CO > Leadville
Leadville, CO 80461,231 Elm ST
Leadville, CO 80461,231 Elm ST
Leadville, CO 80461,231 Elm ST
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Justin Morgan

Justin Morgan

+1(720) 893-2278
$900,000
Est. payment /mo
2,399 SqFt
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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,399 sqft

Price per Sqft $375

MLS Listing ID 8722176

HOA Y/N No

Year Built 1963

Annual Tax Amount $2,155

Tax Year 2024

Lot Size 4,966 Sqft

Acres 0.11

Property Sub-Type Multi Family

Source recolorado

Property Description

231 Elm Street presents an excellent investment opportunity in Leadville, Colorado. Built in 1963 and formerly operated as a motel, this well-located property is currently operated as a 9-unit apartment building and sits on a spacious corner lot of over 4,966 square feet. Its historic motel roots and efficient design also provide the potential for hospitality or short-term rental use, subject to city approvals. Located just minutes from downtown Leadville and surrounded by year-round recreational attractions, 231 Elm offers a strategic foothold for multifamily investors or those seeking to reposition the asset. Property is composed of 9-units total (5- Studios, 3 – Studios w/ Kitchens, and 1 – 1Bd/1Ba unit). Zoned R2, the property offers exceptional flexibility for investors or developers seeking to capitalize on Leadville's rapid residential growth.

Location

State CO

County Lake

Interior

Fireplace N

Exterior

Garage No

Building

Sewer Public Sewer

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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REColorado (REColorado MLS)
© 2025 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by NorthPeak Commercial Advisors, LLC

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Justin Morgan

+1(720) 893-2278

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