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525 Red Lady Avenue #241 - 246, 
Crested Butte, CO 81224

$3,095,000

—

Bed

6

Baths

5,855

Sq Ft

Multi-Family

Active

Listed by

Caleb Brewer

Peak Property Management & Sales

970-349-6339

Last updated:

December 17, 2025, 06:04 PM

MLS#

829584

Source:

CO CREN

About This Home

525 Red Lady Avenue #241 - 246

Exceptional opportunity to acquire a multi-family property featuring six (6) one-bedroom condo units in the heart of Crested Butte. Each unit has been condominimized, allowing for individual deeded ownership — perfect for investors seeking flexibility to sell units separately or operate as a rental portfolio. Don’t miss this rare opportunity to acquire 6 long term multi-family residential apartment units located in the Town of Crested Butte within the Majestic Plaza retail center adjacent to Clarks Market and on the Town of CB bus route. The units have a strong rental history making this an attractive investment opportunity. These units would be suitable for employee housing. Each spacious 2nd floor unit offers 1 bedroom, 1 bath, a large storage/laundry area with built in shelves, a gas fireplace, large windows capturing beautiful mountain views, and 1 off-street assigned parking space. Crested Butte, also known as Colorado’s last great ski town, is an up and coming resort community located 3 miles from the Crested Butte Mountain Resort now owned by Vail Resorts and included in the EPIC pass. The community offers exciting events, music, a creative arts district, and endless recreation opportunities. With all the Crested Butte has to offer the demand for long term rentals has always been high and will continue to be a desirable place for people to call home.

Home Facts

Multi-Family

6 Baths

Built in 1997

Price Summary

3,095,000

$528 per Sq. Ft.

MLS #:

829584

Last Updated:

December 17, 2025, 06:04 PM

Added:

1 month(s) ago

Rooms & Interior

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

6

Interior

Living Area:

5,855 Sq. Ft.

Structure

Structure

Building Area:

5,855 Sq. Ft.

Year Built:

1997

Finances & Disclosures

Finances

Price:

$3,095,000

Price per Sq. Ft:

$528 per Sq. Ft.

MLS Logo
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.