Apartment Building Site with C-2
For Sale
$7,995,000
1511 Main Street, Ouray, CO 81427
MULTI_FAMILY - Ouray, CO
Property Size10,535 SF
Lot Size1.94 Acres
Price / SF$758.90
Days on Market9
Property Features for 1511 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Directions
This property is 1/4 mile North of Ouray on the East side of Highway 550.
Standard status
Active
Size
10,535 SF
Lot size
1.94 Acres
Building Details
Year built
2026
Listing Agency:
Keller Williams Realty Southwest Associates, LLC - Montrose
(970) 596-0870
Listed By:
Carl Cockle
(970) 729-2268
Added: Jul 30
Changed: Aug 1
Last Checked: Aug 7 at 8:06AM
MLS# 837601
Copyright © 2026 Colorado Real Estate Network Inc. 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.
Under construction multifamily apartment building development on a 1.94-acre site totaling 10,535 SF, with Year Built listed as 2026. The first 5 units are soon to be completed: Unit 1 is completed and the other 4 units are near completion. Each unit is laid out as 3-bedroom with 2 1/2-bath, featuring in-floor radiant heat and mini-splits for heating and cooling. Each unit also includes an oversized 2-car garage.
Utilities are in and ready for further development. The property has a city-approved site plan for 13 additional units, and plans and engineering are included. The purchase price also includes another 16.65-acre parcel intended for future development.
C-2 zoning supports further development options, and the owner may provide financing.
Utilities are in and ready for further development. The property has a city-approved site plan for 13 additional units, and plans and engineering are included. The purchase price also includes another 16.65-acre parcel intended for future development.
C-2 zoning supports further development options, and the owner may provide financing.
Key Highlights
- 1.94‑acre apartment building development totaling 10,535 SF, Year Built listed as 2026
- First 5 units: Unit 1 completed; other 4 units near completion
- 3‑bedroom, 2 1/2‑bath units with in‑floor radiant heat and mini‑splits
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
345
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Under-construction multifamily development on 1.94-acre site with city-approved plan for 13 additional units.
Where is this apartment building located?
The property is located at 1511 Main Street 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: 1.94‑acre apartment building development totaling 10,535 SF, Year Built listed as 2026; First 5 units: Unit 1 completed; other 4 units near completion; 3‑bedroom, 2 1/2‑bath units with in‑floor radiant heat and mini‑splits
