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11-Unit Apartment Property with Cabins

1206 W Tomichi Avenue, Gunnison, CO 81230

For Sale
New
$2,500,000

MULTIFAMILY, Adobe, Cabin, Gunnison, CO

Property Size4,681 SF
Lot Size0.36 Acres
Price / SF$534.07
Days on Market3

Property Features for 1206 W Tomichi Avenue

General Information

Property type Residential Multi Family
Property subtype Cabin
Bathrooms 11
Full bathrooms 6
Rooms Bathroom 5, Bathroom 2, Bathroom 3, Bathroom 9, Bathroom 7, Bathroom 10, Bathroom 8, Bathroom 1, Bathroom 11, Bathroom 6, Bathroom 4
Directions From the intersection of Main Street and Tomichi Avenue, travel West on Tomichi Avenue. Stay straight on Tomichi Avenue when it splits from Highway 50. Property will be on the North side of the road, at the corner of Tomichi Avenue and N 7th Street.
Standard status Active
Size 4,681 SF
Lot size 0.36 Acres

Building Details

Year built 1943
Architectural style Other
Buildings 3
Listing Agency: Bluebird Real Estate, LLC
Listed By: Brian Cooper · License CO FA100030247
Added: Nov 10 Last Checked: Nov 12 at 12:06PM
MLS# 840309

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.

Rey
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Investment Insights

Based on property information with market context.

Set on a 0.36-acre parcel, this 11-unit apartment property totals 4,681 square feet and dates to 1943. Two freestanding cabins each have one bedroom and one bathroom. The main building houses nine apartments: one two-bedroom, one-bathroom unit; five one-bedroom, one-bathroom units; and three studios.

Sewer, electrical, and water lines have received improvements. The owner pays the water and sewer expenses. The property is at the corner of West Tomichi Avenue and North 7th Street in Gunnison, Colorado.

Key Highlights

  • 11 rental units across two freestanding cabins and a main building
  • 4,681 square feet on 0.36 acres
  • Unit mix includes 3 studios, 5 one‑bedroom units, and 1 two‑bedroom unit in the main building

Property Analytics

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Lease Details

11
Residential units
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

354
Businesses Nearby

Demographics for 81230, CO

10,598
Population
5,453
Households
1.9
Avg Household Size
34
Median Age
54%
College-Educated
98%
High-School Grad
1,696.9 sq mi
ZIP Area
6
Density / Sq Mi
$71,263
Median Household Income
$35,507
Median Earnings
$1,114
Median Rent
$495,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Two detached cabins complement a main building with a varied studio and one- and two-bedroom unit mix.
Where is this apartment building located?
The property is located at 1206 W Tomichi Avenue Gunnison, CO.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 11 rental units across two freestanding cabins and a main building; 4,681 square feet on 0.36 acres; Unit mix includes 3 studios, 5 one‑bedroom units, and 1 two‑bedroom unit in the main building
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