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Active Commercial

550 Castello Avenue

Fairplay, CO 80440

RECOLORADO #4868028 Updated: Jan 10, 2026, 12:15am
$1,400,000
0 Beds • 0 Baths • 5,302 SqFt
Property
ActiveCommercial
1/50
$1,400,000

550 Castello Avenue

Fairplay, CO 80440
0
Beds
0
Baths
5,302
SqFt
0.34
Acres
RECOLORADO
#4868028
Updated: Jan 10, 2026, 12:15am

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.
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Matterport

Property Details

Interior
Building Area Total
5302
Security Features
Carbon Monoxide Detector(s)Fire Alarm
Construction
Also Marketed As
Commercial Sale
Construction Materials
Stucco
Number Of Units Total
5
Roof
Shingle
Structure Type
Free Standing
Year Built
1912
Year Built Effective
2024
Site & Exterior
Current Use
Multi-Family
Electric
110V220 Volts
Exterior Features
Balcony
Lot Features
Historical District
Lot Size Acres
0.34
Lot Size Area
0.34
Lot Size Square Feet
14810.4
Lot Size Units
Acres
Parking Features
Circular DrivewayGravel
Road Frontage Type
PublicYear Round
Road Responsibility
Public Maintained Road
Road Surface Type
Gravel
Sewer
Public Sewer
Utilities
Electricity ConnectedNatural Gas ConnectedSewer Connected
Water Included
Yes
Water Source
Public
Financials
Contract Min Earnest
20000.00
Documents Available
Profit/Loss StatementRental AverageUtility Average
Owner Pays
ElectricityInternetTaxesTrash CollectionWater
Parcel Number
339
Tax Annual Amount
910
Tax Legal Description
T09 R77 S33 NE4 FAIRPLAY CLARK AND BOGUES BLOCK 09 LOT 07 THRU 10
Tax Year
2023
Title Company
Land Title Guarantee Company

Neighborhood & Lifestyle

Listing provided courtesy of RECOLORADO via IDX. Updated: Jan 10, 2026, 12:15am.
Kevin Broadrick

Listing Agent

Paffrath & Thomas Real Estate

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