12-Unit Multifamily
For Sale
Contact for pricing
Pending
702 Oak St, Steamboat Springs, CO 80487
Mixed-use occupancy combines commercial tenants with long-term residential rentals near downtown Steamboat Springs.
Property SizeContact for details
Days on Market143
Property Features for 702 Oak St
General Information
Standard status
Pending
Property subtype
Multifamily, Mixed Use
Listing Agency:
Colorado Group Realty
Listed By:
William Kennish · License #CO EA.100023109
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 31 at 1:16AM
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 Colorado Group Realty
Investment Insights
Based on property information with market context.
This 12-unit mixed-use property at 702 Oak St includes four units leased to commercial tenants and seven occupied by long-term residential tenants. One additional unit is vacant for showings and prepared for Air BnB use. Most leases are month to month, providing flexibility for continued operation, new long-term leasing, or a shift toward short-term stays. A pro forma based on market-rate long-term rentals indicates a 6.2 cap rate.
The property sits one block from 7th and Lincoln Avenue in downtown Steamboat Springs, with restaurants and bars within a brief walk. The Yampa River and Howelsen are also nearby, while Highway 40 is one block away. The downtown setting supports access by foot or bicycle, and the surrounding area connects to mountain bike trails.
The property sits one block from 7th and Lincoln Avenue in downtown Steamboat Springs, with restaurants and bars within a brief walk. The Yampa River and Howelsen are also nearby, while Highway 40 is one block away. The downtown setting supports access by foot or bicycle, and the surrounding area connects to mountain bike trails.
Key Highlights
- 12 mixed‑use rental units
- Four units leased to commercial tenants and seven to long‑term residential tenants
- One vacant unit prepared for Air BnB use
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,336
Businesses Nearby
Explore this area
Business Placement
Demographics for 80487, CO
18,209
Population
13,231
Households
1.4
Avg Household Size
42
Median Age
57%
College-Educated
97%
High-School Grad
795.8 sq mi
ZIP Area
23
Density / Sq Mi
$106,837
Median Household Income
$50,551
Median Earnings
$1,927
Median Rent
$915,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Mixed-use occupancy combines commercial tenants with long-term residential rentals near downtown Steamboat Springs.
Where is this multifamily property located?
The property is located at 702 Oak St Steamboat Springs, CO.
What are key features of this property?
This property features: 12 mixed‑use rental units; Four units leased to commercial tenants and seven to long‑term residential tenants; One vacant unit prepared for Air BnB use
