224 5th Street, Hugo, CO 80821
Hugo · Lincoln County
Key Facts
Description
Unique opportunity to own a spacious, fully furnished two-story home in Hugo, Colorado, currently operated as a bed and breakfast. Situated on 21,000 sq. ft. this property offers 4398 total sq. ft. The home features 5 bedrooms and 3 bathrooms, with a functional layout that allows for both private living and guest accommodations. The main floor (1,310 sq. ft.) is well-suited for owner occupancy with its own kitchen, master bedroom, and 1.5 bathroom, while the upper level (1,292 sq. ft.) includes four bedrooms, two bathrooms and a kitchenette space currently used for rental purposes. Additional features include shared dining room, formal living room, and enclosed front porch space. There is an unfinished back porch and unfinished basement offering storage or future expansion potential. Recent improvements completed in 2025 include a new roof, new siding, and a new accessibility ramp. Currently listed on Furnished Finder, this property offers flexibility for continued use as a bed and breakfast, short- or mid-term rental, or as a primary residence. The layout supports an owner-operator setup with separate living quarters and income-producing space. Conveniently located in the town of Hugo with access to US Highway 40/287 and within reasonable distance to Limon and Denver, providing accessibility for travelers and extended-stay guests. Step into a fully operational, turnkey opportunity with endless potential.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Structure Type
House
Year Built
1910
Living Area
4,398 sq ft
Lot Size
0.48 acres
Parking Spaces
1
Ownership
Individual
Days on Market
84
MLS® Listing#
5672607
Property Features
Appliances
Heating
Basement
Construction
Roof
Sewer
Water Source
Rooms
- Main
- Upper
- Main
- Upper
- BedroomUpper
- BedroomUpper
- BedroomUpper
- BedroomUpper
- BedroomMain
- Dining RoomMain
- KitchenMain
- Living RoomMain
Schools
- Elementary:
- Genoa-Hugo
- Middle:
- Genoa-Hugo
- High:
- Genoa-Hugo
Financial Details
HOA
None
Annual Taxes
$1,963
Tax year 2025
Parcel Number
279732230012 & 279732230011
Affordability Calculator
$109,800
Estimated monthly payment
$2,922/mo
Principal $439,200 · Est. interest $612,723 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Hugo, CO
- $220,000
- Median Listing Price
- 38
- Median Days on Market
- 1,485
- Median Sq Ft
- $143
- Median Price / Sq Ft
- 13
- Active Listings
- This home’s price is 150% above the area median.
- Its price per sq ft is 13% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Hugo, CO.
Location
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Points of Interest in Hugo, CO
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EXIT Agents in Hugo
Listing Courtesy: Gordon Real Estate Group - janae@gordonregroup.com,719-349-0423
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PUBLISHER'S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.METROLIST, INC. will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
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