The first 5 units are soon to be completed. Unit 1 is completed, and the other 4 units are near completion. This purchase price includes another 16.65-acre parcel {451530300017} intended for future development. All of the utilities are in and ready for further development. This property has a city-approved site plan for 13 additional units. Plans and engineering are included The units are 3-bedroom, 2 1/2-bath with in-floor radiant heat and mini-splits for heating and cooling. The 2-car garage is oversized. Owner may provide financing. Future development has numerous options with C-2 Zoning.
Exceptional investment opportunity that has it all: LOCATION, CAP RATE of 7%, and EXEMPTION from City's STR rules/guidelines/STR taxes - all due to its zoning! Situated on Main St in the heart of beautiful Ouray Colorado, otherwise known as the Switzerland of America, this turn key property has 5 separate fully remodeled 1 bedroom, 1 bath apartments. Currently being operated as an STR with an attractive return on investment , the property also has the opportunity to be long term rentals or a residence. With its expansive upper balcony, it boasts some of the "best seats in the house" for magical mountain views and the renowned City of Ouray's fireworks shows on July 4th and NYE. All current bookings can transfer with a sale, providing a new owner with income from Day 1. Come explore this one of a kind opportunity!
INVESTMENT OPPORTUNITY! Fantastic in-town duplex in picturesque Ouray, Colorado. Located on a large lot and offering 2 bedrooms and 2 bathrooms in each unit, large front porches, laundry rooms, as well as generous parking and incredible views. Unit 131 features a tastefully updated kitchen and bathrooms as well as a spacious living room with ample light coming in the large windows. Live on one side and rent out the other or rent out both units. Due to the current zoning and the size of this lot, it should be large enough to add a third unit - buyer to verify this information with the City of Ouray as part of their due diligence. Ouray is a one of a kind mountain town and the perfect basecamp for all of your outdoor adventures year round.
Rare residential Triplex in the heart of beautiful downtown Ouray, Colorado. Three Residences. One extraordinary gated compound. Immediate cash flow with proven rental income, strong appreciation potential in downtown Ouray, and multiple exit strategies for investors. $116k gross short-term rental revenue in 2025. Mission Rock Triplex is composed of TWO spacious 3 bedroom / 2 bathroom units in an up/down duplex format, PLUS a charming historic (c.1900) free-standing Cottage. The upper 3-bedroom has vaulted ceilings and south facing windows and deck looking at Mt. Abrams. Outside of the office loft, all livable square footage is on one level. At over 2000 livable square feet, the street level 3-bedroom is larger than many houses in town. All livable square footage is on one level, Flexible use scenarios exist for the new owner. Sell off individual units and charge those owners HOA dues. Rent the units (short or long term) in a variety of configurations. Estate plan to deed individual units to family members. Or keep the whole thing for private use. Today all 3 units are active Short-Term Rentals with STR Licenses from the City of Ouray with actual rental histories on file -- inquire for details with Broker. The Mission Rock is a complete renovation and historic adaption of one of Ouray's early single-family homes with appurtenant guest house. The original stone walls of the house and the guest house are in use today. The up/down duplex could be refashioned into a 6 bedroom / 4 bathroom single-family house of over 3500 livable square feet. 117 7th Avenue is street-level 3 bed / 2 bath / 2070 s.f. livable with a welcoming west facing porch. 119 7th Avenue is upper-level vaulted ceiling 3 bed / 2 bath / 1 office loft with a deck / 1454 s.f. livable. 115 7th Avenue is the historic 1 bed / 1 bath / 1 loft / 761 s.f. livable Cottage. Premier gated 8200 s.f. corner lot with stone walls. Call/text/email today to learn more about Mission Rock.
Ouray is located in Colorado. Ouray, Colorado has a population of 1,009. Ouray is more family-centric than the surrounding county with 21.53% of the households containing married families with children. The county average for households married with children is 21.16%.
The median household income in Ouray, Colorado is $65,647. The median household income for the surrounding county is $67,228 compared to the national median of $69,021. The median age of people living in Ouray is 49.2 years.
The average high temperature in July is 77.4 degrees, with an average low temperature in January of 12.3 degrees. The average rainfall is approximately 24.3 inches per year, with 133.6 inches of snow per year.
