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#823349, Jaima Giles, Listing office: LIV Sotheby's International Realty - CB
$895,000 List price
518 E Georgia Ave Gunnison, CO 81230
5 full
0.2 acres
Multi-Family
Property details
About 518 E Georgia Ave
Welcome to this historic Victorian gem nestled on a generous corner lot adjacent to the picturesque campus of Western Colorado University. This stately residence, proudly facing E Georgia Avenue, is a quintessential Gunnison Victorian, showcasing its timeless elegance and remarkable architecture. Well cared for, it has served as a successful multi-family rental property, boasting a strong rental history and remarkable tenant retention. Spanning three distinct levels, the main house features three individual units, each offering a unique living experience. Should you desire, this property can effortlessly transition into a magnificent primary residence. Outside, you'll find the beauty of mature trees shading the landscape, complemented by an efficient in-ground irrigation system to maintain its lush allure. An elevated deck, complete with finished and heated office or studio space, stands separate from the main house, offering a serene retreat for work or leisure. Convenience and functionality are at the forefront with an attached one-car garage, providing direct access to the main floor one-bedroom residence. This unit showcases a spacious kitchen, inviting living room, and a comfortable primary bedroom, all graced by high ceilings and historic custom woodwork that exude character and charm. A shared entryway and staircase beckons you to explore further, leading to the second-floor two-bedroom unit, followed by a third-floor one-bedroom rental unit. This diversified layout caters to a variety of rental options, making it a versatile investment opportunity. Adjacent to the alley and bordering Western’s campus housing, you'll discover a duplex, offering top and bottom units, along with an attached storage shed and basement access. The exterior of the duplex has been enhanced with new siding and insulation, ensuring year-round comfort. Ample off street parking and storage sheds to provide for the five separate units. This distinguished property stands as a testament to exquisite craftsmanship, featuring handcrafted woodwork and large windows that flood each unit with natural light. The unbeatable location, coupled with in-town living and proximity to the campus, makes it an exceptional investment opportunity in Gunnison. For those seeking more in-depth information, detailed apartment layouts, and financial insights, please do not hesitate to reach out. Experience the charm and grace of this historic Victorian home, where modern living meets timeless elegance.
Highlights
Home typeMulti Family
HeatingBaseboard, Steam
StatusActive
BasementYes
Lot size0.24 Acres
MLS #804738
Garage1 space
FireplaceNon functional, Den/Family Room
Summary
- Full Bathrooms: 5
- Appliances: Range, Oven, Refrigerator, Dishwasher, Washer, Dryer, Disposal, Microwave, Exhaust Fan
- Basement: Yes
- Flooring Type: Carpet, Wood, Linoleum
- Fireplace: Non functional, Den/Family Room
- Garage Space: 1 space
- Heating: Baseboard, Steam
- List Price: $895,000
- Lot: Corner Lot
- Directions: See map.
- Lot Size: 0.24 Acres
- MLS Number: 804738
- Office Name: Bluebird Real Estate, LLC
- Listing Agent: Brian Cooper
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Price information
Property sales
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Tax history
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Nearby schools
5
Gunnison Elementary School
Public District KG-5
1.0 mi
•1099 N 11th St
9
Crested Butte Community School
Public District KG-5
22.2 mi
•818 Red Lady Ave
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 $39,912. Residents of Gunnison, CO typically earn between $35k-100k each year. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
42%
<35k
50%
35k-100k
7%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
70%
Single, No Kids
7%
Single, with Kids
15%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
5%
<11 yrs old
3%
12-17 yrs old
76%
18-34 yrs old
14%
35-64 yrs old
2%
65+ yrs old
What do the neighbors do for fun?
Pro Wrestling
College Football
Soccer
Where do the neighbors shop?
Family Dollar
Express/Express For Men
Wal-Mart
Where do the neighbors go to eat?
Dominos Pizza
Sonic
Jimmy Johns
What do the neighbors drive?
Ford
Kia
Oldsmobile
What do the neighbors listen to?
New Country
Contemporary Inspirational- Oldies
All data provided by Home Junction and Claritas
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Frequently asked questions
About 518 E Georgia Ave
The listing price of 518 E Georgia Ave property is $895,000.
The property 518 E Georgia Ave is a multi located in Gunnison, Colorado, 81230.
Active Listing: 518 E Georgia Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 518 E Georgia Ave are: Gunnison Elementary School (GreatSchools Rating 5/10), Crested Butte Community School (GreatSchools Rating 9/10), Gunnison Middle School (GreatSchools Rating 3/10), Gunnison High School (GreatSchools Rating 5/10), Crested Butte Secondary School (GreatSchools Rating 8/10).
This home is located at 518 E Georgia Ave in Gunnison, CO and zip code 81230. Features: 5 bathrooms. It has been listed on Rocket Homes since June 16, 2023 and is currently priced at $895,000.
The number of homes for sale in Gunnison, CO increased by 39.3% between May and June 2025. Listings spent 89 days on the market in June 2025, and had a median list price of $799,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.