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5-Plex Residential Income Property

107 North Teller Street Gunnison, CO 81230

107 North Teller Street, Gunnison, CO, 81230
$1,400,000
For Sale
$1,400,000

Income-producing 5-plex with a 3 bed/2 bath main house and multiple duplex studio and one-bedroom units.

Property Size2,754 SF
Price / SF$508.35
Days on Market644

Property Features for 107 North Teller Street

General Information

Standard status
Active
Size
2,754 SF
Property subtype
MULTIFAMILY / Fiveplex

Building Details

Year Built
1934
Listing agency Berkshire Hathaway HomeServices Today Realty & Associates
Listed by Eric Lain · License #FA100106650
Source Compass
Added: Oct 16, 2024 Updated: Jul 20 at 5:12PM Checked: Jul 21 at 6:46AM

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 Berkshire Hathaway HomeServices Today Realty & Associates


Investment Insights

Based on property information with market context.

This income-producing 5-plex includes a main house and duplex-style units. The main house offers 3 bedrooms and 2 bathrooms with an above-grade living area of 1,436 square feet and an unfinished basement of 588 square feet. Units 1 and 2 are one-story duplex units configured as studio apartments, each with 587 square feet of above-grade living area. Units 3 and 4 are two-story duplex units configured as 1 bed/1 bath, with a kitchen/dining area and 731 square feet of above-grade living area.

The property is located one block from Western State Colorado University. Public transportation is available across the street, and Legion Park is directly across the street.

Gross income and expenses referenced in the listing are approximate, based on actual rents received and projected rents based on current leases and current/projected expenses.

Key Highlights

  • Income‑producing 5‑plex with a 3 bed, 2 bath main house plus duplex studio and 1 bed/1 bath units
  • Main house offers 1,436 sq ft above‑grade living area with an unfinished 588 sq ft basement
  • Duplex units #1 and #2 are studios, each with 587 sq ft above‑grade living area

Property Analytics

Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

HVAC Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Locksmith Daycare Center (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pet Grooming Service Barber Shop

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

FAQs

What type of property is this?
Apartment building - Income-producing 5-plex with a 3 bed/2 bath main house and multiple duplex studio and one-bedroom units.
Where is this apartment building located?
The property is located at 107 North Teller Street Gunnison, CO.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Income‑producing 5‑plex with a 3 bed, 2 bath main house plus duplex studio and 1 bed/1 bath units; Main house offers 1,436 sq ft above‑grade living area with an unfinished 588 sq ft basement; Duplex units #1 and #2 are studios, each with 587 sq ft above‑grade living area
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