550 W Main St Cedaredge, CO 81413
Estimated payment $1,967/month
Highlights
- Accessory Dwelling Unit (ADU)
- Living Room with Fireplace
- Formal Dining Room
- RV or Boat Parking
- Ranch Style House
- 2-minute walk to Cedaredge Town Park
About This Home
Welcome to a turn-key income property in the heart of downtown Cedaredge, offering immediate cash flow and flexible living options. This fully leased property includes two residences, ideal for investors or owner-occupants seeking rental income. The primary home features 1,388 square feet with three bedrooms (one non-conforming), one bathroom, and a carport with attached storage. Recent updates include new flooring, an updated kitchen and bathroom, and modern fixtures throughout. A detached 384-square-foot studio ADU, built in 1995, includes its own kitchen, bathroom, and living space. Recent improvements include new flooring and a new water heater. Both units are currently leased, producing immediate income with a strong 6.50%+ cap rate. For owner-occupants, the layout offers an ideal house-hack or multi-generational living setup—live in one unit while offsetting your mortgage with rental income. Located within walking distance to Cedaredge City Park and downtown amenities, with easy access to the Grand Mesa for year-round recreation including hiking, fishing, cross-country skiing, and skiing at Powderhorn. A rare opportunity to own a low-maintenance, income-producing property in one of Delta County’s most desirable small-town settings.
Home Details
Home Type
- Single Family
Year Built
- Built in 1958 | Remodeled in 2023
Lot Details
- 6,098 Sq Ft Lot
- Partially Fenced Property
- Chain Link Fence
Home Design
- Ranch Style House
- Studio
- Metal Roof
- Vinyl Siding
- Siding
- Stick Built Home
Interior Spaces
- 1,388 Sq Ft Home
- Vinyl Clad Windows
- Living Room with Fireplace
- Formal Dining Room
- Crawl Space
Kitchen
- Eat-In Kitchen
- Oven or Range
- Microwave
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Bathroom
Parking
- 1 Carport Space
- RV or Boat Parking
Additional Homes
- Accessory Dwelling Unit (ADU)
Schools
- Cedaredge K-5 Elementary School
- Cedaredge 6-8 Middle School
- Cedaredge 9-12 High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Heating System Uses Wood
- Baseboard Heating
- Gas Water Heater
- Internet Available
Listing and Financial Details
- Assessor Parcel Number 319320320011
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 |
|---|---|---|---|---|
| 2025 | $1,043 | $15,096 | $2,813 | $12,283 |
| 2024 | $742 | $10,882 | $2,002 | $8,880 |
| 2023 | $742 | $10,882 | $2,002 | $8,880 |
| 2022 | $996 | $14,873 | $2,016 | $12,857 |
| 2021 | $1,064 | $16,404 | $2,074 | $14,330 |
| 2020 | $676 | $10,107 | $1,845 | $8,262 |
| 2019 | $337 | $10,107 | $1,845 | $8,262 |
| 2018 | $350 | $10,013 | $1,800 | $8,213 |
| 2017 | $350 | $10,013 | $1,800 | $8,213 |
| 2016 | $692 | $10,743 | $2,189 | $8,554 |
| 2014 | -- | $13,880 | $2,348 | $11,532 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/06/2026 05/06/26 | Price Changed | $347,400 | -0.7% | $250 / Sq Ft |
| 04/15/2026 04/15/26 | Price Changed | $349,900 | -5.4% | $252 / Sq Ft |
| 01/29/2026 01/29/26 | For Sale | $369,900 | -- | $266 / Sq Ft |
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 |
|---|---|---|---|
| Quit Claim Deed | $116,600 | None Available | |
| Deed | -- | None Available | |
| Deed | $97,000 | -- | |
| Deed | $75,000 | -- | |
| Deed | $42,000 | -- |
Source: Colorado Real Estate Network (CREN)
MLS Number: 831309
APN: R002709
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