1021 Grand Avenue, Glenwood Springs, CO 81601 (MLS# 189162) -

1021 Grand Avenue, Glenwood Springs, CO 81601

$1,699,000

Property Type: Residential Bedrooms: 12 Baths: 4 Square Footage: 4,673 Lot Size (sq. ft.): 5,300 Status: Pending

Current Price: $1,699,000 List Date: 1/01/2026 Last Modified: 3/07/2026

Overview

Description

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 fr ... (Read more)

Listing Details MLS# 189162

Location Info

Type: Single Family Residence
Major Area: Glenwood Springs
Area: 09-Glenwood Proper
Original List Price: 1699000
Asking Price: 1699000
Street #: 1021
Street Name: Grand
Street Suffix: Avenue
City/Town: Glenwood Springs
State/Province: CO
Postal Code: 81601

Keywords Info

Total Baths: 4
Baths - Full: 4
Acreage: Refer to Lot Size
Garage: No
Pre-Fabricated Home: No

Listing Info

Seller/Owner is Licensed: No
REO: No
Member Association: Glenwood Association
County: Garfield

General Info

Sub/Loc: Townsite of Glenwood Springs
Legal: SECTION: 9 TOWNSHIP: 6 RANGE: 89 SUBDIVISION: ORIGINAL TWNSTE. GLENWOOD BLOCK: 18 LOT: 22 AND:- LOT: 23 & PT OF LOT 21 5
Zoning: M2
Nbr of Acres: 0.12
Lot SqFt: 5300
Lv Ht SqFt: 4673
Total SqFt: 4673
Price/LvH SqFt: 363.58
ud_i_02: 3
Main Floor Primary Bedroom: No
Year Built: 1994
Parcel #: 218509427011
Directions: South on Grand Ave, Property is on the West side of Grand
Unfinished SqFt: 0

Financing Info

Metro Tax District: No
Taxes: 4699.52
Tax Year: 2024
Transfer Tax: No
HOA Dues Y/N: No
HOA Transfer Fee: No
Total HOA Fee Per Year: 0

Status Change Info

Under Contract Date: 2026-02-27
Proposed Close Date: 2026-04-30
Sold Price Per/SF: 0

More Information

Remarks

Public Remarks: 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!

Laundry Facility

Common Area: Yes

Style

Two Story: Yes
Other: Yes

Construction

Frame: Yes

Condition

Good: Yes

Basement/Substructure

Unfinished: Yes

Gas

Natural Gas: Yes

Water

Public: Yes

Sanitation

Sewer: Yes

Water Rights

No: Yes

Extras

Landscaping: Yes
Storage Shed: Yes

Mineral Rights

No: Yes

Heating

Forced Air: Yes
Hot Water: Yes

Documents on File

House Plans: Yes

Terms Offered

Cash: Yes
New Loan: Yes

Possession

Negotiable: Yes

Inclusions

See Remarks: Yes

Exclusions

See Remarks: Yes

Sign

No: Yes

Property Features

Laundry Facility: Common Area Style: Two Story; Other Construction: Frame Condition: Good Heating: Forced Air; Hot Water Gas: Natural Gas Water: Public Sanitation: Sewer Possession: Negotiable Extras: Landscaping; Storage Shed Terms Offered: Cash; New Loan Mineral Rights: No Water Rights: No Documents on File: House Plans Sign: No Inclusions: See Remarks Exclusions: See Remarks

Listing Office: Compass Aspen

Last Updated: March - 07 - 2026

Broker Attribution: 970-925-6063

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