Building Details

Year built 1923

Roof type Metal

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 12:06PM

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MLS# 6855285

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 building offers a varied configuration with four 1-bedroom/1-bath apartments with kitchens, two 2-bedroom/1-bath units, and one 3-bedroom/1-bath unit. Each apartment includes private in-unit laundry. Interior improvements include tile flooring and fresh paint, while new gravel parking behind the building provides off-street tenant parking. The building dates to 1923 and has a metal roof, hot water and electric heating, and ceiling fans for cooling.

The property includes 8.15 acres of rocky, mountainous landscape in Cotopaxi, Colorado. It is located along US Highway 50, with the Arkansas River across the highway. The land, building, parking, and unit mix are included in one multifamily property.

Key Highlights

• 7‑unit apartment building with four 1‑bedroom/1‑bath, two 2‑bedroom/1‑bath, and one 3‑bedroom/1‑bath units
• 8.15 acres of rocky, mountainous landscape included with the apartment building
• Private in‑unit laundry provided in every apartment

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

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 interiors, private laundry, and off-street parking serve a varied multifamily unit mix.

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 building with four 1‑bedroom/1‑bath, two 2‑bedroom/1‑bath, and one 3‑bedroom/1‑bath units; 8.15 acres of rocky, mountainous landscape included with the apartment building; Private in‑unit laundry provided in every apartment