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  • Price cut: $30K (5/23)
    $695,000

    515 & 517 N 12th Street, Gunnison, CO 81230

    4beds
    2,118sqft
    : 
    $4,305/mo
    Get pre-qualified
    Duplex
    Built in 1981
    -- sqft lot
    $675,500 Zestimate®
    $328/sqft
    $-- HOA

    What's special

    Sprinkler systemUpdated kitchenDedicated storage space
    Don’t miss this exceptional investment opportunity in the heart of Gunnison! Located at 515 & 517 N. 12th St., this well maintained duplex offers the perfect setup to live in one unit while generating income from the other. Unit 515 features 1,070 square feet of comfortable living space with 2 bedrooms and 1 bath. This garden-level unit includes a beautifully remodeled bathroom finished with elegant marble tile. Unit 517 offers 1,048 square feet, also with 2 bedrooms and 1 bath, highlighted by an updated kitchen and a bathroom featuring travertine tile, a pedestal sink, and garden-level bedrooms for a cozy, private feel. Both units are equipped with their own washer and dryer, adding convenience for tenants or owner-occupants. The property totals 2,118 square feet and includes a detached garage with a one-car bay, while the other half has been converted into a dedicated storage space for tenant or owner use. Additional features include a sprinkler system, off street and on street parking, and west facing decks for both units; perfect for enjoying Colorado sunsets. Ideally situated between local schools and close to an RTA bus stop and nearby walking trails. This location offers both convenience and lifestyle appeal. Each unit is separately metered for electricity, while the owner covers water and sewer. Both units are currently rented, making this a turnkey investment with immediate income potential. Whether you’re looking to expand your portfolio or offset your mortgage with rental income, this Gunnison duplex is an opportunity you won’t want to pass up!
    92 days
    |
    173
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Joshua Townsend josh@clarkeagency.net,

    The Clarke Agency

    Source: CREN,MLS#: 834199MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Primary bedroom
      • Level: Lower
      Dining room
      • Features: Kitchen/Dining
      Appliances
      • Included: Dishwasher, Dryer, Range, Refrigerator, Washer
      Features
      • Flooring: Carpet, Laminate
      Interior area
      • Total structure area: 2,118
      • Total interior livable area: 2,118 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: 1 per unit, Off Street, Detached Garage
      • Garage spaces: 1
      Features
      • Levels: Two
      • Stories: 2
      • Has view: Yes
      • View description: Mountain(s)
      Lot
      • Size: 7,840 Square Feet
      Details
      • Parcel number: 370135412005
      • Zoning description: Residential Multi Family

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex
      • Attached to another structure: Yes
      Materials
      • Wood Siding
      • Foundation: Concrete Perimeter
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 1981

      Utilities & green energy

      • Water: City Water
      • Utilities for property: Metered for Electricity

      Community & HOA

      Community
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Gunnison

      Financial & listing details

      • Price per square foot: $328/sqft
      • Annual tax amount: $2,137
      • Date on market: 5/1/2026
      • Listing terms: 1031 Exchange,Cash,Conventional
      • Total actual rent: 3500
      • Road surface type: Paved

        Estimated market value

        $675,500

        $642,000 - $709,000

        $2,542/mo

        Price history

        DateEventPrice
        5/23/2026Price change$695,000-4.1%$328/sqft
        Source: CREN #834199 Report a problem
        5/1/2026Listed for sale$725,000$342/sqft
        Source: CREN #834199 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        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: 81230

        Getting around

        62 / 100
        Somewhat Walkable
        92 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Gunnison 1-5
        • Middle: Gunnison 6-8
        • High: Gunnison High 9-12

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

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