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$625,000
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Property Description
Investment opportunity in the heart of Poncha Springs with strong rental history and mountain views. Situated on a spacious 0.29 acre lot, this duplex offers two well maintained 2 bedroom, 1 bathroom units, each providing approximately 810 square feet of living space. Whether you're looking to expand your investment portfolio or offset your mortgage by living in one unit while renting the other, this property offers flexibility and income potential. Both units are currently occupied and generate $1,400 per month each, with leases in place through July 2026. Current tenants have expressed interest in remaining, creating the opportunity for immediate and continued rental income. Owner currently pays water and sewer while tenants are responsible for their own utilities. The property enjoys beautiful mountain views and sits on an oversized lot offering ample space for parking, outdoor living, gardening, or future improvements. Conveniently located in Poncha Springs just minutes from downtown Salida, residents enjoy easy access to parks, shopping, restaurants, schools, and year round recreation. The combination of location, flexibility, and outdoor lifestyle continues to make this area highly desirable for both renters and homeowners. With stable occupancy, established rental income, and the versatility to serve as either an investment property or owner occupied residence, this is an opportunity worth exploring.
Full Property Details
Full Property Details for 102 & 104 Palmer Ave
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General
- Price: $625,000
- Taxes: $1,718 (2025)
- Status: Active
- Type: Duplex
- Source: MetroList_Colorado
- MLS ID: 6576983
- Updated: 6/8/2026
- Added to Site: 36 day(s) ago
Rental Information
- Lease/Rent Term: 12 Months
Interior
- Interior Features: Eat-in Kitchen, High Ceilings, Vaulted Ceiling(s)
- Appliances: Dishwasher, Range, Refrigerator
- Flooring: Carpet, Laminate
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Laundry Closet
Exterior
- Exterior Features: Private Yard
- Porch/Patio/Deck: Patio
Parking
- Total Spaces: 4
- Parking Features: Unpaved, Gravel
Location
- County: Chaffee
- Subdivision: N/A
- Direction Faces: East
School Information
- Elem School District: Salida R-32
- Midd School District: Salida R-32
- High School District: Salida R-32
- Elementary School: Longfellow
- Middle School: Salida
- High School: Salida
Community
- Pets Allowed: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Gas: Yes
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected
Structural Information
- Architectural Style: Mountain Contemporary
- Structure Type: Duplex
- Construction: Frame, Wood Siding
- Roof: Composition
- Common Walls: 1 Common Wall
- Square Feet: 1,620
- Sq. Ft. Source: Public Records
- Living Area: 1,620 Sq. Ft.
- Year Built: 1996
Lot Features
- Property View: Mountain(s), Valley
- Mountain views: Yes
- Lot Size (Acres): 0.29
- Lot Size (Sq. Ft.): 12,632
- Road Maintenance: Public Maintained Road
- Fence: Yes
- Lot Features: Level, Near Ski Area
- Zoning: T4 - GENERAL URBAN ZONE
- Fencing (Description): Partial
Financial Considerations
- Lease Price: $2,800
- Tax Amount: $1,718
- Tax Year: 2025
- Terms: 1031 Exchange, Cash, Conventional, Other
- Owner Pays: Other, Water
- Tenant Pays: Electricity, Gas, Internet, Trash Collection
Disclosures and Reports
- Ownership: Corporation/Trust
- Special Conditions: None
- Legal Description: LOTS 2 & 3 BLK 25 BURNETTS ADD PONCHA SPRINGS REC 481526
- Exclusions: Seller & Tenants Personal Property
- Property ID: R380510225157
Listed by Century 21 Community First
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Listing agent
— 102 & 104 Palmer Ave —
Century 21 Community First
post@firstcolorado.com,719-539-6682
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 102 & 104 Palmer Ave
School District:Salida School District R-32
| Name | Grades | Distance |
|---|---|---|
Longfellow Elementary School 425 West 7th Street, Salida, CO 81201 | K-4 | 4.4 mi |
Salida Middle School 520 Milford Street, Salida, CO 81201 | 5-8 | 4.6 mi |
Salida High School 26 Jones Avenue, Salida, CO 81201 | 9-12 | 4.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Estimate the Cost
Estimate the Cost for 102 & 104 Palmer Ave
102 & 104 Palmer Avenue, Poncha Springs, CO 81242 (MLS# 6576983) is a Duplex property with 4 bedrooms and 0 full bathrooms. 102 & 104 Palmer Avenue is currently listed for $625,000 and was received on June 08, 2026. Want to learn more about 102 & 104 Palmer Avenue? Do you have questions about finding other Duplex real estate for sale in Poncha Springs? You can browse all Poncha Springs real estate or contact a Coldwell Banker agent to request more information.