Residential Income · Pending
Pagosa Springs, CO 81147
6 Baths · 4,012 Sq Ft
$730,000
Multi Family
Property Type
0.44 acres
Lot Size
2000
Year Built
$182
Price per Sq Ft
4
Parking Spaces
839234
MLS #
About This Property
Rare Pagosa Springs triplex offering strong income at under $190 per square foot. 298 Park Avenue includes three separate 2-bedroom, 2-bath units, each with its own garage, on nearly half an acre. Built in 2000, the property features low-maintenance stucco siding, a durable metal roof, attractive landscaping, and a well-kept overall condition. The property has maintained nearly 100% occupancy during the seller’s ownership and currently produces a cap rate of over 7% based on existing income and expenses.
Tenants pay their own electric and gas, helping keep owner operating costs lower and the income stream strong. Currently the only triplex on the market in Pagosa Springs, this is a difficult-to-replace multifamily opportunity. With six total bedrooms, six total bathrooms, three garages, proven rental demand, low-maintenance construction, and a price of less than $190 per square foot, 298 Park Avenue stands out as a compelling investment in one of Southwest Colorado’s most desirable mountain communities
29 days on market
Listed by Michael Knapp · Best of Pagosa Springs · 970-585-8977
Property Details
| Property Type | Residential Income |
| Sub Type | Multi Family |
| Status | Pending |
| Price per Sq Ft | $182 |
| Subdivision | Lakewood Village - 03 Cnty Code 00289 |
| MLS # | 839234 |
| Days on Market | 29 |
| Full Baths | 6 |
| Year Built | 2000 |
| Lot Size (Sq Ft) | 19,166 |
| Acres | 0.44 |
| Annual Taxes | $3 |
| Tax Year | 2025 |
| State | CO |
| County | Archuleta |
| Zoning | Residential Multi Family |
| Garage | Yes |
| Garage Spaces | 4 |
| Parking Features | Attached, 2 per unit |
| Roof | Metal |
| New Construction | No |
Location
Price History
| Date | Event | Price |
|---|---|---|
| 10/5/2026 |
Pending Source: Colorado Real Estate Network (CREN) #839234 |
— |
| 9/21/2026 |
Listed for sale Source: Colorado Real Estate Network (CREN) #839234 |
$730,000 $182/sqft |
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