Historic Brick 6-Plex Apartment
For Sale
$1,500,000
A-317 E 4th St, Salida, CO 81201
Six rental units plus a detached bungalow provide a mix of studio, two-bedroom, and three-bedroom floorplans.
Property SizeContact for details
Days on Market563
Property Features for A-317 E 4th St
General Information
Standard status
Active
Additional Details
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$2,812
Building Details
Construction
brick
Listing Agency:
First Colorado Land Office, Inc.
(719) 539-6682
Listed By:
Martin Epp · License #040000727
(719) 221-1642
Source:
Exprealty
Added: Feb 20, 2025
Changed: Sep 4
Last Checked: Sep 5 at 1:46PM
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 First Colorado Land Office, Inc.
Investment Insights
Based on property information with market context.
A historic brick 6-plex apartment building offers four studio apartments and two two-bedroom apartments, each with one bathroom. A detached bungalow on the alley includes three bedrooms, a bonus room, one bathroom, and an attached carport. The property includes a shared yard area with a storage building between the main building and the bungalow. Each unit comes with a range and refrigerator, and the floorplans and degree of recent updates vary among units.
The property is located in a residential neighborhood setting in downtown Salida, about one block from Alpine Park and approximately three blocks from Historic Downtown Salida.
Operating details include seller responsibility for gas, trash, and water, while tenants pay electricity. Rents have been maintained to support many long-term tenants, and income and cap rate may change based on the status of occupied units at the time of a purchase contract.
The property is located in a residential neighborhood setting in downtown Salida, about one block from Alpine Park and approximately three blocks from Historic Downtown Salida.
Operating details include seller responsibility for gas, trash, and water, while tenants pay electricity. Rents have been maintained to support many long-term tenants, and income and cap rate may change based on the status of occupied units at the time of a purchase contract.
Key Highlights
- Historic brick 6‑plex on Fourth Street with 4 studio apartments and 2 two‑bedroom apartments, each with 1 bath
- Detached bungalow in the alley offers 3 bedrooms plus a bonus room, 1 bath, and an attached carport
- Shared yard between buildings with a storage building in between
Property Analytics
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
Explore this area
Business Placement
Demographics for 81201, CO
9,128
Population
5,407
Households
1.7
Avg Household Size
51
Median Age
52%
College-Educated
97%
High-School Grad
400.6 sq mi
ZIP Area
23
Density / Sq Mi
$70,850
Median Household Income
$41,244
Median Earnings
$1,614
Median Rent
$631,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Six rental units plus a detached bungalow provide a mix of studio, two-bedroom, and three-bedroom floorplans.
Where is this apartment building located?
The property is located at A-317 E 4th St Salida, CO.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Historic brick 6‑plex on Fourth Street with 4 studio apartments and 2 two‑bedroom apartments, each with 1 bath; Detached bungalow in the alley offers 3 bedrooms plus a bonus room, 1 bath, and an attached carport; Shared yard between buildings with a storage building in between
