507 & 505 Alder Street
Leadville, CO, 80461 $ 1,290,000
Bedrooms4 Baths4.0 Sq 2,772 Monthly Estimate*
$ 8,910
Listed by Aspen Leaf Realty
for $1,290,000 with 4 bedrooms and 4 full baths. This 2,772 square foot home was built in 2019 on a lot size of 0.15.
Built in 2019, this well-designed custom home offers modern comfort, mountain views, and incredible flexibility — featuring not one but two income-ready ADUs! The main level features an open-concept living and kitchen area with abundant natural light, a wood stove, and seamless flow for everyday living and entertaining. Also on this level are a ¾ bath, laundry, and a deck showcasing some of the most beautiful mountain views Leadville has to offer. You'll immediately notice the attention to detail throughout this beautiful home. Upstairs you'll find spacious bedrooms with large closets and two full bathrooms. The primary suite includes a double vanity, generous closet space, and a luxurious bathroom with heated floors, all with tasteful modern finish. The lower level offers a fully independent ADU with its own full kitchen, bedroom, living area, and full bathroom — ideal for rental income, guests, or multi-generational living. Tap and sewer fees have been paid, adding valuable peace of mind and utility. Adding even more versatility, a detached 2-car garage comes complete with a second ADU above — featuring a spacious 2 bedroom, 1 bath unit offering additional income potential or living space. Because the garage/ADU is on its own confirmed separate legal parcel, it adds significant standalone value — giving a buyer the rare opportunity to acquire additional rental income, a workshop/storage garage, or a true compound-style setup with two separately titled properties in one prime location. Ideally located on the corner of E 6th and Alder St, within an easy walk to downtown Leadville and within minutes of the East Side Trails, this home offers both convenience and direct access to outdoor recreation. Thoughtfully built with character and functionality, this property — with its main home, basement ADU, and detached garage ADU — provides exceptional versatility in a prime location! (Seller is willing to negotiate the house property w/o the garage/ADU)
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FeaturesGeneralLiving Area 2772
Sewer Public Sewer
Heating Baseboard Hot Water
Cooling None
Roof Shingle
Appliances Dishwasher Dryer Microwave Range Refrigerator
Zoning Traditional Residential
Garage Spaces 0
Patio/Porch Features Front Porch
Construction Materials Frame Wood Siding
Year Built 2019
View City Mountain(s)
Levels Two
Property Subtype Single Family Residence
Parcel Number 263324320021 & 263324320022
County Lake
Property Type Residential
HOA N
Attached Garage N
Subdivision Name Alice Placer
Facing Direction East
Full Baths 3
Directions From Harrison Avenue turn onto E 6th St and continue straight for about 0.4mi then make a right onto Alder St property will be located on the right sign at property.
High School Lake County
City Leadville
Senior Community Y/N N
High School District Lake County R-1
Lot Size Units Acres
Lot Size Square Feet 6534
Carport Spaces 0
Elementary School Westpark
Property Attached Y/N N
Tax Annual Amount 4927
Middle/Junior High School Lake County
Standard Status Active
Middle/Junior School District Lake County R-1
Elementary School District Lake County R-1
Freehold IDX
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InteriorBasement Bath/Stubbed Finished Full Walk-Out Access
Total Fireplaces 1
Fireplace Features Family Room Wood Burning Stove
Half Baths 0
1/4 Baths 0
3/4 Baths 1
Total Bedrooms 4
Total Baths 4
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ExteriorFencing None
Lot Features Corner Lot Historical District
Water Source Public
Lot Size Area 0.15
Foundation Details Concrete Perimeter
Lot Size Acres 0.15
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* Excluded FeaturesList Byheatherlindh@gmail.com,719-486-1930Contact
Affordability Calculator
- Monthly Principal & Interest
- $8,910
- Monthly Property Taxes
- $411
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbySingle family listings in Leadville, CO
Average List Price $640,852
Percent of Sale Price 50%
About Leadville, CO 2,899 Population
6% Since 2002
$ 47,234 Median Income
39.83 Median Age
17% Households with Children
Trends Information provided by ATTOM Data Solutions.
910939 Elementary School
910979 Middle School
Lake County High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/27/2026 | $1,290,000 | | Listed Price |