For Sale
1021 Grand Avenue
1021 Grand Avenue, Glenwood Springs, CO 81601
1021 Grand Avenue, Glenwood Springs, CO 81601
Nestled in the heart of Glenwood Springs, this rare multi-use property offers an outstanding opportunity
for investors seeking steady cash flow and long-term upside. The Glenwood Springs Hostel has a proven
rental track record, serving both short-term visitors and long-term tenants with its versatile layout and
income diversity. The property spans two well-maintained buildings: a charming historic front house
dedicated to nightly rentals, and a more modern rear building featuring a one-bedroom apartment and
additional short-term rental units.
With dual zoning flexibility, multiple income streams, and unbeatable
proximity to the region's top attractions, this asset is primed for continued success. Whether you are an
owner-operator or a passive investor, 1021 Grand Avenue delivers both immediate returns and future
growth potential.
Two Buildings. Multiple Income Streams. Timeless Demand.
1021 Grand Avenue is composed of two purpose-built residences: a character-rich 1910 front home offering monthly lodging and a 1994 rear building featuring a long-term apartment over monthly room rentals. Designed to meet demand from both tourists and workforce renters, this well-diversified asset produces consistent monthly income from 22 beds, a separate apartment, and laundry facilities - with all units currently occupied.
Contact us today for details or a private tour!
12
beds
4
baths
4,673 Sq.Ft. LIVING AREA
5,300 Sq.Ft. lot
This rare multi-use property offers an outstanding opportunity for investors seeking steady cash flow and long-term upside.
– Mike Mercatoris & Shilo Bartlett
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At both ends of the street, are entrepreneurs moving towards each other. Entrepreneurs (landlords) purchase commercial buildings. Entrepreneurs (tenants) fill commercial buildings.