133 N 3rd St, Victor, CO 80860 For Sale

This 7-unit multifamily investment property is a rare opportunity to acquire a stabilized asset in a growing mountain market. Originally built in 1899 and renovated in 2008, the property blends historic character with functional updates.

The building features seven residential units and is currently offered at an aggressive price of $649,000, providing an attractive cap rate based on ACTUAL performance. With an actual NOI of $49,896, this asset presents strong cash flow potential for investors seeking yield.

While the property could benefit from TLC, it offers immediate upside through operational improvements, unit additions (potentially subsidized by city), unit upgrades, and rental optimization. This is an ideal value-add opportunity for investors looking to enhance returns in a supply-constrained rental market.

133 N 3rd Street is ideally located in the heart of Victor, Colorado, a historic mountain town positioned along the scenic Highway 67 corridor between Cripple Creek and Woodland Park. Victor has experienced renewed interest from investors and visitors due to its rich mining history, charming downtown, and proximity to outdoor recreation.

The property sits within walking distance to local restaurants, shops, and historic attractions, offering tenants a true small-town Colorado lifestyle. Victorʼs close proximity to Cripple Creek provides access to employment opportunities in gaming, tourism, and hospitality, while still maintaining a quieter residential atmosphere. The area continues to see steady demand for rental housing, supported by limited inventory and consistent tenant occupancy.