$625,000

102 & 104 Palmer Avenue, Poncha Springs, CO 81242

  • 4 beds |
  • 2 baths |
  • 1,620 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1996
  • Property Lot Size Icon0.29acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $386/sqft
  • Property List Date Icon Listed 17 days ago

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.

Listing Status:
Active
Data Last Updated:
June 25, 2026 at 5:22AM
Listing Office:
Century 21 Community First : 719-539-6682
Listing Agent:
Jeff Post : 719-539-6682
MLS ID:
6576983
  • General: Eat-in KitchenHigh CeilingsVaulted Ceiling(s)
  • Appliances: DishwasherRangeRefrigerator
  • Laundry: Laundry Closet
  • Flooring: CarpetLaminate
  • A/C: None
  • Heating: Forced Air
  • General: Private Yard
  • Style: Mountain Contemporary
  • Other Structures: Patio
  • Parking: UnpavedGravelParking spaces: 4
  • Roofing: Composition
  • General: One
  • Originating MLS: recolorado
  • School District: Salida R-32
  • County: Chaffee
  • Zoning: T4 - GENERAL URBAN ZONELOTS 2 & 3 BLK 25 BURNETTS ADD PONCHA SPRINGS REC 481526R380510225157
  • View: Mountain(s)Valley
  • Fencing: Partial
  • Utilities: Electricity ConnectedNatural Gas Connected
  • Water: Public
  • Sewer: Public Sewer
  • Source: recolorado
  • Ownership: Corporation/Trust
  • Exclusions: Seller & Tenants Personal Property

This listing courtesy of Jeff Post , Century 21 Community First

Monthly Payment

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

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