Apartment Building with Development
For Sale
$7,995,000
1511 Main Street, Ouray, CO 81427
MULTIFAMILY, Ouray, CO
Property Size10,535 SF
Lot Size1.94 Acres
Price / SF$758.90
Days on Market54
Property Features for 1511 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Directions
This property is 1/4 mile North of Ouray on the East side of Highway 550.
Standard status
Active
Size
10,535 SF
Lot size
1.94 Acres
Building Details
Year built
2026
Listing Agency:
Keller Williams Realty Southwest Associates, LLC - Montrose
(970) 596-0870
Listed By:
Carl Cockle
(970) 729-2268
Added: Jul 30
Changed: Sep 2
Last Checked: Sep 21 at 11:06AM
MLS# 837601
Copyright © 2026 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This under-construction apartment property includes 5 units, with Unit 1 completed and the remaining 4 units nearing completion. Each residence is designed with 3 bedrooms, 2 1/2 baths, in-floor radiant heat, and mini-split heating and cooling. The 10,535-square-foot property also includes an oversized 2-car garage.
The purchase includes a separate 16.65-acre parcel identified for future development. Utilities are installed and ready for additional construction, while a city-approved site plan provides for 13 additional units. Plans and engineering are included, and the future development area carries C-2 zoning.
The purchase includes a separate 16.65-acre parcel identified for future development. Utilities are installed and ready for additional construction, while a city-approved site plan provides for 13 additional units. Plans and engineering are included, and the future development area carries C-2 zoning.
Key Highlights
- 5 units under construction; Unit 1 completed and 4 additional units near completion
- Each unit includes 3 bedrooms, 2 1/2 baths, radiant heat, and mini‑split systems
- 10,535 square feet with an oversized 2‑car garage
Property Analytics
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Current Use
Lease Details
5
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Explore this area
Business Placement
Demographics for 81427, CO
1,099
Population
953
Households
1.2
Avg Household Size
50
Median Age
61%
College-Educated
96%
High-School Grad
74.7 sq mi
ZIP Area
15
Density / Sq Mi
$82,851
Median Household Income
$43,500
Median Earnings
$954
Median Rent
$562,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Under-construction multifamily property with three-bedroom units, radiant heating, mini-split systems, and an oversized two-car garage.
Where is this apartment building located?
The property is located at 1511 Main Street Ouray, CO.
What is the asking price?
The asking price for this property is $7,995,000.
What are key features of this property?
This property features: 5 units under construction; Unit 1 completed and 4 additional units near completion; Each unit includes 3 bedrooms, 2 1/2 baths, radiant heat, and mini‑split systems; 10,535 square feet with an oversized 2‑car garage
