500 Poplar St - Apartments FOR SALE


Leadville, CO 80461
$1,850,000 USD
406-531-4246
500 Poplar St, Leadville, CO for Sale
$1,850,000 USD
Apartments - FOR SALE
1/13
null | 8.01% Cap Rate

500 Poplar St
Leadville, CO 80461


HIGHLIGHTS

  • Prime location in central Leadville one block away from Harrison Avenue
  • Sizable corner lot over 18,000 SF zoned R2/TC
  • Diverse unit mix
  • Separately metered for gas and electricity
  • In-unit laundry & all units in a side-by-side layout
  • Every apartment unit has its own front and back entrance

OVERVIEW

500 Poplar Street is a unique and versatile multifamily investment opportunity located just one block from historic Main Street in the heart of Leadville, Colorado. Situated on a large in-town lot, spanning over 18,000 SF total, the property consists of five separate buildings—including a 6-unit building, a 4-unit building, and three detached single-family homes—offering a total of 13 rental units across a diverse mix of layouts. The site allows for a broad range of uses and configurations, appealing to investors seeking stable income, value-add potential, or future redevelopment in one of Colorado’s fastest-growing mountain towns. With its rare unit mix, prime corner lot, and proximity to Leadville’s vibrant core, 500 Poplar is a standout asset in today’s market. • Building 1: 6-Units (506-516 Poplar) • Building 2: 4-Units (500-504 Poplar) • Building 3: Single Family Home (205 E 6th Street) • Building 4: Single Family Home (203 E 6th Street) • Building 5: Single Family Home (201 E 6th Street) • Building 6: Storage

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$203 USD /SF

# OF UNITS

13

PRICE/UNIT

$142,308

CAP RATE

8.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,840 SF

ZONING

-

APN/PARCEL ID

263324322004

ASK ABOUT THIS PROPERTY

Dan HawthorneNorthPeak Commercial AdvisorsMore Info
406-531-4246

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Dan HawthorneNorthPeak Commercial AdvisorsMore Info
406-531-4246

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.