Eagles Nest Apartments 1041 W 24th St 30 Unit Apartment Building $2,400,000 ($80,000/Unit) Rifle, CO 81650

Eagle's Nest Apartments is a 30-unit workforce housing community located at 1041 W.? 24th Street in Rifle, Colorado, one of the last affordable residential markets along the I-70 corridor and a critical provider of workforce housing in the area.? Situated on approximately 6.14 acres and developed between 2000 and 2006, the property offers a well-balanced mix of 8 one-bedroom units averaging 689 square feet, 13 two-bedroom units averaging 867 square feet, and 9 three-bedroom units averaging 1,148 square feet.? The community serves a broad tenant base of local workers and families seeking quality housing at a price point significantly below nearby mountain and resort-oriented markets, and the larger average unit sizes and family-oriented floorplans position the asset favorably within the local market, where demand for attainable housing continues to outpace supply.?
Rifle has emerged as one of Western Colorado's most attractive workforce housing markets, benefiting from its strategic location along Interstate 70 and its accessibility to major employment centers throughout Garfield County and the broader Western Slope.? The city serves as an affordable alternative to higher-cost communities in the Roaring Fork Valley, including Aspen, Snowmass Village, Basalt, and Carbondale, where housing affordability challenges continue to push residents and workers farther west in search of attainable housing options.?
The local economy is supported by a diverse employment base spanning energy, healthcare, education, government services, manufacturing, transportation, and construction.? In addition, Rifle benefits from its proximity to major regional employers throughout Garfield County, including those located in Glenwood Springs, Silt, Parachute, and the Roaring Fork Valley.? As housing costs in nearby resort-oriented communities continue to rise, Rifle has increasingly become a bedroom community for workers seeking more affordable living options while maintaining access to employment opportunities across the region.?
From an investment perspective, Eagle's Nest presents an opportunity to acquire a stabilized workforce housing asset in a market characterized by strong affordability advantages and limited new supply.? Rifle remains one of the last truly attainable housing markets along the I-70 corridor, with average home sale prices substantially below those found in neighboring mountain communities.? This affordability differential continues to support renter demand and household formation, creating durable occupancy fundamentals and long-term rent growth potential.?