404 State St, Fort Morgan, CO 80701
Fort Morgan Original Town · Morgan County
Key Facts
Description
This four-unit multifamily property located at Fort Morgan offers a compelling opportunity for investors seeking stable asset, with positive cash flow, in a growing regional market. The asset benefits from spacious units and consistent rental demand driven by the area's agricultural, industrial, and service-based employment base. Its manageable size allows for efficient operations while still providing scale beyond single-family rentals. With strong housing demand in the area, the property presents both immediate income and long-term value appreciation.
Property Information
Property Type
Residential Income
Year Built
1906
Living Area
6,200 sq ft
Lot Size
0.21 acres
Garage Spaces
4
Parking Spaces
4
Days on Market
48
MLS® Listing#
9805993
Property Features
Heating
Basement
Parking
Construction
Roof
Sewer
Schools
- Elementary:
- Sherman
- Middle:
- Fort Morgan
- High:
- Lincoln
Financial Details
HOA
None
Annual Taxes
$2,029
Tax year 2025
Affordability Calculator
$149,000
Estimated monthly payment
$3,965/mo
Principal $596,000 · Est. interest $831,473 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Fort Morgan, CO
- $527,050
- Median Listing Price
- 47
- Median Days on Market
- 1,853
- Median Sq Ft
- $288
- Median Price / Sq Ft
- 1,895
- Active Listings
- This home’s price is 41% above the area median.
- Its price per sq ft is 58% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Fort Morgan, CO.
Location
Points of Interest in Fort Morgan, CO
Showing the Fort Morgan area map.
Nearby Schools
Baker Elementary School
Elementary · 0.2 mi away
Lighthouse Sda Christian School
School · 0.3 mi away
Lincoln High School
Secondary · 0.5 mi away
Pioneer Elementary School
Elementary · 0.6 mi away
Morgan County School District Re-3
School · 0.6 mi away
Boces
Elementary · 0.7 mi away
Green Acres Elementary School
Elementary · 0.7 mi away
Columbine Elementary School
Elementary · 0.8 mi away
Fort Morgan High School
Secondary · 0.8 mi away
Presbyterian Preschool
School · 1.0 mi away
Trinity Lutheran School
School · 1.0 mi away
Riverview Christian School
School · 5.8 mi away
Beaver Valley Elementary School
Elementary · 7.7 mi away
Brush Middle School
Secondary · 8.5 mi away
Brush High School
Secondary · 8.6 mi away
Thomson Primary School
Elementary · 8.9 mi away
Brush Middle School
Elementary · 9.3 mi away
Weldon Valley School
Secondary · 11.1 mi away
Wiggins Pre-School
School · 14.6 mi away
Wiggins Elementary School
Elementary · 14.6 mi away
