Property Attributes
- MLS#194003
- TypeSingle Family
- Listing Status Active
- CountyMoffat
- CityCraig
- AreaCraig
- NeighborhoodSunset Addition
- Zip81625
- StyleRanch
- Year Built1940
- Taxes$ 1938
- Price$ 500,000
- Bedrooms9
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage3570
- Lot Size0.38 Acres
Data Source:
Aspen Glenwood Springs MLS (AGSMLS)
Property Description
Excellent investment opportunity in the heart of Craig, Colorado. This well-maintained five-unit multifamily property offers a proven rental history, 100% occupied, producing $4400 gross rental income per month. This five unit building consists of four 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit, providing a desirable unit mix that appeals to a broad tenant base. The current owners have made numerous recent improvements, including updating two of the units with fresh interior paint, new flooring, and select new appliances. In addition, the property is serviced by three newer water heaters, providing added reliability and reducing future maintenance concerns. With several major capital improvements already completed, this is an excellent opportunity for investors seeking a property with reduced upfront maintenance costs. All five units are currently leased, with leases extending through the summer of 2027, offering stable, long-term rental income from day one. The property also features convenient off-street parking located behind the building. Ideally situated within walking distance of the public library, grocery stores, restaurants, schools, and churches, tenants enjoy the convenience of a highly walkable location with easy access to everyday amenities. Whether you're looking to expand your investment portfolio or acquire a turnkey income-producing asset, this multifamily property presents an outstanding opportunity in the Craig, Colorado rental market.
| Price History | |
|---|---|
| 7/31/2026 | Listed $500,000 |
General Features
| Living Area | 3570 |
|---|---|
| Heating | Natural Gas,Forced Air,Electric |
| Cooling | None |
| Utilities | Natural Gas Connected,Electricity Connected |
| Possession | DOD |
| Roof | Composition |
| Zoning | Residential |
| Architectural Style | Ranch |
| Construction Materials | Brick Veneer,Frame,Brick |
| Year Built | 1940 |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| County | Moffat |
| New Construction | false |
| Property Type | Residential |
| Subdivision Name | Sunset Addition |
| Garage Y/N | false |
| Building Features | Yes |
| Status | Active |
| Directions | Turn right on Green Street, property on the corner of Green and 6th Street |
| City | Craig |
| MLS Area | Craig |
| Lot Size Units | Acres |
| Lot Size Square Feet | 16625 |
| Listing Terms | New Loan,Cash |
| Property Condition | Good |
| MLS Area Minor | 17-Craig |
| Standard Status | Active |
Interior Features
| Basement | Crawl Space |
|---|---|
| Air Conditioning Y/N | false |
| Heating Y/N | true |
| Total Baths | 5 |
Exterior Features
| Model | No |
|---|---|
| Lot Features | Corner Lot |
| Water Source | Public |
| Lot Size Area | 0.38 |
| Building Area Total | 3570 |
| Lot Size Acres | 0.38 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
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Last Updated: September 24, 2026 6:51 PM UTC