550 Castello Avenue Fairplay, CO ^$ 1,400,000

550 Castello Avenue

^$ 1,400,000

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Recently Listed

550 Castello Avenue

Fairplay, CO, 80440

^$ 1,400,000

Bedrooms13 Baths6.1 Sq 5,302

Monthly Estimate*

^$ 8,840

Listed by Paffrath & Thomas Real Estate

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Single Family Home for sale in Fairplay, CO

for $1,400,000 with 13 bedrooms and 6 full baths, 1 half bath. This 5,302 square foot home was built in 1912 on a lot size of 0.34.

Exceptional investment opportunity in the heart of Fairplay! This fully remodeled, turn-key five-unit apartment style building offers immediate income potential in one of Colorado's fastest-growing mountain communities. Rich in local history, 550 Castello Avenue has been extensively renovated over the past several years, blending historic character with modern updates to create an attractive, low-maintenance asset. The property encompasses more than 5,300 square feet and features five spacious apartments totaling 13 bedrooms. Every unit has been thoughtfully updated with new kitchens, remodeled bathrooms, updated flooring, fresh interior paint, modern lighting, new water heaters, and numerous additional improvements. A new roof further enhances the property's long-term value, allowing investors to focus on generating income rather than deferred maintenance. Ideally situated just two blocks from Highway 9 and only 22 miles from world-renowned Breckenridge Resort, the location offers year-round rental demand driven by recreation, tourism, and the growing local workforce. Additional amenities include a common-area laundry room, abundant off-street parking with a wraparound driveway, an unfinished basement providing additional storage or future potential, and an on-site dumpster. Unit 1 offers 3 bedrooms, 1 bathroom, a dining room, mudroom, and ground-level access. Unit 2 features 4 bedrooms, 1¾ bathrooms, and an upper-level deck. Unit 3 includes 2 bedrooms, 1½ bathrooms, an office, and ground-level access. Unit 4 offers 2 bedrooms, 1 bathroom, a dining area, and an upper-level deck. Unit 5 features 2 bedrooms, 1 bathroom, a mudroom, walk-in pantry, walk-in closet, unfinished basement access, and ground-level entry. Whether you're expanding your portfolio or seeking a high-performing mountain investment, this rare multi-family opportunity is ready to produce income from day one. See attached floor plans and Matterport tours for additional details.

Single Family Active

Price

^$ 1,400,000

Bedrooms

Full Bath

Half Bath

Property Type

Single Family

Taxes

^$ 3,241

Style

Quadruplex

Lot Size

0.34

Year Built

1912

Town/City

Fairplay

County/Region

Park

MLS | Web ID

3747128

Features

Interior

Interior Amenities Ceiling Fan(s)

Basement Finished

Flooring Carpet Tile Vinyl

Furnished Y/N Unfurnished

Basement (Y/N) Y

Above Grade Finished Area 4543

Half Baths 1

1/4 Baths 0

3/4 Baths 1

Laundry Features Common Area

Total Bedrooms 13

Below Grade Finished Area 759

Main Level Bedrooms 7

Main Level Bathrooms 4

Total Baths 7

General

Sewer Public Sewer

Heating Forced Air Natural Gas

Cooling None

Utilities Cable Available Electricity Connected Natural Gas Connected

Roof Shingle

Appliances Dishwasher Dryer Gas Water Heater Microwave Range Refrigerator Washer

Garage Spaces 0

Patio/Porch Features Deck

Security Features Carbon Monoxide Detector(s) Smoke Detector(s)

Construction Materials Stucco

Exclusions Personal Property belonging to tenants.

Year Built 1912

Electric 110V 220 Volts

View City Mountain(s)

Levels Two

Property Subtype Single Family Residence

Tax Year 2025

Ownership Corporation/Trust

County Park

Property Type Residential

HOA N

Attached Garage N

Subdivision Name Clark and Bogue

Full Baths 5

Status Active

Directions From HWY 9 in Fairplay turn North onto Fifth Street. Turn Right onto Castello Avenue. Property located on the left with parking available in front of the building.

High School South Park

City Fairplay

Senior Community Y/N N

High School District Park County RE-2

Lot Size Units Acres

Lot Size Square Feet 14810.4

Carport Spaces 0

Listing Terms 1031 Exchange Cash Conventional

Elementary School Edith Teter

Tax Annual Amount 3241

Middle/Junior High School South Park

Virtual Tour https://my.matterport.com/show/?m=D4CA4spSdZ2

Structure Type Quadruplex

Standard Status Active

Occupancy Type Tenant

Middle/Junior School District Park County RE-2

Elementary School District Park County RE-2

Exterior

Water Source Public

Total Parking 10

Lot Size Area 0.34

Foundation Details Concrete Perimeter

Building Area Total 5302

Lot Size Acres 0.34

Internal Only

Street Number 1 550

* Excluded Features

List By

Paffrath & Thomas Real Estate

Broker

(970) 485-4665

Phone

Affordability Calculator

$9,110

Per Month

Monthly Principal & Interest: $8,840
Monthly Property Taxes: $270
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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

Trends
Schools

Single family listings in Fairplay, CO

Average List Price ^$745,700

Percent of Sale Price 47%

About Fairplay, CO

771 Population

57% Since 2002

^$53,879 Median Income

44.59 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

863524 Elementary School

864841 Middle School

South Park High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/9/2026	$1,400,000		Listed Price

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550 Castello Avenue, Fairplay, CO, 80440 is a Single Family Home for sale at $1,400,000 with 5,302 sqft and a lot size of 0.34. 550 Castello Avenue has 13 bedrooms, 6.1 baths, and was built in 1912. The property's zip code is 80440 which is in Fairplay, CO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

The data relating to real estate on this web site comes in part from the Internet Data eXchange (IDX) Program of the REcolorado. Real estate listings held by firms other than Weichert Realtors are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 7/12/2026.

This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

The information contained in this publication is subject to change without notice. REcolorado. MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. REcolorado. SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

REcolorado. will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

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550 Castello Avenue

Single Family Home for sale in Fairplay, CO

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