921 Mount Massive Dr Leadville, CO 80461
This exceptional multifamily investment opportunity presents seven townhomes situated at 921 Mt Massive Dr, Leadville, CO 80461. Built in 1961 and extensively renovated in 2024, this one-building, two-story complex offers a mix of fully and partially remodeled units, providing immediate income potential and flexibility for future upgrades. Each unit boasts approximately 896-921 square feet of living space, featuring 2 bedrooms and 1-1.5 bathrooms. Three units have undergone complete renovations, while four offer partially completed renovations, allowing for customization or immediate rental. Residents enjoy the convenience of two covered decks with mountain views, fenced rear patios, and ample off-street parking (21 spaces total, approximately 3 per unit). Additional features include under-stair storage and walk-in closets. The property's prime location offers easy access to downtown Leadville's shops and restaurants, and is adjacent to the Mineral Belt recreational trail. Nearby recreational opportunities abound, including proximity to Ski Cooper (10 minutes), Copper Mountain (25 miles), Vail, and Breckenridge (35 miles). The HOA covers a comprehensive range of services, including electricity, gas, heat, water, sewer, snow removal, trash, grounds maintenance, insurance, and management. This property represents a compelling investment in a high-demand rental market within a vibrant mountain town. The permitted zoning is residential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.