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Off market
  • $420,600

    217 E 3rd St, Trinidad, CO 81082

    7beds
    5,800sqft
    MultiFamily
    Built in 1922
    -- sqft lot
    $420,600 Zestimate®
    $73/sqft
    $-- Estimated rent

    What's special

    Historic Multi-Family Property – Investor’s Dream! Don’t miss out on this incredible opportunity to own a piece of history with extremely high cash-flow potential! This charming, historic building is perfectly located just blocks from downtown, offering unbeatable proximity to amenities, restaurants, and entertainment. This property is an investor’s dream. Whether you’re looking to expand your portfolio or get started in the world of real estate, this multi-family gem offers endless potential for long-term gains. Key Features: • Prime Location: Just minutes from downtown. Surrounded by SF Housing. • Historic Charm: Beautiful Architecture. • Appraised at $325,000 as-is condition – substantial equity potential once renovated • 4 Total Units: 3 above-ground units have been consistently rented for the past 5 years. • Basement Unit: The 4th unit, located in the basement, is just waiting for the right investor to unlock its full potential. With a little sweat equity, this unit can be finished to add additional rental income and further increase the property’s value. • Investor’s Dream: Huge upside potential with room for improvements. • Double Lot: Includes 3 off-street parking spots and a Driveway. • Priced under Appraised value. Instant equity equity Day 1. Why This Property? • Steady income stream • Strong demand for rental properties in this prime location • Potential to Increase cash-flow by completing the basement rental unit and adding a laundry room. Unit Current Rental Market 4 Bedroom, 1.5 Bath: $1,350 2 Bedroom, 1 Bath: $1,150 1 Bedroom, 1 Bath: $950 Total: $3,400 2 Bedroom Basement Unit: $1,000 – Once Renovated The 4-bedroom and 1-bedroom units are currently being updated, with improvements underway to further increase the property’s value and rental potential. Once the renovations are finished, we plan to list the property through an agent and raise the price, making this an ideal time to invest before the market price increases. This rare opportunity won’t last long—schedule a viewing today and see why this historic building is the next big thing in your investment portfolio! Contact us today for more information or to arrange a showing. Act fast – this one’s a winner!

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Interior area
    • Total interior livable area: 5,800 sqft

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1922

    Community & neighborhood

    Location
    • Region: Trinidad
    Services availability
    Get pre-qualified for a loan
    At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.

    An equal housing lender. NMLS #10287.