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102 Palmer Ave, 
Poncha Springs, CO 81242

$625,000


4

Beds


2

Baths


1,620

Sq Ft


Multi-Family

Active

Listed by

Jeff Post

Century 21 Community First

719-539-6682

Last updated:

October 11, 2026, 02:32 PM

MLS#

6576983

Source:

IRES

About This Home

102 Palmer Ave

Investment opportunity in the heart of Poncha Springs with strong rental history and mountain views. Situated on a spacious 0.29 acre lot, this duplex offers two well maintained 2 bedroom, 1 bathroom units, each providing approximately 810 square feet of living space. Whether you're looking to expand your investment portfolio or offset your mortgage by living in one unit while renting the other, this property offers flexibility and income potential. Both units are currently occupied and generate $1,400 per month each, with leases in place through July 2026. Current tenants have expressed interest in remaining, creating the opportunity for immediate and continued rental income. Owner currently pays water and sewer while tenants are responsible for their own utilities. The property enjoys beautiful mountain views and sits on an oversized lot offering ample space for parking, outdoor living, gardening, or future improvements. Conveniently located in Poncha Springs just minutes from downtown Salida, residents enjoy easy access to parks, shopping, restaurants, schools, and year round recreation. The combination of location, flexibility, and outdoor lifestyle continues to make this area highly desirable for both renters and homeowners. With stable occupancy, established rental income, and the versatility to serve as either an investment property or owner occupied residence, this is an opportunity worth exploring.

Home Facts

Multi-Family

2 Baths

4 Bedrooms

Built in 1996

Subdivision & Development:

Not Applicable

Price Summary

625,000

$385 per Sq. Ft.

MLS #:

6576983

Last Updated:

October 11, 2026, 02:32 PM

Added:

4 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Interior

Living Area:

1,620 Sq. Ft.


Structure

Structure

Architectural Style:

Chalet

Building Area:

1,620 Sq. Ft.

Year Built:

1996


Lot

Lot Size (Sq. Ft):

12,632


Finances & Disclosures

Finances

Price:

$625,000

Price per Sq. Ft:

$385 per Sq. Ft.

Source:IRES
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Contact an Agent

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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.