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For sale
  • $1,195,000

    20180 Us Highway 50, Cotopaxi, CO 81233

    --beds
    --baths
    --sqft
    : 
    $7,360/mo
    Get pre-qualified
    Multi Family
    Built in 1923
    -- sqft lot
    $1,083,600 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Fresh interior paintPrivate in-unit laundry
    Rare multifamily investment opportunity in a charming small-town setting with land, parking, and strong rental demand. This 7-unit apartment complex is consistently occupied, offering reliable income and long-term investment stability. All units have been updated with durable tile flooring and fresh interior paint, creating a low-maintenance and modern living environment. The property features a desirable unit mix including four 1-bedroom/1-bath units with kitchens, two 2-bedroom/1-bath units, and one spacious 3-bedroom/1-bath unit. Every unit includes private, in-unit laundry, a highly sought-after amenity that supports tenant retention. Recent improvements include new gravel parking located behind the building, providing convenient off-street parking for tenants. In addition to the building, the property includes 8.15 acres of rocky, mountainous landscape, offering privacy, natural beauty, and potential future use. The Arkansas River is just a stone’s throw across the highway, adding to the appeal of the location and surrounding scenery. With strong occupancy history, updated interiors, ample parking, and a unique land component, this property presents a turnkey opportunity for investors seeking steady income in a scenic Colorado setting.
    188 days
    |
    67
    |
    4
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Lynette Ovnicek,

    Homesmart Preferred Realty

    Source: Royal Gorge AOR,MLS#: 6855285MLS Logo

      Facts & features

      Interior

      Heating
      • Electric, Hot Water
      Cooling
      • Ceiling Fan(s)

      Property

      Lot
      • Size: 8.15 Acres
      Details
      • Parcel number: 78002690

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • Year built: 1923

      Utilities & green energy

      • Sewer: Public Septic
      • Water: Assoc/Distr, Well, See Remarks
      • Utilities for property: Electricity Connected, Propane

      Community & HOA

      Location
      • Region: Cotopaxi

      Financial & listing details

      • Tax assessed value: $968,512
      • Annual tax amount: $2,716
      • Date on market: 2/2/2026
      • Listing terms: Cash,Conventional

        Estimated market value

        $1,083,600

        $1.03M - $1.14M

        $1,555/mo

        Price history

        DateEventPrice
        2/2/2026Listed for sale$1,195,000+198.8%
        Source: Royal Gorge AOR #6855285 Report a problem
        4/16/2015Sold$400,000
        Source: Public Record Report a problem
        8/29/2005Sold$400,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$3,168 -62.8%$64,890 -61.8%
        2023$8,509 +61.7%$169,838 +52.8%
        2022$5,262 +2.1%$111,173 -0.2%
        2021$5,152 +15.6%$111,367 +13.7%
        2020$4,459 +0.2%$97,924
        2019$4,449 +1.1%$97,924 +1.6%
        2018$4,399 $96,417
        2017$4,399 +15.3%$96,417 +15.1%
        2016$3,816 +0.2%$83,780
        2015$3,807 $83,780
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 81233

        Getting around

        15 / 100
        Car-Dependent
        2 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Cotopaxi

        Source: Royal Gorge AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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