20180 US Highway 50 Cotopaxi, CO 81223
Estimated payment $6,376/month
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.
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
Map
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 |
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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $400,000 | None Available | |
| Warranty Deed | $400,000 | Security Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $200,000 | Commercial |
Source: Royal Gorge Association of REALTORS®
MLS Number: 7848830
APN: 000078002690
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Ask me questions while you tour the home.