337 E 5 th Street Rifle, CO 81650 Active Under Contract

UPDATED: 11/25/2025 09:53 PM ON MARKET: 9 days on market

$750,000

5 Beds6 Baths6,824 SqFt

Key Details

Property Type Single Family Home

Sub Type Residential Income

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 6,824 sqft

Price per Sqft $109

Subdivision Murphy

MLS Listing ID 190859

Bedrooms 5

Full Baths 5

Half Baths 1

HOA Y/N Yes

Year Built 1911

Annual Tax Amount $3,090

Tax Year 2024

Lot Size 1 Sqft

Property Sub-Type Residential Income

Source Aspen Glenwood MLS

Property Description

Fully Occupied fourplex with positive cash flow. 337 E 5th Street offers a rare opportunity to acquire a well-maintained four-unit property generating $6,900/month in gross rental income with a self managed 8.45% cap rate or 7.4% cap rate with professional management. This income-producing asset includes a spacious 3 bed / 2.5 bath unit, two comfortable 1 bed / 1 bath units, and a roomy studio for a balanced mix that attracts a broad range of tenants.

Rifle's rental market continues to show strong, steady demand, fueled by a stable local workforce, limited rental inventory, and proximity to key industries like energy, healthcare, and outdoor recreation. With a gross annual income of $82,880, this property delivers immediate cash flow in a market where vacancy rates remain low.

The building has been well cared for, making it a true plug-and-play investment with potential for rent growth and long-term appreciation. Rifle is widely considered a strong buy-and-hold market, with both property values and rental rates trending upward. This is the kind of opportunity investors look back on and wish they took the opportunity when they had the chance.