$1,400,000

550 Castello Avenue, Fairplay, CO 80440

  • 5,302 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1912
  • Property Lot Size Icon0.34acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $264/sqft
  • Property List Date Icon Listed 1 year ago

Property Description

5-unit apartment building located in the Town of Fairplay, CO! This remodeled, turn-key property is an investor's dream. 550 Castello Avenue has amazing history, and has undergone a major renovation over the past couple years. The building consists of over 5,300 square feet, with 5 apartments, totaling 13 bedrooms. Each unit boasts new kitchens, bathrooms, flooring, paint, lighting, water heaters, and various other upgrades. Located just 22 miles from world renowned Breckenridge Resort, and 2 blocks from HWY 9, this property is designed to offer consistent and lucrative rentals income year-around. All of the hard work has been done, with the installation of a new roof and full interior remodel. Start renting today! Some of the other great features of this property include, a common-area laundry room, wrap around driveway with abundant parking, unfinished basement area, and on-site dumpster. Unit 1 includes 3-bedrooms, 1-bathroom, mud room, dining room, and ground floor access. Unit 2 includes 4-bedrooms, 1 3/4-bathooms, top floor access with deck. Unit 3 includes 2-bedrooms, 1 1/2-bathrooms, office, and ground floor access. Unit 4 includes 2-bedrooms, 1-bathroom, dining room, top floor access, and deck. Unit 5 includes 2-bedrooms, 1-bathroom, mud room, walk-in pantry, walk-in closet, unfinished basement. and ground floor access. See attached floorplans and Matterport tours for more details.

Listing Status:
Active
Data Last Updated:
February 16, 2026 at 7:21AM
Listing Office:
Paffrath & Thomas Real Estate : 970-453-0466
Listing Agent:
Kevin Broadrick : 970-485-4665
MLS ID:
4868028
  • General: Balcony
  • Parking: Circular DrivewayGravelParking spaces: 0
  • Roofing: Shingle
  • Road/Access: PublicYear Round
  • Originating MLS: recolorado
  • County: Park
  • Zoning: T09 R77 S33 NE4 FAIRPLAY CLARK AND BOGUES BLOCK 09 LOT 07 THRU 10339
  • Current Use: Multi-Family
  • Utilities: Electricity ConnectedNatural Gas ConnectedSewer Connected110V220 Volts
  • Water: Public
  • Sewer: Public Sewer
  • Source: recolorado

This listing courtesy of Kevin Broadrick , Paffrath & Thomas Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

E

Edith Teter Elementary School

640 Hathaway St, Fairplay, CO, 80440

Grades PK-5

0.18 miles away

S

South Park Middle School

640 Hathaway St, Fairplay, CO, 80440

Grades 6-8

0.16 miles away

S

South Park High School

640 Hathaway St, Fairplay, CO, 80440

Grades 9-12

0.15 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.