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Main St Manor & State Street Village 2 Multifamily Properties Offered at $5,300,000 in Trinidad, CO
Investment Highlights
- Supply-Constrained Market with Virtually Zero New Multifamily Competition
- Durable Workforce Demand Anchored by Hospital, College, and Government Employers
- Value-Add NOI Upside Through Management Optimization and Leasing Discipline
- Meaningful Portfolio Scale Offering Operating Leverage Rare in Trinidad
- Naturally Affordable Rents Insulate Against Downside and Support Stable Collections
Executive Summary
MMG is pleased to present the Main Street Manor & State Street Village Portfolio, a rare opportunity to acquire meaningful multifamily scale in one of Colorado’s most supply-constrained rental markets. Located in Trinidad, CO, the portfolio benefits from a stable, institutionally anchored workforce — including Mt. San Rafael Hospital, Trinidad State College, and local government — that drives consistent, year-round renter demand. With virtually no new multifamily competition entering the market and naturally affordable rents well below Front Range averages, the portfolio offers a durable occupancy floor and built-in downside protection. Concentrated ownership across multiple assets delivers operating leverage rarely available to buyers in smaller Colorado communities, with immediate expense efficiencies achievable from day one. For an operationally focused buyer, near-term NOI growth is available through leasing discipline, turnover efficiency, and expense optimization — underpinned by a supply-constrained market that structurally supports rent growth over a 3–5-year hold.
Data Room Click Here to Access
- Offering Memorandum
Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $5,300,000 | Number of Properties | 2 |
| Price / SF | $112.38 / SF | Individually For Sale | 0 |
| Cap Rate | 7.73% | Total Building Size | 47,163 SF |
| Sale Type | Investment | Total Land Area | 1.43 AC |
| Status | Active |
| Price | $5,300,000 |
| Price / SF | $112.38 / SF |
| Cap Rate | 7.73% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 47,163 SF |
| Total Land Area | 1.43 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
State Street Village
500 State St, Trinidad, CO 81082 |
Multifamily | 31,475 SF | 1966 | - |
|
Main St. Manor
601 E Main St, Trinidad, CO 81082 |
Multifamily | 15,688 SF | 1948 | - |
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