401 Silver St

Lake City, CO 81235

$599,999
Price
9
Beds
4,015 Sq. Ft.
$149 / Sq. Ft.
4,015
Sq. Ft.
$149
per Sq. Ft.

Description

Investment Opportunity awaits! If you're seeking a property with income potential nestled in one of Colorado's prime outdoor recreation destinations, look no further. The property at 401 N Silver St in Lake City, CO, is a unique offering comprised of six distinct rental units. Built in 1960, this multi-family property is perfect for investors aiming to capture rental income from a steady stream of outdoor enthusiasts and locals alike. This 4,015-square-foot building is divided into six units: one...Investment Opportunity awaits! If you're seeking a property with income potential nestled in one of Colorado's prime outdoor recreation destinations, look no further. The property at 401 N Silver St in Lake City, CO, is a unique offering comprised of six distinct rental units. Built in 1960, this multi-family property is perfect for investors aiming to capture rental income from a steady stream of outdoor enthusiasts and locals alike. This 4,015-square-foot building is divided into six units: one 3-bedroom unit with a 3/4 Bath on the main level and a 3/4 Bath upstairs, one 2-bedroom unit with a full bathroom, and four 1-bedroom units, each equipped with a 3/4 bathroom. The diversity in unit size offers flexibility for various tenant needs, appealing to different segments within the rental market. Situated in the heart of Lake City, this property's location is its standout feature. Lake City is renowned for its breathtaking scenery and wealth of outdoor activities. It's home to the Alpine Loop, a highly sought-after locale for hiking and off-road driving. In the winter many can be found enjoying the thrills of ice climbing in Lake City. Additionally, Lake San Cristobal, Colorado's second-largest natural lake, offers opportunities for boating, kayaking, paddle boarding, and ice fishing, drawing year-round tourism. These amenities make Lake City an attractive place for both short-term and long-term tenants, ensuring those units are not left vacant for long. Investors with a keen eye for potential rental income will not want to miss this property! Its location and structure offer a unique blend of small-town charm and modern convenience. Owning property in Lake City means tapping into a market that values its natural surroundings and outdoor amenities, thereby supporting always-in-demand rental real estate. This property offers potential for long-term growth and equity. It's a chance to invest in one of Colorado's hidden gems and secure a foothold in this picturesque community. For more information or to schedule a viewing, feel free to contact me directly.
  1. Listed by Kelsey Loftis • Crystal Peak Properties

Property Details for 401 Silver Street

Water Front
No
Zoning
Residential Multi Family
Views
Mountains, Valley
Subdv Name
None
LISTING UPDATED: 07/25/2025 08:46 AM

Property Details for 401 Silver Street

StatusActive
MLS #822616
Days on Market112
Taxes$1,466 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTIFAMILY / Sixplex
Year Built1960
Lot Size0.21 AC / 9,147 SF
CountyHinsdale County

