317 E 4th Street # A Salida, CO $ 1,500,000
317 E 4th Street # A
$ 1,500,000
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317 E 4th Street # A

Salida, CO, 81201
$ 1,500,000
Bedrooms-- Baths-- Sq 5,596

Monthly Estimate*

$ 9,358

Listed by First Colorado Land Office, Inc.
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Commercial Property for sale in Salida, CO

for $1,500,000. This 5,596 square foot building was built in 1920 on a lot size of 0.11.

Here is a great rental property investment opportunity in downtown Salida! The Historic, brick, 6 plex on Fourth Street houses (4) studio apartments and (2) 2 bedroom apartments, all with 1 bath. The detached Bungalow on the alley has 3 bedrooms, with a bonus room, 1 bath, and an attached carport. Shared yard with a storage building in between the buildings. All units include range and refrigerator. The units vary in floor plan and degree of recent updates. South facing windows provide good natural lighting. Sellers pay gas, trash, and water, tenants pay electric. Nice, peaceful, residential neighborhood location only a block from Alpine Park and 3 blocks from Historic Downtown Salida. Rents have been reasonably maintained to accommodate many long term tenants. Income, Cap Rate, and status of occupied units may change by time of a purchase contract. These properties don't become available often in Salida. Make it yours today!

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Commercial Active

Price

$ 1,500,000

Property Type

Commercial

Taxes

$ 2,812

Style

Bungalow,Traditional

Lot Size

0.11

Year Built

1920

Town/City

Salida

County/Region

Chaffee

MLS | Web ID

6954970

Features
General
Sewer Public Sewer
Utilities Cable Available Electricity Connected Internet Access (Wired) Natural Gas Connected Phone Connected Sewer Connected
Possession Negotiable
Roof Membrane Metal
Zoning R4
Garage Spaces 0
Architectural Style Bungalow Traditional
Construction Materials Brick Frame
Exclusions Owner's and tenant's personal property.
Year Built 1920
Electric 110V 220 Volts
Tenant Pays Cable TV Electricity Internet Telephone
Stories Count 2
Unit Number A
Property Subtype Multi Family
Tax Year 2023
Current Use Residential
Gross Income 70900
Building Name Sand Lake Apartments
County Chaffee
Operating Expense 25144
Property Type Commercial Sale
Attached Garage N
Status Active
Directions 4th Street just east of D Street.
City Salida
Number Of Units Total 7
Lot Size Units Square Feet
Lot Size Square Feet 4688
Carport Spaces 2
Listing Terms Cash Conventional
Tax Annual Amount 2812
Lease Considered Y/N N
Structure Type Low Rise (1-3)
Standard Status Active
Occupancy Type Tenant
Cap Rate 3.5
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Exterior
Parking Features Concrete
Water Source Public
Total Parking 2
Lot Size Area 4688
Building Area Total 5596
Lot Size Acres 0.11
Road Surface Type Paved
Road Frontage Type Public
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 317
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* Excluded Features
List By
First Colorado Land Office, Inc.

Broker

(719) 221-1642

Phone

Affordability Calculator

$9,592
Per Month
98%
2%
0%
Monthly Principal & Interest
$9,358
Monthly Property Taxes
$234
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/17/2025$1,500,000 -6.25% Price Down
2/20/2025$1,600,000 Listed Price

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317 E 4th Street # A, Salida, CO, 81201 is a Commercial Property for sale at $1,500,000 with 5,596 sqft and a lot size of 0.11. 317 E 4th Street # A was built in 1920. The property's zip code is 81201 which is in Salida, CO