Fully leased fourplex generating $48,000 in gross annual rental income. All four units are 1-bedroom, 1-bathroom and currently occupied by tenants under lease, providing immediate cash flow. Extensive capital improvements completed within the last two years include all-new permitted electrical systems, permitted plumbing upgrades throughout the building, a new sewer line, four remodeled bathrooms, an updated kitchen in Unit 4, refinished hardwood floors, and 13 replacement windows. Built in 1908, the property blends historic character with significant infrastructure upgrades. Situated on a spacious 0.31-acre lot near downtown Trinidad, shopping, restaurants, schools, and public transportation. Mountain and city views, mature trees, and strong rental demand make this an attractive addition to an investment portfolio. A rare opportunity to acquire an updated, income-producing multifamily property with stable tenants already in place.
For sale
Price cut: $24.5K (8/21)
$475,000
417 W 3rd Street, Trinidad, CO 81082
10beds
10baths
5,278sqft
Quadruplex
Built in 1908
-- sqft lot
$454,200 Zestimate®
$90/sqft
$-- HOA
What's special
Mature treesMountain and city viewsAll-new permitted electrical systemsFour remodeled bathroomsRefinished hardwood floors
- 96 days
- 182
- 13
Zillow last checked:
Listing updated:
Listed by:
H Gregory Cicciu 720-231-9054,
HomeSmart Realty
Source: REcolorado as distributed by MLS GRID,MLS#: 6880001
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 10
Heating
- Radiant
Cooling
- None
Appliances
- Included: Gas Water Heater
- Laundry: In Unit
Features
- Ceiling Fan(s), Smart Thermostat
- Flooring: Tile, Vinyl, Wood
- Basement: Cellar
Interior area
- Total structure area: 5,278
- Total interior livable area: 5,278 sqft
- Finished area above ground: 3,700
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Asphalt
- Details: Off Street Spaces: 4
Features
- Levels: Three Or More
- Patio & porch: Covered, Deck, Front Porch
- Exterior features: Balcony, Private Yard
- Fencing: Partial
Lot
- Size: 0.31 Acres
- Features: Level, Near Public Transit, Subdividable
Details
- Parcel number: 12224000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Denver Square
- Property subtype: Quadruplex
Materials
- Cement Siding, Metal Siding
- Foundation: Block
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1908
Utilities & green energy
- Electric: 110V, 220 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Internet Access (Wired), Natural Gas Connected
Green energy
- Energy efficient items: Windows
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smart Cameras, Smoke Detector(s)
- Subdivision: Original Township
HOA
- Has HOA: No
Location
- Region: Trinidad
Financial & listing details
- Price per square foot: $90/sqft
- Tax assessed value: $227,684
- Annual tax amount: $1,384
- Date on market: 5/30/2026
- Listing terms: 1031 Exchange,Cash,Conventional,FHA,VA Loan
- Exclusions: Owners Personal Property,
- Ownership: Agent Owner
- Tenant pays: Cable TV, Electricity, Internet
- Electric utility on property: Yes
Estimated market value
$454,200
$431,000 - $477,000
$1,186/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2026 | Price change | $475,000-4.9%$90/sqft |
Source:  REcolorado as distributed by MLS GRID #6880001 Report a problem | ||
| 6/18/2026 | Price change | $499,500-4.9%$95/sqft |
Source: REcolorado as distributed by MLS GRID #6880001 Report a problem | ||
| 5/30/2026 | Listed for sale | $525,000+122.5%$99/sqft |
Source: REcolorado as distributed by MLS GRID #6880001 Report a problem | ||
| 6/6/2024 | Sold | $236,000-27.4%$45/sqft |
Source: eXp Realty #199660408 Report a problem | ||
| 4/18/2024 | Pending sale | $325,000$62/sqft |
Source: Spanish Peaks MLS #23-1248 Report a problem | ||
| 3/23/2024 | Listing removed | -- |
Source: Spanish Peaks MLS #23-1248 Report a problem | ||
| 11/27/2023 | Listed for sale | $325,000+169.7%$62/sqft |
Source: Spanish Peaks MLS #23-1248 Report a problem | ||
| 9/23/2016 | Sold | $120,500+1.3%$23/sqft |
Source: Spanish Peaks MLS #16-725 Report a problem | ||
| 1/14/2014 | Listing removed | $119,000$23/sqft |
Source: Cindy J Wold #13-680 Report a problem | ||
| 10/26/2013 | Listed for sale | $119,000$23/sqft |
Source: Cindy J Wold #13-680 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,285 -7.5% | $14,240 -53% |
| 2024 | $1,388 +69.6% | $30,280 -3.6% |
| 2023 | $818 -1.6% | $31,410 +92.6% |
| 2022 | $832 | $16,310 -1.9% |
| 2021 | -- | $16,620 |
| 2020 | $836 -2.5% | $16,620 -0.7% |
| 2018 | $858 +3.1% | $16,740 |
| 2017 | $832 -8.7% | $16,740 -10.8% |
| 2015 | $911 -3.3% | $18,762 |
| 2013 | $942 | $18,762 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 81082
Nearby schools
Schools provided by the listing agent
- Elementary: Eckhart
- Middle: Trinidad
- High: Trinidad
- District: Trinidad 1
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.
