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430 E Golf Place, 
Pagosa Springs, CO 81147

$595,000

—

Bed

2

Baths

2,340

Sq Ft

Multi-Family

Active

Listed by

Logan Austin

Keller Williams Realty Southwest Associates, LLC.

970-247-3840

Last updated:

May 9, 2026, 02:18 PM

MLS#

833806

Source:

CO CREN

About This Home

430 E Golf Place

A rare opportunity to acquire a fully stabilized, income-producing duplex fronting the fairways of the Pagosa Springs golf course, delivering a solid 6% cap rate with NOI already in place and no lease-up risk to navigate. Each unit offers 1,170 SqFt of well-proportioned living space with 2 bedrooms and 1 bathroom; a floor plan that matches the strong rental demand this market consistently produces. The lower unit has undergone significant renovation, adding modern appeal and reducing near-term capital expenditure needs. A newly constructed balcony deck on the upper unit enhances outdoor living for tenants, and a fresh coat of stucco across the entire exterior in 2024 and a new roof in 2022 delivers excellent curb appeal. The result is a turn-key asset that looks great and performs from day one. Quality multifamily in Pagosa Springs rarely comes to market, this is one of the very few stabilized opportunities currently available. The area's year-round appeal is unmatched in Southwest Colorado: home to the world's deepest geothermal hot springs, Wolf Creek Ski Area with some of Colorado's highest annual snowfall, and direct access to the San Juan National Forest. A vibrant town center, the San Juan River corridor, and growing remote-work migration all fuel consistent, multi-season rental demand and keep vacancy tight. For investors seeking reliable Colorado mountain exposure, the combination of scarcity, location, and immediate cash flow is difficult to replicate.

Home Facts

Multi-Family

2 Baths

Built in 1974

Price Summary

595,000

$254 per Sq. Ft.

MLS #:

833806

Last Updated:

May 9, 2026, 02:18 PM

Added:

24 day(s) ago

Rooms & Interior

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

2,340 Sq. Ft.

Structure

Structure

Building Area:

2,340 Sq. Ft.

Year Built:

1974

Lot

Lot Size (Sq. Ft):

9,583

Finances & Disclosures

Finances

Price:

$595,000

Price per Sq. Ft:

$254 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.