629 Chestnut Street offers a rare small multifamily investment in the heart of Leadville, Colorado, with strong value-add potential and a desirable cornerlot location. Built in 1965 and comprising five total units across 1,800 square feet of building area, the property includes three studio units and two 1Bd/1Ba units. Situated on a 3,354-square-foot corner lot and zoned TR (Transitional Residential), this property provides an excellent opportunity for investors to modernize and improve rents or explore redevelopment pathways over time. The TR zoning allows for a variety of residential uses and supports incremental growth in one of Colorado’s most active mountain towns. With its central location, walkability, and proven demand, 629 Chestnut Street is an ideal opportunity for investors seeking upside in a compact, well-located asset.