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    485 Washington St Craig, CO 81625

    For Sale
    $1,400,000

    12-Unit Building, Low Maintenance, High Returns

    Property size:
    11,040 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 12-unit multi-family building, located at 485 Washington Street in Craig, Colorado, presents a compelling investment opportunity. Spanning 11,040 square feet on a 0.45-acre lot, this three-story building is in excellent condition and boasts numerous desirable features. The attractive exterior showcases accented windows, brick, slate, and tile accents, reflecting quality construction and curb appeal. Interior upgrades include modern kitchens, complete with all appliances. Each unit includes a convenient storage locker. Tenant comfort and convenience are maximized with central air conditioning, laundry facilities on each floor, and off-street parking. The building's low-maintenance design incorporates light sensor auto-lighting, heat-taped seamless gutters, and a French draining system, minimizing ongoing expenses. Residents enjoy stunning views of City Parades from their balconies and the added benefit of proximity to recreational amenities. A short walk takes residents to tennis courts, basketball courts, a wave pool, and the O P Bar & Grill. The building's central location and excellent condition have historically resulted in high occupancy rates, making this a truly attractive investment prospect. The previous owner's meticulous upkeep ensures a smooth transition for new ownership. This property offers a blend of attractive features, low maintenance, and a prime location, promising strong returns for the discerning investor. The asking price is $1,400,000.

    Property Features for 485 Washington St

    General Information

    Property type
    Residential income properties
    Square Feet
    11,040 SF
    Lot Size
    19,602 SF

    Building Details

    Year Built
    1975
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rmc apartments Apartment Complex

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Craig
    County
    Moffat
    State
    Colorado
    Longitude
    -107.5421
    Latitude
    40.51375

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    FAQs

    What type of property is this?
    Residential income property - 12-Unit Building, Low Maintenance, High Returns
    Where is this residential income property located?
    The property is located at 485 Washington St Craig, CO.
    What is the asking price?
    The asking price for this property is $1,400,000.
    (877) 330-2773
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    485 Washington St Craig, CO 81625
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    Craig, CO 81625
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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
    485 Washington St Craig, CO 81625
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