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Duplex with Private Decks

322 Park Avenue, Aspen, CO 81611

For Sale
$6,250,000

Two separately deeded residences combine short-term and long-term rental use near downtown Aspen.

Property Size2,506 SF
Price / SF$2,494
Days on Market75

Property Features for 322 Park Avenue

General Information

Standard status Active
Size 2,506 SF
Property subtype Duplex

Units

Unit Mix 1 x 3BR/2.5BA, 1 x 2BR/2.5BA
Multifamily Units 2

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $8,568

Amenities

common wraparound deck
private decks
storage shed
off street parking
landscaping with irrigation
alarm system

Building Details

Building Size 2,506 SF
Year Built 1959
Listing Agency: Aspen Snowmass Sotheby's International Realty - Durant
Listed By: Sam Green
Source: Shaneaspen
Added: Aug 28 Changed: Nov 9 Last Checked: Nov 9 at 7:14PM

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 Aspen Snowmass Sotheby's International Realty - Durant

Rey
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Investment Insights

Based on property information with market context.

This Aspen duplex consists of two separately deeded condominium units totaling 2,506 square feet. Unit 1 has three bedrooms and 2.5 bathrooms and is used as a short-term rental, with owner use as well. Unit 2 has two bedrooms and 2.5 bathrooms and is leased for long-term occupancy through April 2027; its lease includes a sale-termination clause that a buyer may exercise. Both units have private decks, and the property also includes a shared wraparound deck, a storage shed, off-street parking, irrigated landscaping, and an alarm system.

The property is across the Hopkins pedestrian bridge from downtown Aspen, with Aspen Mountain views. A zoning analysis in the property documents addresses remodel and expansion options involving additional FAR, as well as single-family or duplex redevelopment.

Key Highlights

  • Two separately deeded condominium units totaling 2,506 square feet
  • Unit 1: 3 bedrooms and 2.5 bathrooms; short‑term rental with owner use
  • Unit 2: 2 bedrooms and 2.5 bathrooms; lease runs through April 2027 with a sale‑termination clause

Property Analytics

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

2,350
Businesses Nearby

Demographics for 81611, CO

9,637
Population
7,564
Households
1.3
Avg Household Size
43
Median Age
68%
College-Educated
97%
High-School Grad
305.6 sq mi
ZIP Area
32
Density / Sq Mi
$95,708
Median Household Income
$58,255
Median Earnings
$1,822
Median Rent
$1,243,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two separately deeded residences combine short-term and long-term rental use near downtown Aspen.
Where is this duplex located?
The property is located at 322 Park Avenue Aspen, CO.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: Two separately deeded condominium units totaling 2,506 square feet; Unit 1: 3 bedrooms and 2.5 bathrooms; short‑term rental with owner use; Unit 2: 2 bedrooms and 2.5 bathrooms; lease runs through April 2027 with a sale‑termination clause
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