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Five-Unit Apartment Complex on 2.21 Acres
For Sale
$999,000

29975 US Highway 24, Buena Vista, CO 81211

Five-unit apartment complex with mixed-use zoning and expansion potential.

Property Size3,584 SF
Lot Size2.21 Acres
Price / SF$278.74
Days on Market128

Property Features for 29975 US Highway 24

General Information

Standard status Active
Size 3,584 SF
Total Parking Spaces 1
Lot size 2.21 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $2,546

Building Details

Building Size 3,584 SF
Year Built 1970
Units 5
Listing Agency: Coldwell Banker Collegiate Peaks Realty
Listed By: Austina Campbell · License #040034058
Source: Coloradopartners
Added: Apr 20 Changed: Aug 23 Last Checked: Aug 25 at 8:33AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Collegiate Peaks Realty

Investment Insights

Based on property information with market context.

This property features a five-unit apartment complex situated on 2.21 acres with mixed-use zoning. The property offers potential for future expansion. The unit breakdown includes three units with two bedrooms and one full bath, one unit with one bedroom and one full bath, and one unit with one bedroom and ¾ bath. Recent improvements include a complete remodel of Unit #1, a partial remodel of Unit #4, and a remodel of Unit #5. Additional income opportunities include on-site coin-operated laundry, three rentable storage units, and a one-car garage/storage space that can be leased to tenants or reserved for owner use. The property offers multiple revenue streams and future development possibilities.

Key Highlights

  • 2.21 acres with Mixed‑Use Zoning offers significant potential for future expansion and development.
  • Five‑unit apartment complex provides immediate income streams.
  • Multiple revenue streams from coin‑operated laundry, three rentable storage units, and a 1‑car garage/storage space.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Grocery & Convenience Store Bakery Pharmacy Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

98
Businesses Nearby

Demographics for 81211, CO

8,224
Population
4,154
Households
2
Avg Household Size
46
Median Age
35%
College-Educated
91%
High-School Grad
477.7 sq mi
ZIP Area
17
Density / Sq Mi
$62,132
Median Household Income
$37,910
Median Earnings
$1,413
Median Rent
$566,200
Median Home Value

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?
Apartment building - Five-unit apartment complex with mixed-use zoning and expansion potential.
Where is this apartment building located?
The property is located at 29975 US Highway 24 Buena Vista, CO.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 2.21 acres with Mixed‑Use Zoning offers significant potential for future expansion and development.; Five‑unit apartment complex provides immediate income streams.; Multiple revenue streams from coin‑operated laundry, three rentable storage units, and a 1‑car garage/storage space.
More about this property
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