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Duplex with Covered Patio

385 N 3rd Street, Hotchkiss, CO 81416

For Sale
New
$295,000

MULTIFAMILY, Hotchkiss, CO

Property Size1,848 SF
Lot Size0.18 Acres
Price / SF$159.63
Days on Market2

Property Features for 385 N 3rd Street

General Information

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

Amenities

covered patio

Building Details

Year built 1954
Buildings 1
Listing Agency: Byrd & Company Real Estate LLC
Listed By: Brian Byrd
Added: Nov 10 Last Checked: Nov 11 at 12:06AM
MLS# 840314

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.

Rey
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Investment Insights

Based on property information with market context.

This 1,848-square-foot duplex in Hotchkiss has two separate living levels, each with 2 bedrooms, 1 bathroom, a full kitchen, and living and dining areas. The upper unit includes a large covered patio and laundry hookups. On the lower level, a walkout basement, egress windows, and City-compliant living space accompany the second unit. The attached garage has space for one car and additional laundry hookups.

The property occupies a 0.18-acre corner parcel comprising 3 City lots. Built in 1954, it offers a two-unit layout with distinct living areas on each floor.

Key Highlights

  • Two units, each with 2 bedrooms and 1 bathroom
  • 1,848 square feet on a 0.18‑acre corner lot comprising 3 City lots
  • Both units have full kitchens, living and dining areas, and laundry hookups

Property Analytics

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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
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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 - Each level has a full kitchen, living room, dining area, and laundry hookups.
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 $295,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,848 square feet on a 0.18‑acre corner lot comprising 3 City lots; Both units have full kitchens, living and dining areas, and laundry hookups
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