Residential Income · Active

102 & 104 Palmer Avenue

Poncha Springs, CO 81242

4 Beds · 2 Baths · 1,620 Sq Ft

$625,000

Duplex

Property Type

0.29 acres

Lot Size

1996

Year Built

$386

Price per Sq Ft

6576983

MLS #

About This Property

Investment opportunity in the heart of Poncha Springs with strong rental history and mountain views. Situated on a spacious 0.29 acre lot, this duplex offers two well maintained 2 bedroom, 1 bathroom units, each providing approximately 810 square feet of living space. Whether you're looking to expand your investment portfolio or offset your mortgage by living in one unit while renting the other, this property offers flexibility and income potential.

Both units are currently occupied and generate $1,400 per month each, with leases in place through July 2026. Current tenants have expressed interest in remaining, creating the opportunity for immediate and continued rental income. Owner currently pays water and sewer while tenants are responsible for their own utilities.

The property enjoys beautiful mountain views and sits on an oversized lot offering ample space for parking, outdoor living, gardening, or future improvements. Conveniently located in Poncha Springs just minutes from downtown Salida, residents enjoy easy access to parks, shopping, restaurants, schools, and year round recreation. The combination of location, flexibility, and outdoor lifestyle continues to make this area highly desirable for both renters and homeowners.

With stable occupancy, established rental income, and the versatility to serve as either an investment property or owner occupied residence, this is an opportunity worth exploring.

155 days on market

Listed by Jeff Post · Century 21 Community First · post@firstcolorado.com,719-539-6682

Last updated: 6/10/2026 3:18 PM · Source: REcolorado®, MLS#: 6576983

Property Details

Key Details

Property Type Residential Income
Sub Type Duplex
Status Active
Price per Sq Ft $386
Subdivision N/A
MLS # 6576983
Days on Market 155
Bedrooms 4

More Details

Year Built 1996
Lot Size (Sq Ft) 12,632
Acres 0.29
HOA No
Annual Taxes $1,718
State CO
County Chaffee
Zoning T4 - GENERAL URBAN ZONE

Interior

Interior Features Eat-in Kitchen, High Ceilings, Vaulted Ceiling(s)
Heating Forced Air
Cooling None
Flooring Carpet, Laminate
Appliances Dishwasher, Range, Refrigerator

Exterior & Parking

Exterior Features Private Yard
Parking Features Driveway, Driveway
Roof Composition

Building & Lot

Lot Features Level, Near Ski Area
Architectural Style Contemporary
Levels One
Construction Frame, Wood Siding
Sewer Public Sewer
Water Source Public

Terms & Other

Senior Community No
Special Conditions None Known

Location

Price History

DateEventPrice
6/8/2026 Listed for sale
Source: REcolorado® #6576983
$625,000 $386/sqft

Based on information submitted to the MLS GRID as of November 10, 2026 at 12:53 AM MST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Listing information last updated June 10, 2026 at 3:18 PM.

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