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148 W Park & 7362-7364 US Hwy 2 Multifamily Properties Offered at $2,650,000 in Empire, CO
Investment Highlights
- Two complementary income properties in Empire, CO — stabilized multifamily paired with a value-add MHC
- Below-market rents on both properties — clear path to revenue growth on renewal
- Opportunity to acquire scale in a competitive mountain housing market
- 28 units across apartments, RV/MH sites, cabins, and a single-family home
- 7 vacant RV sites at Clear Creek Cabins represent $84,000+ in unrealized annual income at market rents
- Portfolio or Individual Sale Flexibility
Executive Summary
Pinnacle Real Estate Advisors has been chosen to market this rare opportunity to acquire a diversified residential income portfolio in Empire, Colorado — one of the state’s most charming and supply-constrained mountain communities. Comprised of two income-producing properties situated along the US Highway 40 corridor, the portfolio offers a compelling mix of apartment units, RV and MH accommodations, cabin-style rentals, and a single-family home, providing an incoming owner with multiple revenue streams and a clear path to revenue growth.
Both properties benefit from Empire’s exceptional location along Colorado’s I-70 mountain corridor. Situated less than one hour from Denver and within convenient proximity to major ski and recreation destinations including Vail, Beaver Creek, Breckenridge, and Winter Park. The surrounding workforce housing market remains severely supply-constrained and drives consistent demand from local employers, resort operators, and service industry workers throughout Clear Creek County.
The portfolio presents an investor with the opportunity to acquire a stabilized multifamily asset alongside a compelling value-add play, each supported by documented in-place income and below-market rents. Together, the properties offer immediate cash flow, meaningful upside through lease-up and mark-to-market rent increases, and the operational simplicity of managing two complementary assets within the same community.
Both properties benefit from Empire’s exceptional location along Colorado’s I-70 mountain corridor. Situated less than one hour from Denver and within convenient proximity to major ski and recreation destinations including Vail, Beaver Creek, Breckenridge, and Winter Park. The surrounding workforce housing market remains severely supply-constrained and drives consistent demand from local employers, resort operators, and service industry workers throughout Clear Creek County.
The portfolio presents an investor with the opportunity to acquire a stabilized multifamily asset alongside a compelling value-add play, each supported by documented in-place income and below-market rents. Together, the properties offer immediate cash flow, meaningful upside through lease-up and mark-to-market rent increases, and the operational simplicity of managing two complementary assets within the same community.
Property Facts
| Price | $2,650,000 | Number of Properties | 2 |
| Price / SF | $651.43 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 4,068 SF |
| Status | Active | Total Land Area | 14.38 AC |
| Price | $2,650,000 |
| Price / SF | $651.43 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 4,068 SF |
| Total Land Area | 14.38 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Clear Creek Cabins
7364 US 40, Empire, CO 80438 |
Multifamily | 3,140 SF | 1935 | - |
| 148 W Park Ave, Empire, CO 80438 | Multifamily | 928 SF | 1890 | - |
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David Barocas -
Andrew Monette -
Corey Sandberg -
Morgan Wheeler -
Pinnacle Real Estate Advisors
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148 W Park & 7362-7364 US Hwy
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