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151 Butte Dr Unit 1&2, Pagosa Springs
$655,000
2 Baths ⋅ 839919 MLS
Newly remodeled light and bright, with luxury vinyl plank flooring, new paint, furnaces tuned up and some new appliances. Ceiling fans in all rooms and automatic door openers on garages. Full sized washers and dryers in bot. Unit 2 is empty for ease of showing and unit one is a personal friend of owner and will move out upon sale. Each unit should easily make 1900.00 in rent. Lake access is almost directly across the street. These have never stayed empty long and the electricity and gas have very low bills. Water runs less than $100 per month per unit and I have always paid that bill for my tenants. These have been a very profitable investment. Live in one and rent the other, or make a great 1031 exchange.

151 Butte Dr Unit 1&2, Pagosa Springs

298 Park Ave, Pagosa Springs
$730,000
6 Baths ⋅ 839234 MLS
Rare Pagosa Springs triplex offering strong income at under $190 per square foot. 298 Park Avenue includes three separate 2-bedroom, 2-bath units, each with its own garage, on nearly half an acre. Built in 2000, the property features low-maintenance stucco siding, a durable metal roof, attractive landscaping, and a well-kept overall condition. The property has maintained nearly 100% occupancy during the seller’s ownership and currently produces a cap rate of over 7% based on existing income and expenses. Tenants pay their own electric and gas, helping keep owner operating costs lower and the income stream strong. Currently the only triplex on the market in Pagosa Springs, this is a difficult-to-replace multifamily opportunity. With six total bedrooms, six total bathrooms, three garages, proven rental demand, low-maintenance construction, and a price of less than $190 per square foot, 298 Park Avenue stands out as a compelling investment in one of Southwest Colorado’s most desirable mountain communities

298 Park Ave, Pagosa Springs

29 Monument Ave, Pagosa Springs
$599,000
2 Baths ⋅ 832862 MLS
Great duplex investment opportunity located on a corner lot in Lake Pagosa Park. Each unit offers approximately 840 square feet with 2 bedrooms and 1 full bathroom, providing comfortable and functional living spaces. Both units include full kitchens all appliances convey, including washers and dryers. Each side also features an attached one-car garage adding convenience and additional storage. The property is located near the lake with lake access in close proximity making it an attractive location for tenants or future occupants. This duplex presents a solid investment opportunity with a cap rate just under 6% and offers multiple options for use, including long-term rental income or owner occupancy with rental potential. Showing Instructions: Please coordinate showings with the broker. 24-hour notice required as both units are currently occupied.

29 Monument Ave, Pagosa Springs

X Apache St, Pagosa Springs
$775,000
826725 MLS
Price reduction to get this moved! Development potential for single family or multi-family. Located in the heart of the southside of downtown, with mountain and Res Hill views, the original 5 city lots have been subdivided into 8 lots. Zoned for up to 19 units, this rare parcel can be replatted to accomodate condos, townhomes, or single-family. The location is perfect for any of these, in this growing, thriving downtown area. Steps away from all the action of the Riverwalk, Yamaguchi Park, dog walk/park, pickleball courts, Res Hill, this parcel has access to all utilities, with no current HOA and is the start of great things to come. This amount of land, for a small development, is like no other in this charming mountain town. What other mountain town has this availability, at this price...

X Apache St, Pagosa Springs

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