102 & 104 Palmer Avenue Poncha Springs, CO $ 625,000
102 & 104 Palmer Avenue
$ 625,000
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102 & 104 Palmer Avenue

Poncha Springs, CO, 81242
$ 625,000
Bedrooms4 Baths2.0 Sq 1,620

Monthly Estimate*

$ 3,848

Listed by Century 21 Community First
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Multi-Family Home for sale in Poncha Springs, CO

for $625,000 with 4 bedrooms and 2 full baths. This 1,620 square foot home was built in 1996 on a lot size of 0.29.

Investment opportunity in the heart of Poncha Springs with strong rental history and mountain views. Situated on a spacious 0.29 acre lot, this duplex offers two well maintained 2 bedroom, 1 bathroom units, each providing approximately 810 square feet of living space. Whether you're looking to expand your investment portfolio or offset your mortgage by living in one unit while renting the other, this property offers flexibility and income potential. Both units are currently occupied and generate $1,400 per month each, with leases in place through July 2026. Current tenants have expressed interest in remaining, creating the opportunity for immediate and continued rental income. Owner currently pays water and sewer while tenants are responsible for their own utilities. The property enjoys beautiful mountain views and sits on an oversized lot offering ample space for parking, outdoor living, gardening, or future improvements. Conveniently located in Poncha Springs just minutes from downtown Salida, residents enjoy easy access to parks, shopping, restaurants, schools, and year round recreation. The combination of location, flexibility, and outdoor lifestyle continues to make this area highly desirable for both renters and homeowners. With stable occupancy, established rental income, and the versatility to serve as either an investment property or owner occupied residence, this is an opportunity worth exploring.

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Multi-Family Active

Price

$ 625,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 1,718

Style

Mountain Contemporary

Lot Size

0.29

Year Built

1996

Town/City

Poncha Springs

County/Region

Chaffee

MLS | Web ID

6576983

Features
Interior
Interior Amenities Eat-in Kitchen High Ceilings Vaulted Ceiling(s)
Flooring Carpet Laminate
Common Walls 1 Common Wall
Basement (Y/N) N
Above Grade Finished Area 1620
Laundry Features Laundry Closet
Total Bedrooms 4
Total Baths 2
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General
Sewer Public Sewer
Heating Forced Air
Cooling None
Utilities Electricity Connected Natural Gas Connected
Possession Negotiable
Roof Composition
Appliances Dishwasher Range Refrigerator
Zoning T4 - GENERAL URBAN ZONE
Garage Spaces 0
Patio/Porch Features Patio
Architectural Style Mountain Contemporary
Construction Materials Frame Wood Siding
Exclusions Seller & Tenants Personal Property
Year Built 1996
Tenant Pays Electricity Gas Internet Trash Collection
View Mountain(s) Valley
Levels One
Property Subtype Duplex
Tax Year 2025
Ownership Corporation/Trust
County Chaffee
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name N/A
Facing Direction East
Status Active
High School Salida
City Poncha Springs
Senior Community Y/N N
High School District Salida R-32
Lot Size Units Acres
Lot Size Square Feet 12632.4
Carport Spaces 0
Listing Terms 1031 Exchange Cash Conventional Other
Elementary School Longfellow
Tax Annual Amount 1718
Middle/Junior High School Salida
Ok to Lease 12 Months
Structure Type Duplex
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Salida R-32
Elementary School District Salida R-32
Leasehold Rent $/Mo 2800
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Exterior
Exterior Amenities Private Yard
Fencing Partial
Parking Features Unpaved Gravel
Lot Features Level Near Ski Area
Water Source Public
Total Parking 4
Lot Size Area 0.29
Building Area Total 1620
Lot Size Acres 0.29
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 102
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* Excluded Features
List By
Century 21 Community First

Broker

(719) 539-6682

Phone

Affordability Calculator

$3,991
Per Month
96%
4%
0%
Monthly Principal & Interest
$3,848
Monthly Property Taxes
$143
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
1732374 Elementary School
1732373 Middle School
Salida High School High School
Pricing History
DatePricePrice ChangeDescription
6/8/2026$625,000 Listed Price

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102 & 104 Palmer Avenue, Poncha Springs, CO, 81242 is a Multi-Family Home for sale at $625,000 with 1,620 sqft and a lot size of 0.29. 102 & 104 Palmer Avenue has 4 bedrooms, 2.0 baths, and was built in 1996. The property's zip code is 81242 which is in Poncha Springs, CO