Turn-Key Investment Property in
For Sale
Contact for pricing
550 W Main St, Cedaredge, CO 81413
Fully leased duplex in downtown Cedaredge with immediate cash flow.
Property Size1,772 SF
Price / SF$196.05
Days on Market199
Property Features for 550 W Main St
General Information
Standard status
Active
Size
1,772 SF
Property subtype
Multifamily
Zoning
MU-R in City of Cedaredge
Occupancy
100%
Net Operating Income
$22,569
Building Details
Year Built
1958
Buildings
2
Stories
1
Units
2
Listing Agency:
Renfrow Realty
(970) 249-5001
Listed By:
John Renfrow · License #ER.040036477
Source:
Crexi
Added: Feb 5
Changed: Aug 16
Last Checked: Aug 21 at 7:49PM
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 Renfrow Realty
Investment Insights
Based on property information with market context.
This turn-key investment property is located in downtown Cedaredge. The property features two residences, both of which are currently leased. The primary home offers approximately 1,388 square feet with three bedrooms, including one non-conforming bedroom, and one bathroom, as well as a carport. It has been remodeled with new flooring, a completely updated kitchen and bathroom, and modern fixtures. The property also features a detached secondary residence, an ADU, which was built in 1995. The studio is approximately 384 square feet and includes its own living space, kitchen, and bathroom. Recent improvements to the studio include new flooring and a new water heater. The property's location provides walking distance to historic Cedaredge City Park and downtown amenities, with easy access to the Grand Mesa for year-round recreation, including fishing, hiking, snowmobiling, cross-country skiing, and the Powderhorn ski area. This property offers immediate cash flow with a cap rate of 6% or higher.
Key Highlights
- Turn‑key investment property with immediate cash flow and a strong 6%+ cap rate.
- Fully leased primary residence and detached ADU (studio apartment).
- Remodeled primary residence with updated kitchen, bathroom, and modern fixtures.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Explore this area
Business Placement
Demographics for 81413, CO
5,271
Population
3,047
Households
1.7
Avg Household Size
59
Median Age
34%
College-Educated
93%
High-School Grad
153.5 sq mi
ZIP Area
34
Density / Sq Mi
$56,458
Median Household Income
$39,871
Median Earnings
$1,148
Median Rent
$329,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully leased duplex in downtown Cedaredge with immediate cash flow.
Where is this duplex located?
The property is located at 550 W Main St Cedaredge, CO.
What is the asking price?
The asking price for this property is $347,400.
What are key features of this property?
This property features: Turn‑key investment property with immediate cash flow and a strong 6%+ cap rate.; Fully leased primary residence and detached ADU (studio apartment).; Remodeled primary residence with updated kitchen, bathroom, and modern fixtures.
