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    820 Macon Ave Canon City, CO 81212

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    For Sale
    $375,000

    MULTI_FAMILY - Canon City, CO

    Property size:
    2,650 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $141/SF
    Added:
    Apr 4, 2026
    Days on Market:
    28
    Last Refresh:
    May 1 at 3:06 pm

    Property Features for 820 Macon Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    C
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 3, Bathroom 4, Bathroom 1
    Parking features
    Garage
    Window features
    Single Pane Window(s), Wood Frames
    Patio and Porch features
    Porch, Deck
    Interior features
    Walk-in Shower
    Basement
    Partial, Unfinished
    Appliances
    Refrigerator-All, Electric Range-All
    Standard status
    Active
    APN
    11010710
    Size
    2,650 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 13 BLK 2 HARRISON & HEL M ADD
    Tax Annual Amount
    1215

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Wall Furnace
    Water source
    Public

    Building Details

    Year built
    1888
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Hardwood, Tile
    Building materials
    Brick, Plastic Plumbing
    Roof type
    Composition

    We can help!

    Listing Contact
    Cynamin Vanlue

    Listing agent Cynamin Vanlue

    Listing office Code of the West Real Estate LLC PO Box 1221, La Veta, CO

    Listing date Apr 4, 2026

    MLS# 239073 Listing URL

    Copyright © 2026 Pueblo Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Victorian Multifamily Commercial Opportunity

    This Victorian-style four-unit property, located in Canon City, Colorado, offers a blend of historic charm and commercial versatility. Zoned for commercial use, the building presents an opportunity for investors, business owners, or those seeking a flexible mixed-use setup. The property has been updated, featuring new electrical systems installed in 2018, plumbing upgrades, and a sprinkler system. Hardwood and tile flooring are present throughout the units. The property is currently 100% occupied with three tenants on month-to-month leases, offering immediate income with the potential to reposition rents or reconfigure spaces for offices, residents, or a combination of both. Each unit has its own meter. With a property size of 2650 square feet and situated on a 0.12-acre lot, this property is located in the Macon Ave area. It can be envisioned as a hub for a growing business, a live-work environment, or an income-producing asset.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Canon City
    County
    Fremont
    State
    Colorado
    Longitude
    -105.2365909
    Latitude
    38.4433606

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property with commercial zoning and income potential.
    Where is this quadplex located?
    The property is located at 820 Macon Ave Canon City, CO.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Prime commercial zoning offers flexible mixed‑use potential.; Currently 100% occupied with immediate income.; Updated systems: new electrical (2018), nearly complete plumbing upgrades, and full sprinkler system.
    (719) 989-7203
    We can help!
    Listing Contact
    Cynamin Vanlue
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    820 Macon Ave, Canon City, CO 81212

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