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Historic Victorian Multifamily Property

518 E Georgia Avenue Gunnison, CO 81230

518 E Georgia Avenue, Gunnison, CO, 81230
$825,000
For Sale
$825,000

Three-level main house with three units plus an adjacent duplex provides five separate rental units on a corner lot.

Property Size3,841 SF
Price / SF$214.79
Days on Market284

Property Features for 518 E Georgia Avenue

General Information

Standard status
Active
Size
3,841 SF
Property subtype
Multi Family

Building Details

Year Built
1888
Listing Agency Bluebird Real Estate, LLC
Listed by Brian Cooper · License #FA100030247
Source Exitrealty
Added: Oct 11, 2025 Updated: Jul 20 at 2:23 am Checked: Jul 20 at 2:23 am

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 Bluebird Real Estate, LLC


Investment Insights

Based on property information with market context.

This historic Victorian multifamily property features a three-level main house with three individual units and a separate elevated deck area with finished and heated office or studio space. The main floor includes a one-bedroom residence with a spacious kitchen, inviting living room, and a comfortable primary bedroom, with high ceilings and historic custom woodwork. A shared entryway and staircase lead to a second-floor two-bedroom unit and a third-floor one-bedroom rental unit. The attached one-car garage provides direct access to the main floor, and the grounds include mature trees and an in-ground irrigation system.

The home fronts E Georgia Avenue on a corner lot adjacent to the campus of Western Colorado University. An adjacent duplex offers top and bottom units, along with an attached storage shed and basement access. The duplex exterior has been improved with new siding and insulation.

The property includes ample off-street parking and storage sheds to support the five separate units.

Key Highlights

  • Historic Victorian home built in 1888 with three distinct levels and three individual main‑house units
  • Adjacent duplex with top and bottom units, providing a total of five separate rental units on one property
  • Corner lot positioned adjacent to Western Colorado University campus housing and facing E Georgia Avenue

Property Analytics

Location Intelligence

Current Use by Public Records

DJ Chaz Entertainment Nightclub

Suggested Use

HVAC Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Daycare Center (Bike/Boat/Book/etc) Store Locksmith (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pet Grooming Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Three-level main house with three units plus an adjacent duplex provides five separate rental units on a corner lot.
Where is this apartment building located?
The property is located at 518 E Georgia Avenue Gunnison, CO.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Historic Victorian home built in 1888 with three distinct levels and three individual main‑house units; Adjacent duplex with top and bottom units, providing a total of five separate rental units on one property; Corner lot positioned adjacent to Western Colorado University campus housing and facing E Georgia Avenue
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