Residential Income · Active

232 Main

Ouray, CO 81427

5 Baths · 3,408 Sq Ft

$1,695,000

Multi Family

Property Type

0.1 acres

Lot Size

1888

Year Built

$497

Price per Sq Ft

2

Parking Spaces

839303

MLS #

About This Property

Exceptional investment opportunity that has it all: LOCATION, CAP RATE of 7%, and EXEMPTION from City's STR rules/guidelines/STR taxes - all due to its zoning! Situated on Main St in the heart of beautiful Ouray Colorado, otherwise known as the Switzerland of America, this turn key property has 5 separate fully remodeled 1 bedroom, 1 bath apartments. Currently being operated as an STR with an attractive return on investment , the property also has the opportunity to be long term rentals or a residence. With its expansive upper balcony, it boasts some of the "best seats in the house" for magical mountain views and the renowned City of Ouray's fireworks shows on July 4th and NYE. All current bookings can transfer with a sale, providing a new owner with income from Day 1. Come explore this one of a kind opportunity!

127 days on market

Listed by Lee Ann Parden & Sharon Wild · Wild West Realty, LLC · leeannbroker@gmail.com

Last updated: 9/23/2026 1:09 PM · Source: Colorado Real Estate Network (CREN), MLS#: 839303

Property Details

Key Details

Property Type Residential Income
Sub Type Multi Family
Status Active
Price per Sq Ft $497
Subdivision Other
MLS # 839303
Days on Market 127
Three-Quarter Baths 5

More Details

Year Built 1888
Lot Size (Sq Ft) 4,356
Acres 0.1
Annual Taxes $14
Tax Year 2025
State CO
County Ouray
Zoning Live/Work,Other,Residential Multi Family

Interior

Appliances Dryer, Oven, Refrigerator, Washer

Exterior & Parking

Garage Yes
Garage Spaces 2
Parking Features Detached, 1 per unit
Roof Shingle

Building & Lot

New Construction No

Terms & Other

Listing Terms 1031 Exchange, Conventional, Other

Location

Price History

DateEventPrice
6/19/2026 Listing removed
Source: Colorado Real Estate Network (CREN) #836067
—
6/15/2026 Listed for sale
Source: Colorado Real Estate Network (CREN) #839303
$1,695,000 $497/sqft
6/14/2026 Listed for sale
Source: Colorado Real Estate Network (CREN) #836067
$1,695,000 $497/sqft
6/14/2026 Listed for sale
Source: Colorado Real Estate Network (CREN) #836066
$1,695,000 +342.6% $497/sqft
9/2/2004 Sold
Source: Telluride Association of REALTORS® #16699
$383,000 -3.0% $112/sqft
7/13/2004 Listed for sale
Source: Telluride Association of REALTORS® #16699
$395,000 $116/sqft

SOURCE: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network (CREN). All data deemed reliable but not guaranteed and should be independently verified. The information contained in this publication is subject to change without notice.

TERMS OF USE: This publication is designed to provide information with regard to the subject matter covered. This listing information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

WARRANTY: COLORADO REAL ESTATE NETWORK (CREN) MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. COLORADO REAL ESTATE NETWORK SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

“COPYRIGHT (2026) by COLORADO REAL ESTATE NETWORK” 121 N PARK AVENUE, SUITE# 4, MONTROSE, CO 81401 USA

ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of Colorado Real Estate Network (CREN)

PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information.

Listing information last updated September 23, 2026 at 1:09 PM.

Connect with an Agent

Preferred contact method (optional)

By selecting Text you agree to receive text messages from Mont Haus International Realty. Message & data rates may apply; frequency varies; reply STOP to opt out.