$1,099,000
$101K PRICE DROP

501 Aspen Ave Estes Park, CO 80517

Estimated payment $6,164/month

Total Views 31,385
8 Beds
8 Baths
2,560 Sq Ft
$429 Price per Sq Ft

Highlights

  • 1.31 Acre Lot
  • No HOA
  • Patio
  • Mountain View
  • Eat-In Kitchen
  • Zoned Heating

About This Home

Investment property featuring 8 rental units, each offering 325 sq. ft. of living space with an additional 6x5 personal storage unit for every tenant. Each unit comes with utilities included, providing added convenience and appeal to tenants. The property has a detached storage building for tenant use and ample on-site parking. Located within walking distance to downtown and the local hospital, this property offers tenants easy access to key amenities and services. With its desirable location, this property presents an opportunity for investors seeking steady rental income with potential for growth.

Listing Agent

Kirk Fisher

RE/MAX Mountain Brokers Listed on: 10/23/2024

Co-Listing Agent

Bianca Bismark

RE/MAX Mountain Brokers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,318

Year Built

  • Built in 1910

Lot Details

  • 1.31 Acre Lot

Parking

  • 9 Parking Spaces

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,560 Sq Ft Home
  • 2-Story Property
  • Mountain Views

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Gas and Electric Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Patio
  • Outdoor Storage

Schools

  • Estes Park Elementary And Middle School
  • Estes Park High School

Utilities

  • Zoned Heating
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number R0522015

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • Country Club Manor Add Subdivision

Building Details

  • Gross Income $92,720
  • Net Operating Income $71,763

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,318

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Inclusions: Electric Range/Oven
  • Year Built: 1910
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 1.31
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Co List Office Mls Id: 0RMTN
  • Subdivision Name: COUNTRY CLUB MANOR ADD
  • Directions: From Hwy 7 turn onto Stanley Avenue, turn onto Aspen Avenue. Property is on the right side of the street.
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2560
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family, Commercial or Industrial
  • Private Spa: No
  • Appliances: Electric Range/Oven
  • Has Basement: None
  • Total Bedrooms: 8
  • Interior Amenities: Eat-in Kitchen

Exterior Features

  • Roof: Composition
  • View: Mountain(s)
  • View: Yes
  • Waterfront: No
  • Disclosures: Seller's Property Disclosure
  • Home Warranty: No
  • Construction Type: Wood/Frame
  • Other Structures: Storage
  • Patio And Porch Features: Patio
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Total Parking Spaces: 9

Utilities

  • Electric: Electric, Estes Park
  • Heating: Hot Water, Baseboard, Zoned
  • Utilities: Natural Gas Available, Electricity Available
  • Heating Yn: Yes
  • Electricity On Property: No
  • Sewer: District Sewer
  • Water Source: City Water, Estes Park
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Estes Park
  • HighSchool: Estes Park
  • Junior High Dist: Estes Park District
  • Middle Or Junior School: Estes Park

Lot Info

  • Zoning: RM
  • Land Lease Amount Frequency: Other--See Remarks
  • Lot Size Sq Ft: 57064
  • Parcel #: R0522015
  • Irrigation Water Rights: No

Rental Info

  • Tenant Pays: Deposit

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4317.58

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 92720
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 20956.58

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2025 05/12/25 Price Changed $1,099,000 -8.4% $429 / Sq Ft
10/23/2024 10/23/24 For Sale $1,200,000 -- $469 / Sq Ft
Source: IRES MLS

About the Listing Agent

Kirk Fisher
Kirk Fisher

RE/MAX Mountain Brokers

(970) 450-5185

Section Image

Kirk Fisher, a dedicated real estate professional, was born and raised in Iowa. He pursued higher education at Minnesota State University, where he earned a Bachelor of Science in Earth Science with a minor in Geology. His passion for nature and the outdoors led him to spend two summers working in Estes Park, Colorado during his college years. These experiences fostered a deep connection with the area, and immediately after graduation, Kirk made Estes Park his permanent home. Since 1995, Kirk

View Kirk's Profile

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Source: IRES MLS

MLS Number: 1021116

IRES MLS

APN: 25303-16-025

Colorado Larimer County Estes Park 80517

501 Aspen Ave, Estes Park, CO

This home is located at 501 Aspen Ave, Estes Park, CO 80517 and is currently priced at $1,099,000, approximately $429 per square foot. This property was built in 1910. 501 Aspen Ave is a home located in Larimer County with nearby schools including Estes Park K-5 School, Estes Park Options School, and Estes Park Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IRES MLS Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.

Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed by the MLS.

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Kirk Fisher
Kirk Fisher
Listing Agent Section Image
RE/MAX Mountain Brokers
(970) 450-5185