115 7th Avenue, Ouray, CO 81427 (MLS# 43010)


$2,400,000
115 7th Avenue
Ouray, CO 81427
MLS# 43010
7 beds


119 7th Avenue
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119 7th Avenue 3 legally distinct units ~3500 square feet of livable space in this duplex plus 800 square foot free-standing cottage Downtown Ouray compound on 7th Avenue Two 3 bedroom / 2 bath units (up/down duplex) plus the free-standing cottage 119 7th Avenue 119 7th Avenue 119 7th Avenue 119 7th Avenue 119 7th Avenue 119 7th Avenue 119 7th Avenue 119 7th Avenue 119 7th Avenue 117 7th Avenue 117 7th Avenue 117 7th Avenue 117 7th AVenue 117 7th Avenue 117 7th Avenue Street Level guest bedroom 117 7th Avenue 117 7th Avenue 115 7th Avenue 115 7th Avenue 115 7th Avenue 115 7th Avenue 115 7th Avenue 7th Avenue looking at Western Hotel Switzerland of the Rockies Cascade Falls Downtown Ouray public hot springs Gated private compound

Property Description
Three Residences. One extraordinary gated compound. Immediate cash flow with proven rental income, strong appreciation potential in downtown Ouray, and multiple exit strategies for investors. Mission Rock Triplex is composed of TWO spacious 3 bedroom / 2 bathroom units PLUS a charming historic (c.1900) free-standing Cottage. The upper 3-bedroom has vaulted ceilings and south facing windows and deck looking at Mt. Abrams. At over 2000 livable square feet, the street level 3-bedroom is larger than many houses in town. Flexible use scenarios exist for the new owner -- sell off individual units, rent the units in a variety of configurations, or keep the whole thing for private use. Today all 3 units are active Short-Term Rentals with actual rental histories on file.

Details
Listing & Location Info
Major Area: 70
Condo Plat: Yes
Owner Occupancy Restrictions: No
Keywords Info
Studio: No
Flex Room: None
Age: 13 - 20 Yrs
Deed Restrict: None
Bedrooms: 7
Full Baths: 5
General Info
Total # of Units: 3
Complex: Mission Rock
Zoning: Residential/Commercial
Legal: West 82' of Lots 13, 14, 15 & 16, Block 6, Section 31, Township 44N, Range 7W, N.M.P.M., City of Ouray, Colorado.
Est Finished SqFt: 4285
Source SqFt: Assessor
Est Unfinished SqFt: 225
Directions: 38 miles from the Montrose (MTJ) airport. From Main Street in Ouray, turn right downhill on 7th Avenue toward the river. Property is diagonally downhill across 7th Avenue from the historic Western Hotel and Saloon.
View 1: Ouray Amphitheater
View 2: Mt. Abrams
Year Built: 2005
Financing Info
Taxes: 7285.18
Tax Year: 2024
HOA Mangment Company/Info: Vacation Rental Collective / 970-633-0721
HOA Dues: 0
Payment Per: Year
RETT: None
Assessor's Acct #: R005603 / R005604 / R005605
Status Change Info
Proposed Close Date: 2025-06-11
Status: Active
Utility Info
Phone Line: Regular Phone
Primary Heat: Combination
TVService: Cable
Disclosures
Covenants: 1
Construction
Frame: 1
Stone: 1
Exterior Finish
Stone: 1
Wood (Natural): 1
Furnished
Full: 1
Water
Public: 1
Roof
Metal: 1
Style
Victorian: 1
Sanitation
Sewer: 1
Special Location
Near Park: 1
Gas
Natural: 1
Electric
Power Company: 1
Heat
Gas: 1
Radiant in Floor: 1
Access
City: 1
Paved: 1
Fireplace
3: 1
Artificl Gas Logset: 1
Extras
Fence: 1
Gated: 1
Listing Location Info
Current Price: $2,400,000
Sub-Type: Free Standing
Area: Ouray - 74 (Major Area 70)
Asking Price: 2400000
Street #: 115
Street Name: 7th
Street Suffix: Avenue
City/Town: Ouray
County: Ouray County
State/Province: CO
Postal Code: 81427
Property Features
Disclosures: Covenants
Furnished: Full
Style: Victorian
Construction: Frame; Stone
Heat: Gas; Radiant in Floor
Fireplace: 3; Artificl Gas Logset
Water: Public
Gas: Natural
Electric: Power Company
Roof: Metal
Exterior Finish: Stone; Wood (Natural)
Access: Paved
Special Location: Near Park
Extras: Fence; Gated

IDX
Listing Office: LIV Sotheby's International Realty - Transfer Telluride
Listing Agent: Jason K. Raible

Last Updated: December - 29 - 2025

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