Residential Income · Active
Lake City, CO 81235
5 Baths · 3,096 Sq Ft
$649,000
Quadruplex
Property Type
0.21 acres
Lot Size
1977
Year Built
$210
Price per Sq Ft
821608
MLS #
About This Property
The Cleborn multi-family complex is an excellent investment opportunity, featuring four unique units and an additional rental suite. Each apartment has its own distinct floor plan, with two units offering full bathrooms and two with three-quarter bathrooms. The rental suite includes a spacious 5-piece bath, providing options for future modifications, such as adding a kitchenette to create a studio apartment or extending it into a one-bedroom unit. Amenities at the complex enhance tenant convenience, with on-site laundry facilities, off-street parking, and outside decks that offer captivating mountain views.
The property is situated on a 0.21-acre lot that is partially treed, providing ample parking space. A recently updated Quonset hut offers valuable storage for vehicles, recreational equipment, and maintenance tools. The complex has a good rental history, with 3 units currently rented and the owners occupying the other. Location is a standout feature, as the complex is close to the Lake Fork of the Gunnison River, Memorial Park, and historic downtown Lake City. Residents can easily access walking trails, restaurants, and shopping, making this well-maintained property an attractive choice for investors.
616 days on market
Listed by Michael Murphy & Sandy Murphy · Murphy Real Estate · 719-849-1441
Property Details
| Property Type | Residential Income |
| Sub Type | Quadruplex |
| Status | Active |
| Price per Sq Ft | $210 |
| Subdivision | Other |
| MLS # | 821608 |
| Days on Market | 616 |
| Full Baths | 3 |
| Three-Quarter Baths | 2 |
| Year Built | 1977 |
| Lot Size (Sq Ft) | 9,148 |
| Acres | 0.21 |
| Annual Taxes | $1,852 |
| Tax Year | 2025 |
| State | CO |
| County | Hinsdale |
| Zoning | Other |
| Flooring | Laminate, Linoleum |
| Appliances | Oven, Refrigerator |
| Garage | No |
| Parking Features | Off Street |
| Roof | Metal |
| Architectural Style | Garden/Low Rise Apts |
| New Construction | No |
| Listing Terms | 1031 Exchange, Cash, Conventional |
Location
Price History
| Date | Event | Price |
|---|---|---|
| 10/10/2026 |
Price change Source: Colorado Real Estate Network (CREN) #821608 |
$649,000 -8.6% $210/sqft |
| 3/3/2025 |
Listed for sale Source: Colorado Real Estate Network (CREN) #821608 |
$710,000 $229/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.
Thank you — a Mont Haus broker will be in touch shortly.
For Mont Haus agents and staff. Sign in with your Mont Haus Microsoft account and the Agent Portal opens in a new tab.
Sign in with MicrosoftNo Microsoft account yet? Ask Nikki Boxer, who sets up portal access.