Apartment Development with Expansion
For Sale
$7,995,000
1511 Main St, Ouray, CO 81427
Partially completed apartment project with additional land, approved plans, and infrastructure prepared for continued development.
Property Size10,535 SF
Price / SF$758.90
Days on Market37
Property Features for 1511 Main St
General Information
Standard status
Active
Size
10,535 SF
Property subtype
Multi-Family
Building Details
Year Built
2026
Listing Agency:
Keller Williams Realty Southwest Associates, LLC - Montrose
(970) 729-2268
Listed By:
Carl Cockle
Source:
Mountainmeadowrealestate
Added: Jul 25
Changed: Aug 30
Last Checked: Aug 30 at 4:38AM
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 Keller Williams Realty Southwest Associates, LLC - Montrose
Investment Insights
Based on property information with market context.
This apartment development includes five three-bedroom units with two-and-a-half baths, in-floor radiant heat, and mini-split heating and cooling. One unit is complete, while the remaining four are nearing completion. An oversized two-car garage serves the property, and the project was built in 2026.
The sale also includes a 16.65-acre parcel designated for future development. Utilities are installed and ready to support additional construction, while a city-approved site plan provides for 13 more units. Plans and engineering are included. The property carries C-2 zoning, supporting multiple future development options identified in the project information.
The sale also includes a 16.65-acre parcel designated for future development. Utilities are installed and ready to support additional construction, while a city-approved site plan provides for 13 more units. Plans and engineering are included. The property carries C-2 zoning, supporting multiple future development options identified in the project information.
Key Highlights
- Five three‑bedroom, two‑and‑a‑half‑bath units; Unit 1 is complete and four units are near completion
- Additional 16.65‑acre parcel included for future development
- City‑approved site plan for 13 additional units
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Explore this area
Business Placement
Demographics for 81427, CO
1,099
Population
953
Households
1.2
Avg Household Size
50
Median Age
61%
College-Educated
96%
High-School Grad
74.7 sq mi
ZIP Area
15
Density / Sq Mi
$82,851
Median Household Income
$43,500
Median Earnings
$954
Median Rent
$562,200
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 - Partially completed apartment project with additional land, approved plans, and infrastructure prepared for continued development.
Where is this apartment building located?
The property is located at 1511 Main St Ouray, CO.
What is the asking price?
The asking price for this property is $7,995,000.
What are key features of this property?
This property features: Five three‑bedroom, two‑and‑a‑half‑bath units; Unit 1 is complete and four units are near completion; Additional 16.65‑acre parcel included for future development; City‑approved site plan for 13 additional units
