507 & 505 Alder Street
Leadville, CO, 80461 $ 1,290,000
Bedrooms4 Baths4.0 Sq 2,772 Monthly Estimate*
$ 8,145
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 area, 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 a full bathroom. 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 — a spacious 2 bedroom, 1 bath unit offering additional income potential or living space. Because the garage/ADU sits 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 wiling to negotiate the house property w/o the garage/ADU as well)
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FeaturesGeneralSewer Public Sewer
Heating Baseboard Hot Water
Cooling None
Possession Closing/DOD
Roof Shingle
Appliances Dishwasher Dryer Microwave Range Refrigerator
Zoning Traditional Residential
Garage Spaces 0
Patio/Porch Features Front Porch
Construction Materials Frame Wood Siding
Exclusions Seller's personal property and furnishings
Year Built 2019
View City Mountain(s)
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
Ownership Individual
County Lake
Property Type Residential
HOA N
Attached Garage N
Subdivision Name Alice Placer
Facing Direction East
Full Baths 3
Status Active
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
Listing Terms Cash Conventional
Elementary School Westpark
Tax Annual Amount 4927
Middle/Junior High School Lake County
Structure Type House
Standard Status Active
Occupancy Type Owner
Middle/Junior School District Lake County R-1
Elementary School District Lake County R-1
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InteriorBasement Bath/Stubbed Finished Full Walk-Out Access
Total Fireplaces 1
Fireplace Features Family Room Wood Burning Stove
Basement (Y/N) Y
Above Grade Finished Area 1848
Half Baths 0
1/4 Baths 0
3/4 Baths 1
Total Bedrooms 4
Below Grade Finished Area 924
Main Level Bedrooms 0
Main Level Bathrooms 1
Total Baths 4
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ExteriorFencing None
Lot Features Corner Lot Historical District
Water Source Public
Total Parking 2
Lot Size Area 0.15
Foundation Details Concrete Perimeter
Building Area Total 2772
Lot Size Acres 0.15
Road Frontage Type Year Round
Road Responsibility Public Maintained Road
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $8,145
- Monthly Property Taxes
- $411
- Monthly 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.
Learn more about how to save NearbySingle family listings in Leadville, CO
Average List Price $711,658
Percent of Sale Price 45%
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 |