12-Unit Historic Apartment
New
For Sale
$812,000
204 208 311 Victor Ave, Victor, CO 80860
Three brick buildings combine a varied apartment mix with an adjacent vacant parcel in Victor, Colorado.
Property Size10,298 SF
Days on Market5
Property Features for 204 208 311 Victor Ave
General Information
Standard status
Active
Size
10,298 SF
Property subtype
Multifamily
Occupancy
80%
Units
Unit Mix
2 x studio, 1 x 1BR, 8 x 2BR, 1 x 3BR
Multifamily Units
12
Additional Details
Cap Rate
9.41%
Amenities
Two units at 208 return on completion of the firewall; a 1,200 SF former unit at 204 awaits build-back — three added income streams without buying another building.
The rear wing of 311 supports additional units; architectural plans already prepared through the Colorado Main Street program, with grant funding available.
All but one lease is month-to-month, giving a new owner control of tenancy, renovation sequencing and repositioning from the day of closing.
New roofing, full electrical upgrade with per-unit panels at 208, replaced plumbing and sewer lines, gas forced-air heat and multiple fully renovated units.
SSR's 12-year, 2.8M-oz plan and $7.7M in water payments to Victor; Cripple Creek casinos five miles away; sub-2% rental vacancy, no new supply.
Building Details
Building Size
10,298 SF
Year Built
1899
Buildings
3
Units
12
Construction
brick
Listed By:
Greg Parker · License #License(s): CO: FA.100074810
(303) 328-2015
Source:
Marcusmillichap
Added: Oct 1
Last Checked: Oct 5 at 3:05PM
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 Greg Parker
Investment Insights
Based on property information with market context.
The portfolio contains 12 apartments in three brick buildings constructed in 1899, with several units featuring lofts. The unit mix includes two studios, one one-bedroom, eight two-bedroom and one three-bedroom apartment. An adjacent vacant parcel at 202 Victor Avenue is part of the offering. Improvements include new roofing, upgraded electrical service at 208 Victor Avenue, replaced plumbing and sewer lines, and gas forced-air heat in the 311 Victor Avenue units and the most recent renovation at 204 Victor Avenue. Three apartments are being returned to service: two at 208 and a 1,200-square-foot former unit at 204. Most leases are month-to-month.
The buildings are situated within 425 feet of one another on the same block in Victor’s Downtown Historic District, which is listed on the National Register of Historic Places. The rear wing at 311 Victor Avenue has potential for additional units, with architectural drawings prepared through the Colorado Main Street program and grant funding available.
The buildings are situated within 425 feet of one another on the same block in Victor’s Downtown Historic District, which is listed on the National Register of Historic Places. The rear wing at 311 Victor Avenue has potential for additional units, with architectural drawings prepared through the Colorado Main Street program and grant funding available.
Key Highlights
- 12 apartments across three brick buildings built in 1899
- Unit mix: two studios, one one‑bedroom, eight two‑bedroom and one three‑bedroom apartment
- Adjacent vacant parcel at 202 Victor Avenue included
Property Analytics
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Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
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Business Placement
Demographics for 80860, CO
547
Population
409
Households
1.3
Avg Household Size
53
Median Age
17%
College-Educated
93%
High-School Grad
69.8 sq mi
ZIP Area
8
Density / Sq Mi
$53,333
Median Household Income
$29,955
Median Earnings
$615
Median Rent
$184,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Apartment building - Three brick buildings combine a varied apartment mix with an adjacent vacant parcel in Victor, Colorado.
Where is this apartment building located?
The property is located at 204 208 311 Victor Ave Victor, CO.
What is the asking price?
The asking price for this property is $812,000.
What are key features of this property?
This property features: 12 apartments across three brick buildings built in 1899; Unit mix: two studios, one one‑bedroom, eight two‑bedroom and one three‑bedroom apartment; Adjacent vacant parcel at 202 Victor Avenue included
