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Up-Down Duplex with Covered Patio
New
For Sale
$325,000

385 N 3rd Street, Hotchkiss, CO 81416

MULTIFAMILY, Hotchkiss, CO

Property Size1,848 SF
Lot Size0.18 Acres
Price / SF$175.87
Days on Market6

Property Features for 385 N 3rd Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bathroom 2
Directions N 3rd Street Town of Hotchkiss
Standard status Active
Size 1,848 SF
Lot size 0.18 Acres

Amenities

covered patio
laundry hookups

Building Details

Year built 1954
Listing Agency: Byrd & Company Real Estate LLC
Listed By: Brian Byrd
Added: Sep 30 Changed: Oct 3 Last Checked: Oct 5 at 7:06PM
MLS# 839464

Copyright © 2026 Colorado Real Estate Network Inc. 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 1,848-square-foot duplex, built in 1954, is arranged with one residence above the other. Each level has 2 bedrooms, 1 bathroom, a kitchen with appliances, and living and dining areas. The upper unit includes laundry hookups and a covered patio; the lower unit has a walkout basement, egress windows, and city-compliant living space. An attached one-car garage provides additional laundry hookups.

The property sits on a 0.18-acre corner parcel made up of three city lots in Hotchkiss, Colorado.

Key Highlights

  • Two units, each with 2 bedrooms, 1 bathroom, kitchen, living area, and dining area
  • 1,848 square feet on a 0.18‑acre corner lot comprising 3 city lots
  • Upper unit includes a covered patio and laundry hookups

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Electrical Service Plumbing Service Building Supply Storage Facility Locksmith

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

269
Businesses Nearby

Demographics for 81416, CO

14,304
Population
5,874
Households
2.4
Avg Household Size
42
Median Age
19%
College-Educated
88%
High-School Grad
570.6 sq mi
ZIP Area
25
Density / Sq Mi
$52,174
Median Household Income
$38,324
Median Earnings
$1,043
Median Rent
$282,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two separately configured units provide kitchens, living areas, and laundry hookups across the upper and lower levels.
Where is this duplex located?
The property is located at 385 N 3rd Street Hotchkiss, CO.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms, 1 bathroom, kitchen, living area, and dining area; 1,848 square feet on a 0.18‑acre corner lot comprising 3 city lots; Upper unit includes a covered patio and laundry hookups
More about this property
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