1021 Grand Ave Glenwood Springs, CO 81601
Estimated payment $9,444/month
Highlights
- Landscaped
- Hot Water Heating System
- Storage Shed
- Forced Air Heating System
- Laundry Facilities
- 2-minute walk to Axtell Park
About This Home
Nestled in the heart of Glenwood Springs, this rare multi-use property offers an outstanding opportunity
for investors seeking steady cash flow and long-term upside. The Glenwood Springs Hostel has a proven
rental track record, serving both short-term visitors and long-term tenants with its versatile layout and
income diversity. The property spans two well-maintained buildings: a charming historic front house
dedicated to nightly rentals, and a more modern rear building featuring a one-bedroom apartment and
additional short-term rental units. With dual zoning flexibility, multiple income streams, and unbeatable
proximity to the region's top attractions, this asset is primed for continued success. Whether you are an
owner-operator or a passive investor, 1021 Grand Avenue delivers both immediate returns and future
growth potential.
Two Buildings. Multiple Income Streams. Timeless Demand.
1021 Grand Avenue is composed of two purpose-built residences: a character-rich 191 O front home offering monthly lodging and a 1994 rear building featuring a long-term apartment over monthly room rentals. Designed to meet demand from both tourists and workforce renters, this well-diversified asset produces consistent monthly income from 22 beds, a separate apartment, and laundry facilities - with all units currently occupied.
Contact us today for details or a private tour!
Listing Agent
Compass Aspen Brokerage Phone: 970-925-6063 License #FA100069528 Listed on: 07/11/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,700
Year Built
- Built in 1994
Lot Details
- 5,300 Sq Ft Lot
- Landscaped
- Property is in good condition
- Property is zoned M2
Home Design
- Frame Construction
Interior Spaces
- 4,673 Sq Ft Home
- 3-Story Property
- Unfinished Basement
Bedrooms and Bathrooms
- 12 Bedrooms
- 4 Full Bathrooms
Utilities
- Forced Air Heating System
- Hot Water Heating System
- Water Rights Not Included
Additional Features
- Storage Shed
- Mineral Rights Excluded
Listing and Financial Details
- Exclusions: See Remarks
- Assessor Parcel Number 218509427011
Community Details
Overview
- Property has a Home Owners Association
- Association fees include sewer
- Townsite Of Glenwood Springs Subdivision
Amenities
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,700 | $61,370 | $55,550 | $5,820 |
| 2023 | $4,700 | $61,370 | $55,550 | $5,820 |
| 2022 | $3,028 | $37,040 | $30,670 | $6,370 |
| 2021 | $5,029 | $62,430 | $51,590 | $10,840 |
| 2020 | $5,527 | $72,590 | $56,040 | $16,550 |
| 2019 | $5,569 | $72,590 | $56,040 | $16,550 |
| 2018 | $4,981 | $65,420 | $48,630 | $16,790 |
| 2017 | $4,686 | $65,420 | $48,630 | $16,790 |
| 2016 | $4,534 | $62,390 | $44,570 | $17,820 |
| 2015 | $4,595 | $62,390 | $44,570 | $17,820 |
| 2014 | $4,458 | $63,170 | $44,570 | $18,600 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/11/2025 07/11/25 | For Sale | $1,699,000 | -- | $364 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $275,000 | Commonwealth | |
| Deed | $95,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $220,000 | Commercial | |
| Closed | $215,000 | Unknown | |
| Closed | $205,000 | Seller Take Back | |
| Previous Owner | $47,000 | Unknown |
Source: Aspen Glenwood MLS
MLS Number: 189162
APN: R320036
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