Location

Listing Courtesy of Crystal Peak Properties, Kelsey Loftis
Add your commute

Building Information for 401 Silver Street

Stories2Residences6Year Built1960Building Size-Lot Size0.21 AC / 9,147 SF

Payment Calculator

$3,266 per month

30 year fixed, 6.845% Interest

Principal and Interest

$3,144

Property Taxes

$122

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 401 Silver Street

Summary
Location and General Information
  • Directions: From 200 N Gunnison St, Head North on GUNNISON AVE .2 Miles, take a left onto 4th Street, Turn Right onto Silver St and go .1 Miles. The property is on the left.
  • Access: Year Round
Owner
  • Owner Name: Deetz
Parking
  • Carport Y/N: No
  • Garage Type: Attached Garage
  • Garage Capacity: 1
  • Garage Y/N: Yes
  • PARKING: Gravel
School Information
  • Elementary School: Lake City K-12
  • Middle School: Lake City K-12
  • High School: Lake City K-12
Taxes and HOA Information
  • HOA Y/N: No
  • Tax Year: 2024
  • Total Taxes $: 1466.12
Property
Property and Assessments
  • FIPS Code: 08053
  • Legal/Lot Block: 401 N SILVER ST LOTS 14-15-16 BLOCK 41 TOWN OF LAKE CITY
  • Photo Count: 21
  • New Construction Y/N: No
  • Covenants Y/N: NO
  • Board Name: Gunnison-Crested Butte Association of REALTORS
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Lot Size/Acerage: Less than 1/2
  • Parcel ID #: 4.50927341006E11
Green Features
  • Green Certification Y/N: No
  • HERS Rated Y/N: No
  • Energy Star Qualified Y/N: No
  • LEED for Homes Y/N: No
  • NAHB/NGBS-ICC 700 Y/N: No
Utilities
  • Domestic Water/Sewer: City Water, City Sewer
  • Metered: Metered for Electricity, Metered for Water
  • Water Well: No
Multi Family
Multi-Family Information
  • # of Units: 6
  • Residence Stories: Two Story
Unit 1 Information
  • Unit 1 # Bedrooms: 3
  • Unit 1 # Baths: 2
Unit 2 Information
  • Unit 2 # Bedrooms: 2
  • Unit 2 # Baths: 1
Unit 3 Information
  • Unit 3 # Bedrooms: 1
  • Unit 3 # Baths: 1
Unit 4 Information
  • Unit 4 # Bedrooms: 1
  • Unit 4 # Baths: 1
Unit 5 Information
  • Unit 5 # Bedrooms: 1
  • Unit 5 # Baths: 1
Unit 6 Information
  • Unit 6 # Bedrooms: 1
  • Unit 6 # Baths: 1
Interior and Exterior Features
Room Information
  • 1/2 Baths: 0
  • 3/4 Baths: 6
  • 1/4 Baths: 0
  • Total Baths: 7.00
  • Dining: Eat-in Kitchen
  • Total Office/Den(s): 0
Interior Features
  • Furnished: Unfurnished
  • Florring: Carpet, Laminate
  • Foundation/ Basement: Concrete
  • Appliance Inclusions: Range/Oven, Range Top, Refrigerator, Microwave
Exterior Features
  • Horse Setup: No
  • Residence Style: Contemporary
  • Roof: Metal
  • Siding: Cedar

Property History for 401 Silver Street

DateEvent & SourcePriceAppreciation
Jun 10, 2025

Price Change

CRENMLS #822616

$599,999—
May 2, 2025

Price Change

CRENMLS #822616

$685,000—
Apr 3, 2025

Price Change

CRENMLS #822616

$750,000—
Apr 3, 2025

Price Change

CRENMLS #822616

$685,000—
Apr 3, 2025

Listed (Active)

CRENMLS #822616

$599,999—
DateEvent & SourcePrice
06/10/2025

Price Change

CRENMLS #822616

$599,999
05/02/2025

Price Change

CRENMLS #822616

$685,000
04/03/2025

Price Change

CRENMLS #822616

$750,000
04/03/2025

Price Change

CRENMLS #822616

$685,000
04/03/2025

Listed (Active)

CRENMLS #822616

$599,999

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 401 Silver Street

Taxable ValueLand$4,980Additions$18,860Total$23,840
Tax Record2024$1,466 ($122 / month)
Home Facts
StyleMiscellaneousCountyHINSDALEAPNR001235

Schools near 401 Silver Street

This home is within Hinsdale County Re 1 School District.
Rating
School
Type
Grades
Distance
Public - PK to 12
Rating
School
Distance
Lake City Community School
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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401 Silver Street is a multi-family home for sale in Lake City, CO 81235. This property was listed for sale on April 4, 2025 by Crystal Peak Properties, it's currently listed at $599,999. This listing's school district is Hinsdale County Re 1 School District. Nearby schools include Lake City Community School. 401 Silver Street is a 9-bed, 7-bath, 4,015 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Crystal Peak Properties, Kelsey Loftis

Based on information from one of the following Multiple Listing Services: CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.