$825,000
$40K PRICE DROP

518 E Georgia Ave Gunnison, CO 81230

Estimated payment $4,559/month

Total Views 20,128
6 Beds
5 Baths
3,841 Sq Ft
$215 Price per Sq Ft

Highlights

  • Deck
  • Wood Flooring
  • Corner Lot
  • Living Room with Fireplace
  • Victorian Architecture
  • 2-minute walk to Jorgenson Park

About This Home

This home is located at 518 E Georgia Ave, Gunnison, CO 81230 and is currently priced at $825,000, approximately $214 per square foot. This property was built in 1888. 518 E Georgia Ave is a home located in Gunnison County with nearby schools including Gunnison Elementary School, Gunnison Middle School, and Crested Butte Community School.

Listing Agent

Brian Cooper

Bluebird Real Estate, LLC Listed on: 10/08/2025

Co-Listing Agent

Christine Mitchell

Bluebird Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,910

Year Built

  • Built in 1888

Lot Details

  • 10,454 Sq Ft Lot
  • Privacy Fence
  • Fenced
  • Landscaped
  • Corner Lot
  • Sprinkler System

Home Design

  • Victorian Architecture
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 3,841 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Non-Functioning Fireplace
  • Window Treatments
  • Living Room with Fireplace
  • Unfinished Basement

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Linoleum

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking
  • 2 - 10 Parking Spaces

Outdoor Features

  • Deck
  • Shed

Schools

  • Gunnison 1-5 Elementary School
  • Gunnison 6-8 Middle School
  • Gunnison High 9-12

Utilities

  • Vented Exhaust Fan

Listing and Financial Details

  • Assessor Parcel Number 370136407004

Community Details

Overview

  • 5 Units
  • Boutcher's Addition Subdivision

Building Details

  • 5 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,910

Year Built

Built in 1888

Lot Details

10,454 Sq Ft Lot

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator, Dishwasher, Washer, Dryer, Disposal, Microwave, Exhaust Fan
  • Estimated Total Acres: 0.24
  • Class: Multifamily
  • Em Deposit: 20,000
  • Em Holder: Title Company
  • Exterior Inclusions: Shed/Storage, Landscaped, Fence, Deck, Lawn Sprinklers
  • Interior Inclusions: Window Coverings, Ceiling Fan(s), W/D Hookup
  • Legal Lot Block: LOTS 12-14, BLOCK 39, BOUTCHER'S ADDITION TO GUNNISON
  • Lot Size Acreage: Less than 1/2
  • Parcel Id Number: 370136407004
  • Price Per Sq Ft: 214.79
  • Property Description: Corner
  • Residence Stories: Two Story, Three Story, Finished Attic
  • Residence Style: Victorian
  • Sale/Rent: For Sale
  • Siding: Wood
  • Street Descriptionaccess: City/Town, Paved
  • Street Designation: Avenue
  • Tax Account Id: R001892
  • Zoning: Residential
  • Domestic Water Sewer: City Water, City Sewer
  • Fireplace Type Location: Non functional, Living Room
  • Heating Fuelsystem: Hot Water Baseboard, Electric Baseboard, Boiler
  • Landlord Pays: Building Insurance, Real Estate Taxes, Interior Maintenance, Ext Maintenance (Bldg), Site Maintenance (Prop), Common Area Maintenance, Electric, Gas, Water/Sewer, Trash, Snow Removal
  • Metered: Metered for Gas, Metered for Electricity, Metered for Water
  • Multi Story: Yes
  • Total Number Electric Meters: 5
  • Total Number Gas Meters: 3
  • Total Number Water Meters: 1
  • Type: Fiveplex
  • Access: Year Round
  • Total Taxes Dollar: 1,910
  • Year Built: 1888
  • Prop Description Remarks: Welcome to this historic Victorian gem nestled on a generous corner lot adjacent to the picturesque campus of Western Colorado University. This stately residence, proudly facing E Georgia Avenue, is a quintessential Gunnison Victorian, showcasing its timeless elegance and remarkable architecture. Well cared for, it has served as a successful multi-family rental property, boasting a strong rental history and remarkable tenant retention. Spanning three distinct levels, the main house features three individual units, each offering a unique living experience. Should you desire, this property can effortlessly transition into a magnificent primary residence. Outside, you'll find the beauty of mature trees shading the landscape, complemented by an efficient in-ground irrigation system to maintain its lush allure. An elevated deck, complete with finished and heated office or studio space, stands separate from the main house, offering a serene retreat for work or leisure. Convenience and functionality are at the forefront with an attached one-car garage, providing direct access to the main floor one-bedroom residence. This unit showcases a spacious kitchen, inviting living room, and a comfortable primary bedroom, all graced by high ceilings and historic custom woodwork that exude character and charm. A shared entryway and staircase beckons you to explore further, leading to the second-floor two-bedroom unit, followed by a third-floor one-bedroom rental unit. This diversified layout caters to a variety of rental options, making it a versatile investment opportunity. Adjacent to the alley and bordering Western’s campus housing, you'll discover a duplex, offering top and bottom units, along with an attached storage shed and basement access. The exterior of the duplex has been enhanced with new siding and insulation, ensuring year-round comfort. Ample off street parking and storage sheds to provide for the five separate units. This distinguished property stands as a testament to exquisite craftsmanship, featuring handcrafted woodwork and large windows that flood each unit with natural light. The unbeatable location, coupled with in-town living and proximity to the campus, makes it an exceptional investment opportunity in Gunnison. For those seeking more in-depth information, detailed apartment layouts, and financial insights, please do not hesitate to reach out. Experience the charm and grace of this historic Victorian home, where modern living meets timeless elegance.
  • Subdv Name: Boutcher's Addition
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Dining Room: Eat-in Kitchen, Breakfast Nook
  • Flooring: Carpet, Wood, Linoleum
  • Estimated Total Sq Ft: 3841
  • Full Bathrooms: 4
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 1
  • Total Bathrooms: 5
  • Foundation: Basement-below grade, Basement-unfinished
  • Total Office Den: 0

