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For sale
    • $889,000

    197 True Avenue, Poncha Springs, CO 81242

    6beds
    2,808sqft
    : 
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    Duplex
    Built in 2023
    4,791 Square Feet Lot
    $858,800 Zestimate®
    $317/sqft
    $-- HOA

    What's special

    Exceptional investment opportunity with this well-maintained duplex offering two attached units being sold together. With a total of 2,808 square feet (1,404 square feet per unit), this property provides immediate rental income, with each unit currently generating $2,200 per month. Each unit features an identical floor plan (mirror image layout) designed for comfortable everyday living. The main level offers an open-concept kitchen, dining, and living area with durable concrete floors, efficient in-floor radiant heat, a convenient half bath, laundry area, quartz countertops, and an attached one-car garage. Enjoy outdoor living from the covered front porch, perfect for relaxing year-round. Upstairs, each unit includes three bedrooms, including a spacious primary suite complete with a private bath and its own balcony. Two additional bedrooms and a full guest bath provide ample space for family, guests, or a home office. 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, strong income potential, and a desirable layout. An excellent opportunity for investors and owner-occupants alike.
    4 days
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    86
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    4
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    Zillow last checked:

    Listing updated:

    Listed by:

    Stacy Lowe slowe@PinonRealEstate.com,

    Pinon Real Estate Group LLC

    Source: REcolorado as distributed by MLS GRID,MLS#: 6643166MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 6
      • Full bathrooms: 2
      • 3/4 bathrooms: 2
      • 1/2 bathrooms: 2
      • Main level bathrooms: 2
      Bedroom
      • Level: Upper
      Bedroom
      • Level: Upper
      Bedroom
      • Level: Upper
      Bedroom
      • Level: Upper
      Bedroom
      • Level: Upper
      Bedroom
      • Level: Upper
      Bathroom
      • Level: Main
      Bathroom
      • Level: Main
      Bathroom
      • Level: Upper
      Bathroom
      • Level: Upper
      Bathroom
      • Level: Upper
      Bathroom
      • Level: Upper
      Dining room
      • Level: Main
      Dining room
      • Level: Main
      Kitchen
      • Level: Main
      Kitchen
      • Level: Main
      Laundry
      • Level: Main
      Laundry
      • Level: Main
      Living room
      • Level: Main
      Living room
      • Level: Main
      Heating
      • Baseboard, Radiant
      Cooling
      • None
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
      Features
      • Ceiling Fan(s), Kitchen Island, Open Floorplan, Quartz Counters
      • Flooring: Carpet, Concrete
      • Has basement: No
      • Common walls with other units/homes: 1 Common Wall
      Interior area
      • Total structure area: 2,808
      • Total interior livable area: 2,808 sqft
      • Finished area above ground: 2,808
      Video & virtual tour

      Property

      Parking
      • Total spaces: 1
      • Parking features: Garage - Attached
      • Attached garage spaces: 1
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Covered, Front Porch
      • Exterior features: Balcony
      Lot
      • Size: 4,791 Square Feet
      • Features: Level
      • Residential vegetation: Natural State, Xeriscaping
      Details
      • Parcel number: R380510311012
      • Zoning: Residential
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Contemporary
      • Property subtype: Duplex
      • Attached to another structure: Yes
      Materials
      • Frame, Stucco
      • Roof: Composition
      Condition
      • Year built: 2023

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: Electricity Connected, Natural Gas Connected

      Community & HOA

      Community
      • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Poncha Springs

      Financial & listing details

      • Price per square foot: $317/sqft
      • Tax assessed value: $630,847
      • Annual tax amount: $2,222
      • Date on market: 7/15/2026
      • Listing terms: 1031 Exchange,Cash,Conventional
      • Exclusions: Seller And Tenant's Personal Property
      • Ownership: Corporation/Trust
      • Electric utility on property: Yes

        Estimated market value

        $858,800

        $816,000 - $902,000

        $2,303/mo

        Price history

        DateEventPrice
        7/15/2026Listed for sale$889,000$317/sqft
        Source: REcolorado as distributed by MLS GRID #6643166 Report a problem
        2/18/2026Listing removed$2,250$1/sqft
        Source: Zillow Rentals Report a problem
        2/4/2026Listed for rent$2,250+7.1%$1/sqft
        Source: Zillow Rentals Report a problem
        4/23/2025Listing removed$2,100$1/sqft
        Source: Zillow Rentals Report a problem
        3/25/2025Price change$2,100-4.5%$1/sqft
        Source: Zillow Rentals Report a problem
        2/3/2025Price change$2,200-10.2%$1/sqft
        Source: Zillow Rentals Report a problem
        1/31/2025Price change$2,450-2%$1/sqft
        Source: Zillow Rentals Report a problem
        1/2/2025Listed for rent$2,500$1/sqft
        Source: Zillow Rentals Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$247 -75.7%$39,420 +721.3%
        2024$1,017 +53.7%$4,800 -76.4%
        2023$661 +2.4%$20,330 +66%
        2022$646 +37.6%$12,250
        2021$469 -0.2%$12,250 +43.9%
        2020$470 +11.8%$8,510 +10.5%
        2019$420 $7,700
        2018$420 +141.8%$7,700 +136.2%
        2017$174 $3,260
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 81242

        Getting around

        30 / 100
        Car-Dependent
        43 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Longfellow
        • Middle: Salida
        • High: Salida
        • District: Salida R-32

        Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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