Metro Denver Luxury Homes For Sale

Property Description

Exceptional investment opportunity with this well-maintained duplex offering two attached units being sold together. With a total of 2,808 square feet (1,404 square feet per unit), this property provides immediate rental income, with each unit currently generating $2,200 per month.

Each unit features an identical floor plan (mirror image layout) designed for comfortable everyday living. The main level offers an open-concept kitchen, dining, and living area with durable concrete floors, efficient in-floor radiant heat, a convenient half bath, laundry area, quartz countertops, and an attached one-car garage. Enjoy outdoor living from the covered front porch, perfect for relaxing year-round.

Upstairs, each unit includes three bedrooms, including a spacious primary suite complete with a private bath and its own balcony. Two additional bedrooms and a full guest bath provide ample space for family, guests, or a home office.

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, strong income potential, and a desirable layout. An excellent opportunity for investors and owner-occupants alike.

Features
: Radiant, Baseboard
: None
: Carbon Monoxide Detector(s), Smoke Detector(s)
: Covered, Front Porch
: 1
: Unfurnished
: Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
: Contemporary
: Unpaved
: Composition
: Public Sewer
Address Map
CO
Chaffee
Poncha Springs
81242
True
197
Avenue
W107° 55' 26.1''
N38° 30' 48.1''
Additional Information
: Frame, Stucco
6
North
Longfellow
: Balcony
: Carpet, Concrete
1
Salida
: Open Floorplan, Quartz Counters, Kitchen Island, Ceiling Fan(s)
Yes
Yes
: Long Term
1031 Exchange, Cash, Conventional
: Level
Salida
Pinon Real Estate Group LLC
R380510311012
: None
: Duplex
none
$2,222
2025
: Electricity Connected, Natural Gas Connected
Residential
07/15/2026
2808
Active
1
Salida R-32
Salida R-32
Salida R-32
07/15/2026
1
07/15/2026
: Two

none

197 True Avenue, Poncha Springs, CO 81242

6 Bedrooms
6 Total Baths
2,808 Square Feet
$889,000
Listing ID #6643166
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 6643166
Price : $889,000
Bedrooms : 6
Rooms : 20
Total Baths : 6
Full Bathrooms : 2
3/4 Bathrooms : 2
1/2 Bathrooms : 2
Square Footage : 2,808 Square Feet
Year Built : 2023
Lot Area : 0.11 Acres
Lot Acres : 0.11
Property Sub Type : Single Family Residence
Status : Active
Originating System Name : REcolorado
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