Improved Mixed-Use Land for Sale in Rangely, Colorado
863 E Main St, Rangely, CO 81648
**THE LISTING IS FOR 2 BUILDINGS TOTALING 24 UNITS.
THE ADDRESSES ARE: 863 E MAIN ST., AND 125 DARIUS ST. RANGELY, CO. 81648
Investment Opportunity: Multi-Family
Discover this prime investment opportunity: a well-maintained multi-family complex consisting of 24, two-bedroom, one-bathroom apartments spread across two buildings. Situated in close proximity to Colorado Northwestern Community College, renowned for its Dental Hygiene, Aviation, and Park Ranger Training Programs, this property enjoys a steady stream of reliable tenants.
Built in 1979 and meticulously upgraded over the years, this complex features a newly paved asphalt parking lot and numerous renovated units. With its convenient location and strong rental demand, this property offers a promising investment opportunity.
Key Features:
24 units (2 buildings)
2-bedroom, 1-bathroom layouts
Prime location near Colorado Northwestern Community College
Recent upgrades, including new parking lot and renovated units
Strong rental demand and potential for steady income
Don't miss out on this exceptional investment opportunity
- Listed by Michael Tilley, (970) 568-8162, Tradewind Real Estate
Location
- Street address
- 863 E Main St
- County
- Rio Blanco County
- Elevation
- 5,239 feet
Property details
- Acreage
- 1.58 acres
- MLS #
- REcolorado 8400967
- Posted
Property taxes
- 2023
- $1,357
Parcels
- R1000232
Legal description
SUBD: CHASE TRACT TRACT: 3005 S: 1 T: 1N R: 102 BGN AT PT 349 FT W & 50.2 FT S AP 1 CORA ISABEL CHASE TR, THNC W 81 FT, THNC S 150 FT, THNC E 81 FT, THNC N 150 FT TO THE POB COPY OF LEGAL UPON REQUEST
Details and features
Listing
- Type
- Commercial Sale
- Subtype
- Multi Family
- Current Use
- Multi-Family
- Unit Count
- 24
- Terms
- Cash, Conventional
- Possession
- Closing/DOD
Income
- Gross Income
- $194, 100
- Operating Expense
- $66, 400
Community
- Features
- Coin Laundry, Laundry
Lot
- Road Frontage
- Public
- Road Surface
- Paved
- Road Responsibility
- Public Maintained Road
Exterior
- Parking Spaces
- 42
- Parking
- Asphalt
- Features
- Lighting
Structure
- Type
- Low Rise (1-3)
- Renovated
- 2023
- Stories
- 3
- Sewer
- Public Sewer
- Materials
- Frame
- Roof
- Shake
Property utilities
| Category | Type | Status |
|---|---|---|
| Sewage | Sewer | Connected |
| Water | Public | Available |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Apr 19, 2026 | New listing | $1,800,000 | — | REcolorado |
Payment calculator
Based on information submitted to the MLS GRID as of Apr 19, 2026 3:00 am MT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. View more