205 / 207 Park AVE #2 new Save Request In-Person Tour Request Virtual Tour
Steamboat Springs,CO 80487
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Crawford Subd
MLS Listing ID S1064007
Year Built 1952
Annual Tax Amount $6,361
Tax Year 2025
Lot Size 8,276 Sqft
Acres 0.19
Property Description
Located at the corner of Park Avenue and Grand Street in Steamboat's highly desirable Old Town neighborhood, this updated property offers a rare income-producing opportunity with two independent rental units, one of which includes a grandfathered Short-Term Rental (STR) license—a privilege no longer attainable in this red zone location. The main residence blends timeless Steamboat character with modern finishes and has demonstrated solid STR performance, even with significant owner usage during periods of rental. The separate one-bedroom ADU, built in 2017, operates as a 30-day+ executive or seasonal rental, providing a dependable secondary income stream. Together, the two units have achieved combined historical gross rents of approximately $140K, with upside potential toward $180K based on recent STR projections. Minimal operating costs, no expensive HOA fees, and newer hot water heater / furnace help to ensure future profitability. This is a true turnkey live and/or lease opportunity, offering strong income generation along with the option to personally enjoy one of Colorado's most beloved mountain towns and year-round destinations.
Location
State CO
County Routt
Area Downtown Area
Direction From Lincoln Ave, drive north on 7th St, left on Laurel St, drive past Soda Creek Elementary School, turn right on Logan Ave, turn right on Grand Street. Home will be on your left.
Interior
Heating Forced Air, Radiant Floor, Radiant
Fireplace No
Exterior
Parking Features Driveway, Garage, Heated Garage, Insulated Garage, Off Street, Oversized
Garage Spaces 2.0
Garage Description 2.0
Utilities Available Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Sewer Connected, Trash Collection, Water Available
Water Access Desc Public
Roof Type Asphalt, Metal
Street Surface Alley Paved,Paved
Building
Lot Description Corner Lot
Dwelling Type Multi Family
Sewer Public Sewer
Water Public
Additional Building Living Quarters
Others
Pets Allowed Yes
Tax ID R7715030
Pets Allowed Yes