102 & 104 Palmer Avenue, Poncha Springs, CO 81242
N/A · Chaffee County
Key Facts
Description
Investment opportunity in the heart of Poncha Springs with strong rental history and mountain views. Situated on a spacious 0.29 acre lot, this duplex offers two well maintained 2 bedroom, 1 bathroom units, each providing approximately 810 square feet of living space. Whether you're looking to expand your investment portfolio or offset your mortgage by living in one unit while renting the other, this property offers flexibility and income potential. Both units are currently occupied and generate $1,400 per month each, with leases in place through July 2026. Current tenants have expressed interest in remaining, creating the opportunity for immediate and continued rental income. Owner currently pays water and sewer while tenants are responsible for their own utilities. The property enjoys beautiful mountain views and sits on an oversized lot offering ample space for parking, outdoor living, gardening, or future improvements. Conveniently located in Poncha Springs just minutes from downtown Salida, residents enjoy easy access to parks, shopping, restaurants, schools, and year round recreation. The combination of location, flexibility, and outdoor lifestyle continues to make this area highly desirable for both renters and homeowners. With stable occupancy, established rental income, and the versatility to serve as either an investment property or owner occupied residence, this is an opportunity worth exploring.
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Structure Type
Duplex
Year Built
1996
Living Area
1,620 sq ft
Lot Size
0.29 acres
Parking Spaces
4
Ownership
Corporation/Trust
Zoning
T4 - GENERAL URBAN ZONE
Days on Market
2
MLS® Listing#
6576983
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Flooring
Parking
Laundry
Patio
Fencing
Lot Features
Construction
Roof
Utilities
Sewer
Water Source
Schools
- Elementary:
- Longfellow
- Middle:
- Salida
- High:
- Salida
Financial Details
HOA
None
Annual Taxes
$1,718
Tax year 2025
Parcel Number
R380510225157
Affordability Calculator
$125,000
Estimated monthly payment
$3,327/mo
Principal $500,000 · Est. interest $697,544 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Poncha Springs, CO
- $522,114
- Median Listing Price
- 72
- Median Days on Market
- 2,030
- Median Sq Ft
- $252
- Median Price / Sq Ft
- 5,890
- Active Listings
- This home’s price is 20% above the area median.
- Its price per sq ft is 53% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Poncha Springs, CO.
Location
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Points of Interest in Poncha Springs, CO
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Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 7863 Mounted Ranger Dr, Colorado Springs, CO | $437,900 | 3 | 3 | 1,653 |
| 7863 Mounted Ranger Drive, Colorado Springs, CO | $437,900 | 3 | 3 | 1,653 |
| 7863 Mounted Ranger Drive, Colorado Springs, CO | $437,900 | 3 | 3 | 1,653 |
| 11409 Pikeminnow Place, Colorado Springs, CO | $437,990 | 3 | 3 | 1,786 |
| 6149 Mumford Drive, Colorado Springs, CO | $438,500 | 3 | 3 | 1,482 |
| 956 Beucler Lane, Pagosa Springs, CO | $438,500 | 3 | 2 | 1,736 |
Moving Cost Estimate
EXIT Agents in Poncha Springs
Listing Courtesy: Century 21 Community First - post@firstcolorado.com,719-539-6682
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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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