Deed-Restricted Condo
185 N Lena Street Condo "D" Ridgway, CO 81432
185 N Lena Street Condo "D", Ridgway, CO, 81432
$1,490,000
For Sale
$1,490,000
Condo D offers four deed-restricted residences in the historic Old Firehouse building with elevator access.
Property Size3,424 SF
Price / SF$435.16
Days on Market192
Property Features for 185 N Lena Street Condo "D"
General Information
- Standard status
- Active
- Size
- 3,424 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2024
Listing agency
Keller Williams Realty Southwest Associates, LLC - Montrose
(970) 901-7018
Listed by
Colleen Aller · License #FA100097828
(970) 901-7018
Source
Exitrealty
Added: Jan 11 Updated: Jul 20 at 3:05AM Checked: Jul 21 at 6:16AM
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.
Condo D is located within the historic Old Firehouse building and includes four deed-restricted residential units: three 1-bedroom/1-bath condos and one studio with a full bath. The units are newly finished and each includes an oven/range, refrigerator, dishwasher, and in-unit washer and dryer. Residents also receive a dedicated storage area, and each unit is served by a covered carport. An elevator provides access to the residential level.
The property is in-town in Ridgway and offers walkable access to restaurants, shopping, schools, parks, and community amenities. The deed restriction is income-based only, set at 140% of Area Median Income, with approximately 17 years remaining before the units convert to free-market status. Current rents are described as below the maximum allowable levels.
The property is in-town in Ridgway and offers walkable access to restaurants, shopping, schools, parks, and community amenities. The deed restriction is income-based only, set at 140% of Area Median Income, with approximately 17 years remaining before the units convert to free-market status. Current rents are described as below the maximum allowable levels.
Key Highlights
- Condo D in the historic Old Firehouse building includes four deed‑restricted residential units.
- New construction (Year Built: 2024) with three 1‑bedroom/1‑bath condos and one studio with a full bath.
- Each unit includes an oven/range, refrigerator, dishwasher, washer, and dryer.
Property Analytics
Location Intelligence
Current Use by Public Records
The Old Firehouse
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Condo D offers four deed-restricted residences in the historic Old Firehouse building with elevator access.
Where is this quadplex located?
The property is located at 185 N Lena Street Condo "D" Ridgway, CO.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Condo D in the historic Old Firehouse building includes four deed‑restricted residential units.; New construction (Year Built: 2024) with three 1‑bedroom/1‑bath condos and one studio with a full bath.; Each unit includes an oven/range, refrigerator, dishwasher, washer, and dryer.
