500 Poplar St - Multi-Family FOR SALE


Leadville, CO 80461
$2,100,000 USD
720-738-1941
500 Poplar St, Leadville, CO for Sale
$2,100,000 USD
Multi-Family - FOR SALE
1/13
null | 7.06% 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

$2,100,000 USD

PRICE/SF

$284 USD /SF

# OF UNITS

13

PRICE/UNIT

$161,538

CAP RATE

7.06%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

263324322004

ASK ABOUT THIS PROPERTY

Dan HawthorneNorthPeak Commercial AdvisorsMore Info
720-738-1941

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Dan HawthorneNorthPeak Commercial AdvisorsMore Info
720-738-1941

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