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6 Baths
4,012 sqft

$730,000

298 Park Ave, Pagosa Springs CO, 81147

Price per sqft$181.95
Built in2000
Property size4,012 sqft
Property typeMulti-family
Listed by Michael Knapp with Best of Pagosa Springs 970-903-3431

Overview

Active

Listed Sep 21, 2026

Updated 23h ago

Rare Pagosa Springs triplex offering strong income at under $190 per square foot. 298 Park Avenue includes three separate 2-bedroom, 2-bath units, each with its own garage, on nearly half an acre. Built in 2000, the property features low-maintenance stucco siding, a durable metal roof, attractive landscaping, and a well-kept overall condition. The property has maintained nearly 100% occupancy during the seller’s ownership and currently produces a cap rate of over 7% based on existing income and expenses. Tenants pay their own electric and gas, helping keep owner operating costs lower and the income stream strong. Currently the only triplex on the market in Pagosa Springs, this is a difficult-to-replace multifamily opportunity. With six total bedrooms, six total bathrooms, three garages, proven rental demand, low-maintenance construction, and a price of less than $190 per square foot, 298 Park Avenue stands out as a compelling investment in one of Southwest Colorado’s most desirable mountain communities

$4,857/mo

Est. mortgage payment based on a $730,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
839234

Interior Features

Bathrooms
6
Basement
No

Exterior Features

Lot Size
0.44 Acres

Other Property Details

Association Fee Frequency
Yearly
Garage
Yes

Listed by Michael Knapp with Best of Pagosa Springs 970-903-3431


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Data last updated on: 10/23/2026

 

 

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