115, 117 & 119 7th Avenue,Ouray, CO 81427
Ouray, CO 81427
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.
Details
| MLS # | 831757 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 197 |
| Listing Provided By | LIV Sotheby's International Realty - Telluride | Jason Raible |
Features
| Bath(s) | 5 Total |
|---|---|
| SQ Feet | 4,285 |
| Basement | Y |
| Story(s) | 1 |
| Units | 3 |
| Zoning | Residential Multi Family |
| Acreage | 0.17 |
| Property View | Yes |
Interior
| Heating Yes / No | Yes |
|---|---|
| Heating | Natural Gas, Radiant Floor, Stove |
| Interior Features | Fireplace, Skylights, Vaulted Ceilings, Wired For Data, Window Treatments |
| Window Features | Skylights, Window Coverings |
| Furnished | Furnished |
Exterior
| Roof | Metal |
|---|---|
| Construction Materials | Stone, Wood Siding |
| Foundation Details | Stone |
| Lot Features | Corners Marked |
Parking
| Garage Yes / No | No |
|---|
Other
| List Aor | Telluride Association Of Realtors |
|---|
Taxes
| Property | 8487 |
|---|
Area Information
| State | CO |
|---|---|
| County | Ouray |
| City | Ouray |
| Zip Code | 81427 |
| Area | Ouray County |
| Community Name | Other |
| School District | Ouray 9-12 |
| Elementary School | Ouray K-6 |
| High School | Ouray 9-12 |
| Listing VS Median (in Other) | |
Price: $2,400,000 low | high Med: $565,000 sqft: 4,285 low | high Med: 2,062 $ / sqft: $560 low | high Med: $274 On site: 197 low | high Med: 125 | |
Market Activity 81427
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Learn More About This Property
| State | CO |
|---|---|
| County | Ouray |
| City | Ouray |
| Zip Code | 81427 |
| Area | Ouray County |
| Community Name | Other |
| School District | Ouray 9-12 |
| Elementary School | Ouray K-6 |
| High School | Ouray 9-12 |
| Listing VS Median (in Other) | |
Price: $2,400,000 low | high Med: $565,000 sqft: 4,285 low | high Med: 2,062 $ / sqft: $560 low | high Med: $274 On site: 197 low | high Med: 125 | |