Exterior Features

  • Fence: Privacy
  • Roof: Metal

Garage/Parking

  • Garage Type: Attached Garage
  • Garage: Yes
  • Parking Spaces: 8
  • Garage Capacity: 1
  • Parking: Off Street, On Street, Gravel, Paved, 2-10 Total Spaces

Utilities

  • Electric Supplier: City of Gunnison
  • Gas Supplier: Atmos Energy
  • Sewer Supplier: City of Gunnison
  • Water Supplier: City of Gunnison

Schools

  • High School: Gunnison High 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Multi Family

  • No. of Units: 5

Tax Info

  • Tax Year: 2025

MLS Schools

  • Elementary School: Gunnison 1-5
  • Middle School: Gunnison 6-8

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2025 $3,626 $65,700 $19,070 $46,630
2024 $3,626 $60,240 $20,810 $39,430
2023 $2,993 $56,560 $19,540 $37,020
2022 $2,908 $47,840 $10,170 $37,670
2021 $2,211 $41,840 $10,460 $31,380
2020 $1,716 $30,480 $8,790 $21,690
2019 $1,678 $30,480 $8,790 $21,690
2018 $1,788 $31,680 $6,160 $25,520
2017 $1,810 $31,680 $6,160 $25,520
2016 $2,127 $37,520 $4,310 $33,210
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2026 03/31/26 Price Changed $825,000 -4.6% $215 / Sq Ft
10/08/2025 10/08/25 For Sale $865,000 -- $225 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Warranty Deed $437,500 None Available
Deed $260,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Closed $210,000 Seller Take Back
Source: Public Records

Source: Colorado Real Estate Network (CREN)

MLS Number: 829112

Colorado Real Estate Network (CREN)

APN: R001892

Colorado Gunnison County Gunnison 81230

518 E Georgia Ave, Gunnison, CO

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.

Colorado Real Estate Network (CREN) IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.

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Brian Cooper
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Bluebird Real Estate, LLC
(970) 500-3462
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