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$2,400,000

Est. payment - /mo

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7 Beds

5 Baths

4,285 SqFt

Active

115, 117 & 119 7th Avenue Ouray, CO 81427

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Jen Stein

jen@blackcanyonhomes.com +1(970) 318-9300

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,285 sqft

Price per Sqft $560

MLS Listing ID 831757

Style Victorian

Bedrooms 7

Full Baths 2

Three Quarter Bath 3

Year Built 1900

Annual Tax Amount $8,487

Tax Year 2025

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type Triplex

Property Description

Rare residential Triplex in the heart of beautiful downtown Ouray, Colorado. Three Residences. One extraordinary gated compound. Immediate cash flow with proven rental income, strong appreciation potential in downtown Ouray, and multiple exit strategies for investors. $116k gross short-term rental revenue in 2025. Mission Rock Triplex is composed of TWO spacious 3 bedroom / 2 bathroom units in an up/down duplex format, PLUS a charming historic (c.1900) free-standing Cottage. The upper 3-bedroom has vaulted ceilings and south facing windows and deck looking at Mt. Abrams. Outside of the office loft, all livable square footage is on one level. At over 2000 livable square feet, the street level 3-bedroom is larger than many houses in town. All livable square footage is on one level, Flexible use scenarios exist for the new owner. Sell off individual units and charge those owners HOA dues. Rent the units (short or long term) in a variety of configurations. Estate plan to deed individual units to family members. Or keep the whole thing for private use. Today all 3 units are active Short-Term Rentals with STR Licenses from the City of Ouray with actual rental histories on file -- inquire for details with Broker. The Mission Rock is a complete renovation and historic adaption of one of Ouray's early single-family homes with appurtenant guest house. The original stone walls of the house and the guest house are in use today. The up/down duplex could be refashioned into a 6 bedroom / 4 bathroom single-family house of over 3500 livable square feet. 117 7th Avenue is street-level 3 bed / 2 bath / 2070 s.f. livable with a welcoming west facing porch. 119 7th Avenue is upper-level vaulted ceiling 3 bed / 2 bath / 1 office loft with a deck / 1454 s.f. livable. 115 7th Avenue is the historic 1 bed / 1 bath / 1 loft / 761 s.f. livable Cottage. Premier gated 8200 s.f. corner lot with stone walls. Call/text/email today to learn more about Mission Rock.

Location

State CO

County Ouray

Zoning Residential Multi Family

Rooms

Basement Concrete, Rock and Mortar

Interior

Flooring Carpet, Stained/Stamped Concrete, Tile

Fireplaces Type Gas Logs

Furnishings Furnished

Exterior

View Mountains, Valley

Roof Type Metal

Building

Story One Story, Two Story

Foundation Concrete, Rock and Mortar

Sewer City Water

Water City Water

New Construction No

Schools

Elementary Schools Ouray K-6

Middle Schools Ouray 7-8

High Schools Ouray 9-12

Others

Virtual Tour https://my.matterport.com/show/?m=RDYhsbQ7Ggd

Colorado Real Estate Network (CREN) + Sold

Listed by LIV Sotheby's International Realty - Telluride

NEARBY SCHOOL & BUSINESS

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Jen Stein

Broker | License ID: ER100096567

+1(970) 318-9300

115, 117 & 119 7th Avenue Ouray, CO 81427

Jen Stein

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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115, 117 & 119 7th Avenue