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Multi-Unit Residential Property
New
For Sale
$1,495,000

951 N Highway 149, Lake City, CO 81235

Several distinct living spaces include a separate studio and an apartment with its own entrance.

Property Size5,494 SF
Lot Size1.14 Acres
Price / SF$272.12
Days on Market5

Property Features for 951 N Highway 149

General Information

Standard status Active
Size 5,494 SF
Lot size 1.14 Acres
Property subtype Multi Family Home

Units

Unit Mix 1 x 2BR/2BA (main residence), 1 x 2BR/1BA (guest quarters), 1 x 1BR/2BA (attached apartment), 1 x studio (detached)
Multifamily Units 4

Amenities

scenic deck
wood-burning stove
stacked-stone fireplace
laundry room
private entrance
large deck
updated kitchen
Rinnai heater
mature trees
landscape sprinkler system

Building Details

Building Size 5,494 SF
Year Built 1966
Stories 1
Units 4
Listing Agency: Murphy Real Estate
Listed By: Michael Murphy · License #ER100003731
Source: Grandmesares
Added: Oct 21 Changed: Oct 24 Last Checked: Oct 24 at 2:37PM

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 Murphy Real Estate

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Investment Insights

Based on property information with market context.

Built in 1966 on 1.139± acres, this multifamily property includes a main residence with 2 bedrooms, 2 bathrooms, and 2 additional flexible rooms. Two living areas feature a wood-burning stove and a stacked-stone fireplace. The kitchen opens to a deck, and the home also has a laundry room, storage areas, and an unfinished attic plumbed for a bathroom. Connected guest quarters add 2 bedrooms, 1 bathroom, a dining area, and an efficiency kitchenette.

An attached apartment offers 1 bedroom, 2 bathrooms, a private entrance, a deck, a dedicated laundry room, and an updated kitchen with stainless steel appliances. A detached studio apartment has a two-room layout and a bathroom. Mature trees, lawn, flowerbeds, and a sprinkler system complete the grounds.

The property is within walking distance of the river, a bakery, a grocery store, and a service station. Lake City is a short drive away, with restaurants, shops, and recreational opportunities.

Key Highlights

  • 1.139± acres; built in 1966
  • Main residence has 2 bedrooms, 2 bathrooms, and 2 flexible rooms
  • Guest quarters include 2 bedrooms, 1 bathroom, dining area, and efficiency kitchenette

Property Analytics

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1
Businesses Nearby

Demographics for 81235, CO

728
Population
1,008
Households
0.7
Avg Household Size
54
Median Age
48%
College-Educated
100%
High-School Grad
534.6 sq mi
ZIP Area
1
Density / Sq Mi
$67,750
Median Household Income
$39,412
Median Earnings
$1,099
Median Rent
$456,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Several distinct living spaces include a separate studio and an apartment with its own entrance.
Where is this multifamily property located?
The property is located at 951 N Highway 149 Lake City, CO.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 1.139± acres; built in 1966; Main residence has 2 bedrooms, 2 bathrooms, and 2 flexible rooms; Guest quarters include 2 bedrooms, 1 bathroom, dining area, and efficiency kitchenette
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