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    204 Victor Ave Victor, CO 80860

    For Sale
    $975,000

    Three buildings, high rental income potential.

    Property size:
    10,298 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional investment opportunity encompasses three multi-family buildings situated in the heart of historic downtown Victor, Colorado, within the Cripple Creek Victor Mining District and the Gold Belt National Scenic Byway. The property consists of a 4-plex (7 bedrooms, 4 bathrooms), a duplex (4 bedrooms + loft, 2 bathrooms), and a 5-plex (7-8 bedrooms + loft, 5 bathrooms), totaling approximately 10,298 square feet on a substantial 17.42-acre lot. Currently occupied with tenants, these buildings offer immediate rental income and significant upside potential. Each building features "storefront" units suitable for retail, office, or commercial use, presenting diverse income streams. The property includes a separate lot and a garage. The town of Victor provides a complimentary architect for planning renovations or additions, facilitating expansion and further income generation. Located just five miles from Cripple Creek and a convenient 45-minute drive from Colorado Springs and Pikes Peak, this property benefits from a prime location and strong tourism appeal. This rare opportunity allows for immediate income and substantial long-term growth in a thriving historic district. The asking price is $975,000.

    Property Features for 204 Victor Ave

    General Information

    Property type
    Residential income properties
    Square Feet
    10,298 SF
    Lot Size
    75,881,520 SF

    Building Details

    Year Built
    1899
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Map

    City
    Victor
    County
    Teller
    State
    Colorado
    Longitude
    -105.1394
    Latitude
    38.70983

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    FAQs

    What type of property is this?
    Residential income property - Three buildings, high rental income potential.
    Where is this residential income property located?
    The property is located at 204 Victor Ave Victor, CO.
    What is the asking price?
    The asking price for this property is $975,000.
    (800) 991-6092
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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

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    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
    204 Victor Ave Victor, CO 80860
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