$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:
May 21, 2026 at 6:22AM
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 $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location