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Ashley Blackmore

ashley@homesforsaledurango.com +1(970) 903-7477

$1,695,000

Est. payment - /mo

5 Beds

5 Baths

3,408 SqFt

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Key Details

Property Type Single Family Home

Sub Type Stick Built

Listing Status Active

Purchase Type For Sale

Square Footage 3,408 sqft

Price per Sqft $497

MLS Listing ID 836067

Style Victorian

Bedrooms 5

Full Baths 5

Year Built 1888

Tax Year 2025

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type Stick Built

Property Description

Location! Location! Location! Exceptional investment opportunity in the heart of beautiful Ouray, Colorado, otherwise known as the Switzerland of America, situated directly on Main Street and within easy walking distance to restaurants, shops, hot springs, hiking trails, world renowned Via Ferrata and Ice Climbing Park and all the attractions that make Ouray one of Colorado's most desirable mountain destinations. Originally built in 1888 and thoughtfully remodeled from top to bottom in 2019, this historic property seamlessly blends timeless character with modern comfort and convenience. The building features five separate turnkey 1-bedroom, 1-bath apartments, each equipped with a full kitchen and furnished for immediate operation. Current reservations and future bookings can transfer to the new owner, providing instant income potential from day one. Guests enjoy one of the "best seats in the house" from the expansive upper balcony, offering spectacular views of Ouray's renowned July 4th and New Year's Eve fireworks shows, along with breathtaking mountain scenery year-round. This property is truly an Investor's Dream, offering strong performance and attractive returns with a 6.6% CAP Rate and priced to sell. Additional features include a detached two-car garage with a large storage area above, plus abundant off-street guest parking behind the building. A significant advantage is that the property is not subject to City of Ouray short-term rental permit requirements, STR taxes, or related operational guidelines due to its zoning and tax classification, creating a rare and valuable opportunity in a market with increasing STR regulations. Whether you're seeking a proven income-producing asset, a legacy investment, or a premier hospitality property in one of Colorado's most picturesque mountain towns, this exceptional Main Street offering delivers location, income, flexibility, and historic charm in one remarkable package.

Location

State CO

County Ouray

Area Ouray City

Zoning Commercial

Rooms

Basement Basement-walk out

Interior

Interior Features All Furnishings

Heating Boiler

Furnishings Furnished

Exterior

Exterior Feature Balcony, Deck

Parking Features Detached Garage

Garage Spaces 4.0

Utilities Available Electric, Internet, Natural Gas, Phone - Cell Reception

View Mountains

Roof Type Asphalt

Building

Story Two Story

Foundation Basement-walk out

Sewer Public Sewer

Water City Water

New Construction No

Schools

Elementary Schools Ouray K-6

Middle Schools Ouray 7-8

High Schools Ouray 9-12

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Colorado Real Estate Network (CREN) + Sold

Listed by Wild West Realty, LLC

Nearby Locations

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Ashley Blackmore

+1(970) 903-7477

ashley@homesforsaledurango.com

232 Main Street Ouray, CO 81427

Ashley Blackmore

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby Locations

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232 Main Street

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