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Multifamily Property with Guest House
New
For Sale
$1,395,000

12124 Oregon Wagon Trail, Elbert, CO 80106

Residential Income, Elbert, CO

Property SizeContact for details
Lot Size2.51 Acres
Days on Market3

Property Features for 12124 Oregon Wagon Trail

General Information

Property type Residential Multi Family
Property subtype Other
Fireplace 1
Basement Full
Elementary school district District 49
Middle school district District 49
High school district District 49
Standard status Active
Lot size 2.51 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 4073

Utilities

Heating system Radiant, Forced Air
Cooling system Central Air

Building Details

Year built 2006
Roof type Shingle
Listing Agency: Your Castle Real Estate LLC
Listed By: Diane Lynn Gonzales MRP
Added: Sep 25 Last Checked: Sep 27 at 5:06PM
MLS# 3820841

Copyright © 2026 elevateMLS. 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.

Set on 2.51 acres, this 2006 property combines a primary residence with a separate guest house/ADU. The main home includes a great room with a rock fireplace, a kitchen with double ovens and a gas cooktop, a main-level primary suite, and a theater room with surround sound and movie equipment. A covered front porch and custom deck provide additional outdoor areas. Heating is forced air and radiant, with central air conditioning.

The 1,800-square-foot guest house has two bedrooms, two and one-half baths, a dining area, living room, full kitchen, and an oversized four-car garage. A workshop and four additional garages provide further enclosed work and storage areas. Views of Pikes Peak are visible from the great room and primary bedroom.

Key Highlights

  • 2.51‑acre property with a primary residence and separate guest house/ADU
  • Guest house/ADU measures 1,800 SF and includes 2 bedrooms and 2 1/2 baths
  • Guest house has an oversized 4‑car garage

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Big Box & Wholesale Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

4
Businesses Nearby

Demographics for 80106, CO

4,547
Population
1,927
Households
2.4
Avg Household Size
49
Median Age
42%
College-Educated
98%
High-School Grad
172.8 sq mi
ZIP Area
26
Density / Sq Mi
$152,554
Median Household Income
$60,363
Median Earnings
$1,255
Median Rent
$666,800
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
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Frequently Asked Questions

What type of property is this?
Multifamily property - A separate guest residence, workshop, and additional garages expand the property's residential and storage configuration.
Where is this multifamily property located?
The property is located at 12124 Oregon Wagon Trail Elbert, CO.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 2.51‑acre property with a primary residence and separate guest house/ADU; Guest house/ADU measures 1,800 SF and includes 2 bedrooms and 2 1/2 baths; Guest house has an oversized 4‑car garage
More about this property
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