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185 N Lena Street #Condo "D", Ridgway, CO 81432

Ridgway
Local realty services provided by:CENTURY 21 CapRock Real Estate
185 N Lena Street #Condo "D",Ridgway, CO 81432
$1,490,000
  • - Beds
  • 4 Baths
  • 3,424 sq. ft.
  • Multi-family
  • Active
Listed by: colleen aller
Office: keller williams realty southwest associates, llc. - montrose970-596-0870
MLS#:830826
Source:CO_CREN

Price summary

  • Price:$1,490,000
  • Price per sq. ft.:$435.16

About this home

Condo D includes four deed-restricted residential units within the historic Old Firehouse building. The offering consists of three 1-bedroom/1-bath condos and one studio with a full bath. All units are newly finished and include an oven/range, refrigerator, dishwasher, washer, and dryer. Each residence also comes with a dedicated storage area and covered carport, and an elevator provides access to the residential level. The in-town location offers walkable access to restaurants, shopping, schools, parks, and community amenities. The deed restriction is income-based only, set at 140% of Area Median Income, with approximately 17 years remaining before the units convert to free-market status. Current rents are below the maximum allowable levels and still produce over a 5% return at the full asking price, offering stable performance with future upside. Workforce housing remains one of the most consistently sought-after segments in Ridgway and the surrounding region. Local employers...

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Home facts

  • Year built:2024
  • Listing ID #:830826
  • Added:201 day(s) ago
  • Updated:July 29, 2026 at 08:56 PM

Rooms and interior

  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Laminate
  • Kitchen Description:Dishwasher, Range/Oven, Refrigerator
  • Living area:3,424 sq. ft.

Structure and exterior

  • Roof:Metal
  • Year built:2024
  • Building area:3,424 sq. ft.
  • Architectural Style:Contemporary
  • Construction Materials:Metal, Stone
  • Foundation Description:Permanent
  • Levels:1 Story

Schools

  • High school:Ridgway 9-12
  • Middle school:Ridgway 6-8
  • Elementary school:Ridgway K-5

Utilities

  • Water:City Water

Finances and disclosures

  • Price:$1,490,000
  • Price per sq. ft.:$435.16
  • Tax amount:$5,732

Features and amenities

  • Laundry features:Dryer, Washer
  • Amenities:Unfurnished

Parking

  • Carport spaces:4
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