Log In/Sign Up
Your email has been sent.
DOWNTOWN OURAY TRIPLEX! IMMEDIATE CASH FLOW $ 115 / 117 / 119 7th Ave 3 Unit Apartment Building $2,400,000 ($800,000/Unit) Ouray, CO 81427
INVESTMENT HIGHLIGHTS
- Move-in ready TRIPLEX on a big corner lot in downtown Ouray with flexible use and rental options
- Two 3 bedroom units (up/down duplex) PLUS a historic stand-alone cottage with tons of character
- Current primary use of the triplex is Short-Term Rental -- approx. $110k in gross rental revenue in 2024 and $130k in 2023
- Avoid expensive and lengthy new construction -- start enjoying and earning rental income immediately
EXECUTIVE SUMMARY
Exceptional Investment Opportunity in the Heart of Ouray
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.
Mission Rock Triplex is composed of TWO spacious 3 bedroom / 2 bathroom units 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. At over 2000 livable square feet, the street level 3-bedroom is larger than many houses in town. Flexible use scenarios exist for the new owner -- sell off individual units, rent the units in a variety of configurations, or keep the whole thing for private use. Today all 3 units are active Short-Term Rentals with actual rental histories on file.
The gated 88' x 100' corner lot is just steps from Ouray’s historic Main Street, offering easy access to shops, dining, and year-round attractions.
Explore the interiors via the virtual tour at www.missionrockouray.com.
With three active Short-Term Rental Licenses issued by the City of Ouray, the property presents multiple income-generating scenarios: sell off individual units, rent each unit individually, combine them for group bookings...or just keep and enjoy the entire compound as a private retreat. Gross rental income totaled approximately $130,000 in 2023 and $110,000 in 2024.
Offered at an attractive $560 per finished square foot—this is a rare chance to own a flexible, income-producing asset in one of Colorado’s most iconic mountain towns. Call me with questions or to visit Mission Rock in person.
Visit www.missionrockouray.com to view a virtual tour of the interiors.
Thank you,
--Jay
Jason K. Raible
LIV Sotheby's International Realty / Telluride
970-729-0720
jay@telluride-colorado.com
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.
Mission Rock Triplex is composed of TWO spacious 3 bedroom / 2 bathroom units 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. At over 2000 livable square feet, the street level 3-bedroom is larger than many houses in town. Flexible use scenarios exist for the new owner -- sell off individual units, rent the units in a variety of configurations, or keep the whole thing for private use. Today all 3 units are active Short-Term Rentals with actual rental histories on file.
The gated 88' x 100' corner lot is just steps from Ouray’s historic Main Street, offering easy access to shops, dining, and year-round attractions.
Explore the interiors via the virtual tour at www.missionrockouray.com.
With three active Short-Term Rental Licenses issued by the City of Ouray, the property presents multiple income-generating scenarios: sell off individual units, rent each unit individually, combine them for group bookings...or just keep and enjoy the entire compound as a private retreat. Gross rental income totaled approximately $130,000 in 2023 and $110,000 in 2024.
Offered at an attractive $560 per finished square foot—this is a rare chance to own a flexible, income-producing asset in one of Colorado’s most iconic mountain towns. Call me with questions or to visit Mission Rock in person.
Visit www.missionrockouray.com to view a virtual tour of the interiors.
Thank you,
--Jay
Jason K. Raible
LIV Sotheby's International Realty / Telluride
970-729-0720
jay@telluride-colorado.com
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$110,000
|
$22.34
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$110,000
|
$22.34
|
| Taxes |
$7,285
|
$1.48
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$7,285
|
$1.48
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $110,000 |
| Annual Per SF | $22.34 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $110,000 |
| Annual Per SF | $22.34 |
| Taxes | |
|---|---|
| Annual | $7,285 |
| Annual Per SF | $1.48 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $7,285 |
| Annual Per SF | $1.48 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Fireplace
- Washer/Dryer
- Vaulted Ceiling
- Views
- Deck
- Mother-in-law Unit
- Patio
- Large Bedrooms
SITE AMENITIES
- Courtyard
- Fenced Lot
- Laundry Facilities
- Furnished Units Available
- Guest Apartment
- Vintage Building
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 7+5 | 3 | - | 4,285 |
1 1
1 of 18
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
DOWNTOWN OURAY TRIPLEX! IMMEDIATE CASH FLOW $ | 115 / 117 / 119 7th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.