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Active Residential

102 & 104 Palmer Avenue

Poncha Springs, CO 81242

RECOLORADO #6576983 Updated: Jun 10, 2026, 9:15pm
$625,000
4 Beds • 2 Baths • 1,620 SqFt
Property
ActiveResidential
1/27
$625,000

102 & 104 Palmer Avenue

Poncha Springs, CO 81242
4
Beds
2
Baths
1,620
SqFt
0.29
Acres
RECOLORADO
#6576983
Updated: Jun 10, 2026, 9:15pm

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.
Included Appliances
DishwasherRangeRefrigerator

Property Details

Interior
Above Grade Finished Area
1620
Appliances
DishwasherRangeRefrigerator
Building Area Total
1620
Cooling
None
Flooring
CarpetLaminate
Heating
Forced Air
Interior Features
Eat-in KitchenHigh CeilingsVaulted Ceiling(s)
Laundry Features
Laundry Closet
Living Area
1620
Construction
Also Marketed As
Residential Income
Architectural Style
Mountain Contemporary
Building Area Source
Public Records
Common Walls
1 Common Wall
Construction Materials
FrameWood Siding
Direction Faces
East
Levels
One
Out Building Count
Yes
Roof
Composition
Structure Type
Duplex
Year Built
1996
Site & Exterior
Exterior Features
Private Yard
Fencing
Partial
Lot Features
LevelNear Ski Area
Lot Size Acres
0.29
Lot Size Area
0.29
Lot Size Square Feet
12632.4
Lot Size Units
Acres
Offstreet Spaces
4
Out Building Number Of
Yes
Parking Features
UnpavedGravel
Parking Total
4
Patio And Porch Features
Patio
Road Responsibility
Public Maintained Road
Sewer
Public Sewer
Utilities
Electricity ConnectedNatural Gas Connected
Utility Metering
Separate ElectricSeparate Gas
View
Mountain(s)Valley
Water Source
Public
Zoning
T4 - GENERAL URBAN ZONE
Financials
Contract Earnest Check To
Title Company
Contract Min Earnest
8500.00
Exclusions
Seller & Tenants Personal Property
Lease Amount
2800
Lease Expiration
2026-07-31
Lease Term
12 Months
Owner Pays
OtherWater
Ownership
Corporation/Trust
Parcel Number
R380510225157
Special Listing Conditions
None
Tax Annual Amount
1718
Tax Legal Description
LOTS 2 & 3 BLK 25 BURNETTS ADD PONCHA SPRINGS REC 481526
Tax Year
2025
Title Company
Central Colorado Title & Escrow

Neighborhood & Lifestyle

Community & Association
Senior Community
No
Schools
Ratings
Elementary
Longfellow
Middle
Salida
High
Salida
Elem. District
Salida R-32
Middle District
Salida R-32
High District
Salida R-32
Listing provided courtesy of RECOLORADO via IDX. Updated: Jun 10, 2026, 9:15pm.
Jeff Post

Listing Agent

Century 21 Community First

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