Corner of 5th and Harrison - the Heart of Leadville. Extraordinary income property with $70,000 annual NOI from $96,000 scheduled rent = 15.5% cap rate. Building needs upgrades to rear stairs and utility feed plus general updates costing from $50K to $100K (our estimate). 7 residential units upstairs, 2 large commercial units downstairs. Potential for additional residential unit up or expand existing.
Sold for $980,000
$980,000
500 Harrison Ave, Leadville, CO 80461
--beds
0baths
9,942sqft
MultiFamily
Built in 1902
-- sqft lot
$1,012,400 Zestimate®
$99/sqft
$1,326 Estimated rent
Home value
$1,012,400
$780,000 - $1.28M
$1,326/mo
Zestimate® history
Owner options
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$1,326/mo
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$1,326/mo
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$5,688/mo
Est. payment
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$5,688/mo
Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Baseboard, Forced air, Gas
Cooling
- None
Features
- Flooring: Tile, Carpet, Linoleum / Vinyl
Interior area
- Total interior livable area: 9,942 sqft
Property
Features
- Exterior features: Brick
Lot
- Size: 0.26 Acres
Details
- Parcel number: 263324323011
Construction
Type & style
- Home type: MultiFamily
Materials
- Other
- Foundation: Masonry
- Roof: Built-up
Condition
- Year built: 1902
Community & HOA
Location
- Region: Leadville
Financial & listing details
- Price per square foot: $99/sqft
- Tax assessed value: $869,265
Price history
| Date | Event | Price |
|---|---|---|
| 12/14/2023 | Sold | $980,000+130.6%$99/sqft |
Source: Public Record Report a problem | ||
| 10/18/2017 | Sold | $425,000-5.6%$43/sqft |
Source: Agent Provided Report a problem | ||
| 8/21/2017 | Pending sale | $450,000$45/sqft |
Source: RE/MAX MOUNTAIN RIVER #6239436 Report a problem | ||
| 8/5/2017 | Listed for sale | $450,000$45/sqft |
Source: RE/MAX MOUNTAIN RIVER #6239436 Report a problem | ||
| 7/29/2017 | Pending sale | $450,000$45/sqft |
Source: RE/MAX MOUNTAIN RIVER #6239436 Report a problem | ||
| 7/26/2017 | Listed for sale | $450,000+971.4%$45/sqft |
Source: RE/MAX MOUNTAIN RIVER #6239436 Report a problem | ||
| 12/5/2014 | Listing removed | $42,000$4/sqft |
Source: RE/MAX Mountain River #231698 Report a problem | ||
| 11/15/2014 | Listed for sale | $42,000-83.2%$4/sqft |
Source: RE/MAX Mountain River #231698 Report a problem | ||
| 9/24/2012 | Sold | $250,000-54.5%$25/sqft |
Source: Public Record Report a problem | ||
| 3/15/2012 | Listing removed | $550,000$55/sqft |
Source: Keller Williams Top of the Rockies #S355580 Report a problem | ||
| 12/15/2011 | Listed for sale | $550,000$55/sqft |
Source: Keller Williams Mountain Properties #S355580 Report a problem | ||
| 11/11/2011 | Listing removed | $550,000$55/sqft |
Source: Keller Williams Mountain Properties #S355580 Report a problem | ||
| 9/26/2011 | Listed for sale | $550,000-20.3%$55/sqft |
Source: Keller Williams Top of the Rockies #S355580 Report a problem | ||
| 4/23/2011 | Listing removed | $690,000$69/sqft |
Source: Keller Williams Top of the Rockies #S355580 Report a problem | ||
| 12/22/2009 | Listed for sale | $690,000$69/sqft |
Source: Tom Driemeyer at Keller Williams Mountain Properties #S355580 Report a problem | ||
| 6/28/2009 | Listing removed | $690,000$69/sqft |
Source: MyZoom #S355580 Report a problem | ||
| 8/17/2008 | Listed for sale | $690,000$69/sqft |
Source: MyZoom #S355580 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $111,519 +25.2% |
| 2024 | $9,308 | $89,091 |
| 2023 | -- | $89,091 +44.3% |
| 2022 | $7,084 +1.2% | $61,738 -1.3% |
| 2021 | $6,998 +1.5% | $62,539 -3.1% |
| 2020 | $6,893 -1.5% | $64,558 |
| 2019 | $6,998 +1.5% | $64,558 -3.9% |
| 2018 | $6,893 +28.7% | $67,211 |
| 2017 | $5,355 -20.3% | $67,211 -3.2% |
| 2016 | $6,718 +9.9% | $69,450 |
| 2015 | $6,115 | $69,450 |
| 2014 | $6,115 | $69,450 |
| 2012 | -- | -- |
Find assessor info on the county website
Neighborhood: 80461
Nearby homes
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- $925,0003 bd2 ba2.8k sqft115 E 5th St, Leadville, CO 80461For Sale
Nearby schools
GreatSchools rating
- NAWestpark Elementary SchoolGrades: PK-2Distance: 0.4 mi
- 3/10Lake County High SchoolGrades: 7-12Distance: 0.8 mi
- 3/10Lake County Middle SchoolGrades: 3-6Distance: 0.8 mi
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- Colorado
- Lake County
- Leadville
- 80461
- 500 Harrison Ave
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