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$889,000

  • For Sale
  • Active
  • Duplex
  • 6 Beds
  • 2 Full Baths
  • 4 Partial Baths
  • 2,808 Sq. Ft.
  • 1 Car Garage
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Exceptional investment opportunity with this well-maintained duplex offering two attached units being sold together. With a total of 2,808 square feet (1,404 square feet per unit), this property provides immediate rental income, with each unit currently generating $2,200 per month. Each unit features an identical floor plan (mirror image layout) designed for comfortable everyday living. The main level offers an open-concept kitchen, dining, and living area with durable concrete floors, efficient in-floor radiant heat, a convenient half bath, laundry area, quartz countertops, and an attached one-car garage. Enjoy outdoor living from the covered front porch, perfect for relaxing year-round. Upstairs, each unit includes three bedrooms, including a spacious primary suite complete with a private bath and its own balcony. Two additional bedrooms and a full guest bath provide ample space for family, guests, or a home office. 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, strong income potential, and a desirable layout. An excellent opportunity for investors and owner-occupants alike.

Full Property Details for 197 True Ave

General

  • Price: $889,000
  • Taxes: $2,222 (2025)
  • Status: Active
  • Type: Duplex
  • Source: MetroList_Colorado
  • MLS ID: 6643166
  • Updated: 7/17/2026
  • Added to Site: 44 day(s) ago

Rental Information

  • Lease/Rent Term: Long Term

Interior

  • Interior Features: Ceiling Fan(s), Kitchen Island, Open Floorplan, Quartz Counters
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Furnishings: Unfurnished
  • Flooring: Carpet, Concrete

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 2
  • 3/4 Bathrooms: 2
  • Half Bathrooms: 2
  • Main Floor Baths: 2

Bedrooms

  • Total Bedrooms: 6

Additional Information

  • Security/Safety: Carbon Monoxide Detector(s), Smoke Detector(s)

Exterior

  • Exterior Features: Balcony
  • Porch/Patio/Deck: Covered, Front Porch

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Total Spaces: 1
  • Parking Features: Unpaved

Location

  • County: Chaffee
  • Subdivision: none
  • Direction Faces: North

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: Baseboard, Radiant

Utilities

  • Gas: Yes
  • Sewer: Public Sewer
  • Utility Description: Electricity Connected, Natural Gas Connected

Structural Information

  • Architectural Style: Contemporary
  • Structure Type: Duplex
  • Construction: Frame, Stucco
  • Roof: Composition
  • Common Walls: 1 Common Wall
  • Square Feet: 2,808
  • Sq. Ft. Source: Public Records
  • Living Area: 2,808 Sq. Ft.
  • Year Built: 2023

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Size (Sq. Ft.): 4,791
  • Lot Features: Level
  • Trees/Vegetation: Natural State, Xeriscaping
  • Zoning: Residential

Financial Considerations

  • Tax Amount: $2,222
  • Tax Year: 2025
  • Terms: 1031 Exchange, Cash, Conventional

Disclosures and Reports

  • Ownership: Corporation/Trust
  • Special Conditions: None
  • Legal Description: LOT A LAROCHELLE MINOR SUBDIVISION PLAT 436705 PS81 REC 486320 488337 493832
  • Exclusions: Seller and Tenant's personal property
  • Property ID: R380510311012

Listed by Pinon Real Estate Group LLC

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Listing agent

— 197 True Ave —

  • Pinon Real Estate Group LLC

slowe@PinonRealEstate.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 197 True Ave

School District:Salida School District R-32
NameGradesDistance
Longfellow Elementary School
425 West 7th Street, Salida, CO 81201
K-44.4 mi
Salida Middle School
520 Milford Street, Salida, CO 81201
5-84.6 mi
Salida High School
26 Jones Avenue, Salida, CO 81201
9-124.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 197 True Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,222
800%
$39,420
721%
2024
$247
-76%
$4,800
-76%
2023
$1,017
54%
$20,330
66%
2022
$661
2%
$12,250
—
2021
$646
38%
$12,250
44%
2020
$469
—
$8,510
—
2019
$470
12%
$8,510
11%
2018
$420
141%
$7,700
136%
2017
$174
—
$3,260
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Pinon Real Estate Group LLC

197 True Avenue, Poncha Springs, CO 81242 (MLS# 6643166) is a Duplex property with 6 bedrooms, 2 full bathrooms and 4 partial bathrooms. 197 True Avenue is currently listed for $889,000 and was received on July 15, 2026. Want to learn more about 197 True 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.

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