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Photo 1 of 16 — 525 Red Lady Avenue 241 - 246, Crested Butte, CO 81224
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525 Red Lady Avenue 241 - 246, Crested Butte, CO 81224

Crested Butte (Town of) · Gunnison County

Key Facts

6Baths
5,855Sq Ft
1997Year Built

Description

Exceptional opportunity to acquire a multi-family property featuring six (6) one-bedroom condo units in the heart of Crested Butte. Each unit has been condominimized, allowing for individual deeded ownership — perfect for investors seeking flexibility to sell units separately or operate as a rental portfolio. Don’t miss this rare opportunity to acquire 6 long term multi-family residential apartment units located in the Town of Crested Butte within the Majestic Plaza retail center adjacent to Clarks Market and on the Town of CB bus route. The units have a strong rental history making this an attractive investment opportunity. These units would be suitable for employee housing. Each spacious 2nd floor unit offers 1 bedroom, 1 bath, a large storage/laundry area with built in shelves, a gas fireplace, large windows capturing beautiful mountain views, and 1 off-street assigned parking space. Crested Butte, also known as Colorado’s last great ski town, is an up and coming resort community located 3 miles from the Crested Butte Mountain Resort now owned by Vail Resorts and included in the EPIC pass. The community offers exciting events, music, a creative arts district, and endless recreation opportunities. With all the Crested Butte has to offer the demand for long term rentals has always been high and will continue to be a desirable place for people to call home.

Property Information

Property Type

Commercial Sale

Year Built

1997

Living Area

5,855 sq ft

MLS® Listing#

836203

Property Features

Heating

BaseboardElectricNatural Gas

Flooring

CarpetLaminateTile

Basement

Crawl Space

Parking

Off Street

Utilities

Natural Gas Available

Water Source

Public

Financial Details

HOA

$2,043 / Monthly

Monthly

Annual Taxes

$10,095

Tax year 2024

Parcel Number

325503186021

Directions

Heading into town of Crested Butte on HWY 135 (North), take the first left turn onto Red Lady Avenue. Building is on the right.

Affordability Calculator

$599,800

Estimated monthly payment

$15,962/mo

Principal $2,399,200 · Est. interest $3,347,097 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Crested Butte, CO

$1,000,000
Median Listing Price
89
Median Days on Market
1,470
Median Sq Ft
$958
Median Price / Sq Ft
247
Active Listings
  • This home’s price is 200% above the area median.
  • Its price per sq ft is 47% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Crested Butte, CO.

Location

Map showing the location of 525 Red Lady Avenue 241 - 246, Crested Butte, CO 81224

Points of Interest in Crested Butte, CO

Showing the Crested Butte area map.

Nearby Schools

  • Crested Butte Elementary School

    Elementary · 0.3 mi away

  • Little Red Schoolhouse

    Elementary · 6.4 mi away

  • Marble Charter School

    School · 18.1 mi away

  • Gunnison Middle School

    Secondary · 21.7 mi away

  • Lake School

    School · 21.8 mi away

  • Gunnison High School

    Secondary · 22.1 mi away

  • Seasons Schoolhouse

    School · 22.3 mi away

  • Aspen Country Day School

    Secondary · 22.8 mi away

  • Aspen High School

    Secondary · 23.5 mi away

  • Aspen School District

    Elementary · 23.5 mi away

  • Aspen Elementary School

    Elementary · 23.5 mi away

  • Aspen Middle School

    Secondary · 23.5 mi away

  • Aspen Mountain Tots

    School · 24.1 mi away

  • Little Red School House

    Elementary · 24.2 mi away

  • Aspen Community School

    Elementary · 29.2 mi away

  • Paonia Elementary School

    Elementary · 33.0 mi away

  • Paonia High School

    Secondary · 33.3 mi away

  • Basalt High School

    Secondary · 34.0 mi away

  • Basalt Middle School

    Secondary · 34.6 mi away

  • Basalt Elementary School

    Elementary · 34.6 mi away

Commute Calculator

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Moving Cost Estimate

EXIT Agents in Crested Butte

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Listing Courtesy: Peak Property Management & Sales

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2026. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to "limited license" rights. Duplication or reproduction is prohibited.
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Date Last Updated

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SOURCE: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network (CREN). All data deemed reliable but not guaranteed and should be independently verified. The information contained in this publication is subject to change without notice. TERMS OF USE: This publication is designed to provide information with regard to the subject matter covered. This listing information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

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PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act of 1968 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.

FAIR HOUSING DISCLAIMER

PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes 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. Please check with your local government agency for more information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by CREN. MLS® Listing#836203. © 2026EXIT Realty®. All rights reserved.