$10,000 Closing Credit¹
#819508, Karen Srebacic-Sites, Listing Office: Karen Srebacic-Sites, Independent Broker
#805317·
Listing Office: Keller Williams Realty Southwest Associates, LLC·
Listing Agent: Logan Austin
$2,475,000 List price
1428 Greene St Silverton, CO 81433
$10,000
Closing credit¹
0.1 acres
Multi-Family
Property details
About 1428 Greene St
A truly one of a kind acquisition opportunity in Silverton, CO, this mixed-use multifamily building is the largest apartment building in town with 10 residential units in addition to 3 commercial units on Silverton's main street. The property is 100% occupied with a strong historical occupancy and has been well maintained since construction. The building's exterior has recently been fully painted and the entire heating system has been improved and optimized. Amongst the 10 residential units there are 8 units offering a spacious 2 bed 2 bath layout with either bay-windows or french doors providing ample natural light and wonderful views of the San Juan Mountains that surround Silverton. The other two residential units are ground floor and ADA compliant with one unit being a large studio and the other being a 1 bed 1 bath with living space and separate kitchen area. All units have separate meters for electricity while the owner pays the other utilities and common area maintenance. Within the common areas is a coin op laundry room with 2 washers and 2 dryers that create additional income and are a great benefit for the tenants. Behind the building there are 4 covered parking spaces in the carport which have the option to create additional income as rented parking spaces. Significant opportunities for value add are found in the partially finished basement which totals 3,457 SqFt of space that has two points of egress and is tied into the robust sprinkler/fire suppression system that runs throughout the building. This space has an area that is stubbed out to create an additional bathroom and could be utilized as a gym facility, additional office spaces, or expansion of the paid storage areas and once finished would increase the total square footage of the building to 15,456. In addition, this property is located within the Business Pedestrian zoning district, which means this entire building has the ability to offer short term vacation rentals as a use by right, providing the owner various options in utilizing the property and maximizing their income. With the strict short term rental regulations in the region, this is a rare opportunity that does not come up often in beautiful Silverton, CO. The demand for housing in Silverton significantly outweighs the supply and this is an opportunity to be one of the largest providers of housing in the region.
Highlights
Home typeMulti Family
HeatingSteam, Floor Furnace
StatusActive
BasementYes
Lot size0.11 Acres
MLS #805317
ViewMountain(s), Valley
Summary
- MLS Number: 805317
- Office Name: Keller Williams Realty Southwest Associates, LLC
- Listing Agent: Logan Austin
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Get an agent. Get a mortgage. Save big.¹
$2,475,000
1428 Greene St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 01, 2021 | Home Sold | $1,300,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $221,731 | $9,894 |
| 2022 | $118,695 | $5,425 |
| 2021 | $124,566 | $6,176 |
| 2020 | $65,078 | $2,885 |
| 2019 | $65,078 | $2,885 |
| 2018 | $62,029 | $2,785 |
| 2017 | $62,029 | $2,772 |
History based on county public records data.
Nearby schools
8
Telluride Intermediate School
Public District 3-6
12.2 mi
•447 W Columbia Ave
6
Ridgway Elementary School
Public District PK-5
24.1 mi
•1115 Clinton St
7
Animas Valley Elementary School
Public District PK-5
30.0 mi
•373 Hermosa Meadows Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
All data from GreatSchools
Neighborhood
The neighbors living near this home have an average income of $47,618. Typical income of Silverton, CO residents is between $35k-100k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
29%
<35k
61%
35k-100k
10%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
61%
Single, No Kids
5%
Single, with Kids
21%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
5%
12-17 yrs old
21%
18-34 yrs old
51%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
NASCAR
Hunting
Pro Wrestling
Where do the neighbors shop?
Dollar General
Academy Sports & Outdoors
Bass Pro Shops
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
GMC
Oldsmobile
Chevrolet
What do the neighbors listen to?
Classic Country
Oldies
New Country
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 1428 Greene St in Silverton, CO and zip code 81433. Features: 0 bathroom. It has been listed on Rocket Homes since June 30, 2023 and is currently priced at $2,475,000.
Between January and February 2025, Silverton, CO real estate market has seen increase in the number of listings by 66.7%. Listings spent 93 days on the market in February 2025, and had a median list price of $726,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.