$1,195,000

20180 US Highway 50 Cotopaxi, CO 81223

Estimated payment $6,376/month

Total Views 789
-- Bed
-- Bath
6,043 Sq Ft
$198 Price per Sq Ft

About This Home

Rare multifamily investment opportunity in a charming small-town setting with land, parking, and strong rental demand. This 7-unit apartment complex is consistently occupied, offering reliable income and long-term investment stability. All units have been updated with durable tile flooring and fresh interior paint, creating a low-maintenance and modern living environment. The property features a desirable unit mix including four 1-bedroom/1-bath units with kitchens, two 2-bedroom/1-bath units, and one spacious 3-bedroom/1-bath unit. Every unit includes private, in-unit laundry, a highly sought-after amenity that supports tenant retention. Recent improvements include new gravel parking located behind the building, providing convenient off-street parking for tenants. In addition to the building, the property includes 8.15 acres of rocky, mountainous landscape, offering privacy, natural beauty, and potential future use. The Arkansas River is just a stone’s throw across the highway, adding to the appeal of the location and surrounding scenery. With strong occupancy history, updated interiors, ample parking, and a unique land component, this property presents a turnkey opportunity for investors seeking steady income in a scenic Colorado setting.

Listing Agent

LYNETTE OVNICEK

Homesmart Preferred Realty Listed on: 02/02/2026

Homesmart Preferred Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,716

Year Built

  • Built in 1923

Lot Details

  • 8.15 Acre Lot

Home Design

  • 6,043 Sq Ft Home

Listing and Financial Details

  • Assessor Parcel Number 78002690

Property Details

Property Type

Other

Est. Annual Taxes

$2,716

Year Built

Built in 1923

Lot Details

8.15 Acres

Listing Details

  • Year Built: 1923
  • PropertyType: Commercial
  • Lot Size Acres: 8.1500
  • Co List Office Phone: 719-458-1345
  • MLS Status: Active
  • FloodPlain100YRYN: No
  • Special Features: None
  • Property Sub Type: Other

Lot Info

  • Parcel Number: 78002690

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2716.16

Map

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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 $3,462 $64,890 $0 $0
2023 $2,716 $169,838 $0 $0
2022 $5,262 $111,173 $0 $0
2021 $5,152 $111,367 $0 $0
2020 $4,459 $97,924 $0 $0
2019 $4,449 $97,924 $0 $0
2018 $4,386 $96,417 $0 $0
2017 $4,399 $96,417 $0 $0
2016 $3,816 $83,780 $0 $0
2015 $3,807 $83,780 $0 $0
2012 $3,658 $86,990 $21,425 $65,565
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/02/2026 02/02/26 For Sale $1,195,000 -- $198 / Sq Ft
Source: Royal Gorge Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $400,000 None Available
Warranty Deed $400,000 Security Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $200,000 Commercial
Source: Public Records

Source: Royal Gorge Association of REALTORS®

MLS Number: 7848830

Royal Gorge Association of REALTORS®

APN: 000078002690

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