1021 Grand Ave

glenwood springs, CO 81601

$1,699,000

  • 12 BR
    4 BA
    APPROX. 4,673 SF

INTERESTED? LET'S CONNECT

Nestled in the heart of Glenwood Springs, this rare multi-use property offers an outstanding opportunity
for investors seeking steady cash flow and long-term upside. The Glenwood Springs Hostel has a proven
rental track record, serving both short-term visitors and long-term tenants with its versatile layout and
income diversity. The property spans two well-maintained buildings: a charming historic front house
dedicated to nightly rentals, and a more modern rear building featuring a one-bedroom apartment and
additional short-term rental units. With dual zoning flexibility, multiple income streams, and unbeatable
proximity to the region's top attractions, this asset is primed for continued success. Whether you are an
owner-operator or a passive investor, 1021 Grand Avenue delivers both immediate returns and future
growth potential.

Two Buildings. Multiple Income Streams. Timeless Demand.
1021 Grand Avenue is composed of two purpose-built residences: a character-rich 191 O front home offering monthly lodging and a 1994 rear building featuring a long-term apartment over monthly room rentals. Designed to meet demand from both tourists and workforce renters, this well-diversified asset produces consistent monthly income from 22 beds, a separate apartment, and laundry facilities - with all units currently occupied.



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Details

4,673 Sq Ft

5,300 Sq Ft Exterior Space

Single Family Home

$4,700 Annual Tax

Built in 1994

MLS/Listing ID 187618

Amenities & Features

Construction - Frame

Heating - Hot Water

Heating - Forced Air

Common Area

Lot - Landscaped

Style - Two Story

Listing Courtesy of SLIFER SMITH & FRAMPTON RFV, SHILO BARTLETT - 970-319-0064

AGS

Source of Data: ASPEN GLENWOOD MLS

Interested in 1021 Grand Ave?