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Property view

197 S Cora Street, 
Ridgway, CO 81432

$749,000


3

Beds


2

Baths


1,078

Sq Ft


Single Family

Active

Listed by

Colleen Aller

Keller Williams Realty Southwest Associates, LLC. - Montrose

970-596-0870

Last updated:

July 18, 2025, 09:40 PM

MLS#

826673

Source:

CO CREN

About This Home

197 S Cora Street

ChatGPT said: Just two blocks from Ridgway’s vibrant town park and the local market, 197 S. Cora offers a unique and income-generating opportunity in one of Western Colorado’s most desirable small towns—just 39 miles from Telluride. Situated on .244 acres across three town lots, this well-maintained property features two distinct dwellings, mature landscaping, two storage sheds, alley access, and ample off-street parking. The freshly painted main house, built in 1900, includes two bedrooms and one bath, blending timeless character with practical updates. At the back of the property sits a charming 1890 schoolhouse, relocated to the site in 1990 and thoughtfully converted into a bright studio apartment with a full kitchen, bathroom, and large south-facing windows. The studio is currently leased for $950/month, and the main home holds a market rent potential of $2,500/month—making this an excellent investment or multi-use living opportunity. With Ridgway growing as a bedroom community to Telluride, this property is ideally suited for employee housing, short-term rental income, or flexible live-work living—all within walking distance of everything downtown Ridgway has to offer.

Home Facts

Single Family

2 Baths

3 Bedrooms

Built in 1900

Price Summary

749,000

$694 per Sq. Ft.

MLS #:

826673

Last Updated:

July 18, 2025, 09:40 PM

Added:

2 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,078 Sq. Ft.


Structure

Structure

Architectural Style:

Victorian

Building Area:

1,078 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

10,628


Finances & Disclosures

Finances

Price:

$749,000

Price per Sq. Ft:

$694 per Sq. Ft.

MLS Logo
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