$650,000

470 Burns Avenue, Ignacio CO, 81137

Price per sqft$112.85

Built in1973

Property size5,760 sqft

Property typeMulti-family

Bought with Phil Schoon with Keller Williams Realty Southwest Associates, LLC and Listed by Phil Schoon with Keller Williams Realty Southwest Associates, LLC 970-769-2857

Overview

Sold

Closed

Listed Oct 10, 2025

Updated Aug 19

470 Burns Ave., in Ignacio, Colorado, just 20 minutes south of Durango, is a stable multi family, income producing property. The property has six, two bedroom, one and one-half bath, 960 SF units. The apartment is centrally located in Ignacio and walking distance to schools, grocery store, restaurants, and more. Ignacio is the headquarters of the Southern Ute Indian Tribe which is currently the largest employer in La Plata County, and a multi faceted enterprise generating millions of dollars each year for La Plata and Archuleta Counties. Ignacio, and specifically 470 Burns Ave., offers affordable housing solutions for locals and their families. Operating at nearly 100% occupancy, 12 months out of the year, 470 Burns is a very stable investment opportunity offering an nearly 6.6% cap rate, making it a compelling investment alternative to treasury bonds or stocks. If interested, call your preferred local realtor for more information.

Additional information

MLS^® ID: 829165

Interior Features

Bathrooms: 12
Basement: No

Exterior Features

Lot Size: 0.44 Acres

Bought with Phil Schoon with Keller Williams Realty Southwest Associates, LLC and Listed by Phil Schoon with Keller Williams Realty Southwest Associates, LLC 970-769-2857

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Data last updated on: 8/19/2026