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    501 Aspen Ave Estes Park, CO 80517

    For Sale
    $975,000

    Residential Income - Estes Park, CO

    Property size:
    2,560 SF
    Lot size:
    1.31 Acres
    Days on Market:
    20
    Last Refresh:
    Dec 6 at 3:06 pm

    Property Features for 501 Aspen Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RM
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    Bathrooms
    8
    Size
    2,560 SF
    Lot size
    1.31 Acres

    Building Details

    Year built
    1910
    Floors in Building
    2
    Architectural style
    Other

    First Colorado Realty (970) 586-3333 [email protected]

    Listing agent Tom Thomas (970) 586-3333

    Listing date Nov 17, 2025

    MLS# 1047458 Listing URL

    Copyright © 2025 Information and Real Estate Services, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Estes Park Multifamily Investment

    This is a rare opportunity to own an eight-unit multifamily apartment building in Estes Park. The property has an outstanding rental history with very little turnover, offering an ideal opportunity for rental income and investment. The building contains eight studio apartments, each with 325 square feet. Off-street parking and storage lockers are available for tenants. The property also features a shared side-yard. The location provides easy access to Rocky Mountain National Park and is walkable to downtown, restaurants, breweries, and the Rec Center. The property has views of Lumpy Ridge. The lot size is 1.31 acres. The property is zoned RM. The building has a total area of 2560 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Realty agency Dental Office Spa & Massage Hair Salon Restaurant Nail Salon Building Supply Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Estes Park
    County
    Larimer
    State
    Colorado
    Longitude
    -105.510282
    Latitude
    40.370433

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    FAQs

    What type of property is this?
    Apartment building - Eight-unit apartment building in Estes Park with income potential.
    Where is this apartment building located?
    The property is located at 501 Aspen Ave Estes Park, CO.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - Excellent income property with outstanding rental history and low turnover.; - Prime location in the heart of Estes Park, walkable to downtown, restaurants, breweries, and the Rec Center.; - Easy access to Rocky Mountain National Park.
    (970) 586-3333
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    501 Aspen Ave Estes Park, CO 80517
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