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 191 O 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!
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 191 O 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!
Read More
Listing Highlights
Subtype
Single Family ResidencePrice Per Sq Ft
$363.58Year Built
1994Architectural Style
Other, Two StoryLiving Area (Sq Ft)
4673 sq.ftStories
2Tax Annual Amount
$4,699.52Lot Size (Acres)
0.12Heating
Hot Water, Forced AirCounty
GarfieldSubdivision
Townsite of Glenwood Springs
Property Details
- Interior Features
- Bedrooms: 12
- Total Bathrooms: 4
- Full Bathrooms: 4
- Basement: [object Object]
- Basement Description: Unfinished
- Laundry Features: Common Area
- Heating: Hot Water, Forced Air
Bedrooms
Bathrooms
Other Rooms
Interior Features
Heating & Cooling
- UtilitiesUtilitiesNatural Gas AvailableWater SourcePublic
- Exterior FeaturesLot FeaturesLandscaped
- ConstructionProperty TypeResidentialConstruction MaterialsFrameYear Built1994Property SubtypeSingle Family ResidenceNew ConstructionNoArchitectural StyleOther, Two StoryBuilding Area Total4673
Location
- CO
- Glenwood Springs
- 81601
- Garfield
- 1021 Grand Avenue
Payment Calculator
Enter your payment information to receive an estimated monthly payment
Home Price
Down Payment
Mortgage Loan
Year Fixed
Your Monthly Payment
$9,914.9
This payment calculator provided by Engel & Völkers and is intended for educational and planning purposes only. * Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. Data may not be reproduced or redistributed and may not be used for any purpose other than individual consumer's use. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Updated: May 7, 2025 11:10 PM