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Renovated Triplex with Hot Tub
For Sale
$649,900

508-510 Greenwood Avenue, Canon City, CO 81212

Three updated rental units include flexible layouts, shared outdoor space, and private alley access for the rear unit.

Property SizeContact for details
Days on Market360

Property Features for 508-510 Greenwood Avenue

General Information

Standard status Active
Property subtype Multi Family

Units

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

Additional Details

Business Included Yes

Taxes and HOA fees

Annual Taxes $4,861

Amenities

shared patio area
hot tub

Building Details

Year Built 1927
Listing Agency: Real Broker, LLC
Listed By: Nick J. Sartori · License #FA100051252
Source: Exitrealty
Added: Sep 6, 2025 Changed: Aug 30 Last Checked: Aug 30 at 3:22PM

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 Real Broker, LLC

Investment Insights

Based on property information with market context.

This renovated triplex contains three separate rental units with updated interiors, modern layouts, and refreshed building systems. Two front residences are configured with three bedrooms and three bathrooms each, while the rear unit offers two bedrooms and two bathrooms. The front residences share a patio and hot tub, creating an outdoor amenity for occupants or guests. The rear unit benefits from alley access and added privacy. Electrical systems and HVAC equipment have been replaced throughout the property, supporting contemporary occupancy needs. Built in 1927, the property is positioned in downtown Canon City and is presented as a short-term rental asset.

Key Highlights

  • Three‑unit triplex with two 3‑bedroom, 3‑bath front units and one 2‑bedroom, 2‑bath rear unit
  • Majorly renovated property with new electrical systems and HVAC throughout
  • Front residences share a patio and hot tub

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Storage Facility Home Appliance Store Veterinary Clinic (Bike/Boat/Book/etc) Store Electrical Service Tanning Salon

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

3
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

938
Businesses Nearby

Demographics for 81212, CO

31,643
Population
12,918
Households
2.4
Avg Household Size
45
Median Age
22%
College-Educated
91%
High-School Grad
672.0 sq mi
ZIP Area
47
Density / Sq Mi
$63,545
Median Household Income
$38,670
Median Earnings
$1,063
Median Rent
$286,300
Median Home Value

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?
Triplex - Three updated rental units include flexible layouts, shared outdoor space, and private alley access for the rear unit.
Where is this triplex located?
The property is located at 508-510 Greenwood Avenue Canon City, CO.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Three‑unit triplex with two 3‑bedroom, 3‑bath front units and one 2‑bedroom, 2‑bath rear unit; Majorly renovated property with new electrical systems and HVAC throughout; Front residences share a patio and hot tub
More about this property
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