Building Details

Year built 1923

Listing Agency: Homesmart Preferred Realty Show Phone

Listed By: Lynette Ovnicek · License #FA100027918 Show Phone

Added: Aug 18 Changed: Aug 20 Last Checked: Aug 23 at 11:06AM

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MLS# 7848830

Copyright © 2026 Royal Gorge Association of REALTORS®. 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.

This 7-unit apartment property was built in 1923 and includes four 1-bedroom/1-bath units with kitchens, two 2-bedroom/1-bath units, and one 3-bedroom/1-bath unit. Each residence has private in-unit laundry. Interior improvements include tile flooring and fresh paint throughout the units, while gravel parking behind the building provides off-street tenant parking.

The property encompasses 8.15 acres of rocky, mountainous terrain at 20180 US Highway 50 in Cotopaxi, Fremont County. The Arkansas River is located across the highway. The complex has a history of consistent occupancy and combines an existing apartment operation with a substantial land component.

Key Highlights

• 7‑unit apartment property with four 1‑bedroom, two 2‑bedroom, and one 3‑bedroom unit
• 8.15 acres of rocky, mountainous terrain included with the apartment property
• Every unit features private, in‑unit laundry

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Plumbing Service Grocery & Convenience Store Kitchen & Bath Showroom Nail Salon Daycare Center Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

25

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Multifamily in the U.S.

7.1% 2022

8.3% 2023

9.3% 2024

9.3% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Updated residences include private laundry and a mix of one-, two-, and three-bedroom floor plans.

Where is this apartment building located?

The property is located at 20180 Us Highway 50 Cotopaxi.

What is the asking price?

The asking price for this property is $1,195,000.

What are key features of this property?

This property features: 7‑unit apartment property with four 1‑bedroom, two 2‑bedroom, and one 3‑bedroom unit; 8.15 acres of rocky, mountainous terrain included with the apartment property; Every unit features private, in‑unit laundry