406 Prospect Street Fort Morgan, CO $ 279,000
406 Prospect Street
$ 279,000
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406 Prospect Street

Fort Morgan, CO, 80701
$ 279,000
Baths0.0 Sq 2,240

Monthly Estimate*

$ 1,718

Listed by Plains Realty & Management LLC
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Studio

Multi-Family Home for sale in Fort Morgan, CO

for $279,000. This 2,240 square foot home was built in 1923 on a lot size of 0.12.

Don't miss out on this great opportunity. This Duplex is conveniently located in Fort Morgan. Close to the Post Office, Downtown, Library, Some Schools and various restaurants. 2 units - each 1 bedroom and1 bath. 406 Prospect has new furnace and new central air in December of 2025 and 404 has new furnace and new central in April of 2026. Each unit has it owns gas and electric meters. Instant income potential! All interior pictures are of 404 Prospect.

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Multi-Family Active

Price

$ 279,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,272

Style

Lot Size

0.12

Year Built

1923

Town/City

Fort Morgan

County/Region

Morgan

MLS | Web ID

IR1058258

Features
Interior
Interior Amenities Eat-in Kitchen
Basement Partial
Basement (Y/N) Y
Main Level Bedrooms 0
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General
Heating Forced Air
Cooling Central Air
Utilities Electricity Available Natural Gas Available
Possession Closing/DOD
Roof Composition
Zoning R2
Security Features Smoke Detector(s)
Construction Materials Frame
Exclusions All of Tenants Personal Property
Year Built 1923
Tenant Pays Electricity Gas
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Levels One
Property Subtype Duplex
Tax Year 2025
Ownership Individual
Gross Income 2150
County Morgan
Net Operating Income 14451.72
Operating Expense 10275
Property Type Residential Income
HOA N
Subdivision Name Fort Morgan Original Town
Possible Use Multi-Family
Status Active
High School Fort Morgan
City Fort Morgan
High School District Fort Morgan RE-3
Number Of Units Total 2
Lot Size Square Feet 5125
Listing Terms Cash Conventional
Elementary School Baker
Tax Annual Amount 1272
Middle/Junior High School Fort Morgan
Concessions No
Standard Status Active
Occupancy Type Tenant
Elementary School District Fort Morgan RE-3
Cap Rate 5.17
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Exterior
Fencing Partial
Water Source Public
Building Area Total 2240
Lot Size Acres 0.12
Road Surface Type Paved
Road Frontage Type Public
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Internal Only
Street Number 1 406
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* Excluded Features
List By
Plains Realty & Management Llc

Broker

(970) 867-3250

Phone

Affordability Calculator

$1,824
Per Month
94%
6%
0%
Monthly Principal & Interest
$1,718
Monthly Property Taxes
$106
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3385503 Elementary School
3043950 Middle School
Fort Morgan High School High School
Pricing History
DatePricePrice ChangeDescription
5/11/2026$279,000 -3.46% Price Down
5/5/2026$289,000 Listed Price

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406 Prospect Street, Fort Morgan, CO, 80701 is a Multi-Family Home for sale at $279,000 with 2,240 sqft and a lot size of 0.12. 406 Prospect Street is a studio with 0.0 baths and was built in 1923. The property's zip code is 80701 which is in Fort Morgan, CO