550 Castello Avenue, Fairplay, CO 80440

Fairplay
Local realty services provided by:ERA New Age
550 Castello Avenue,Fairplay, CO 80440
$1,400,000
  • 13 Beds
  • 7 Baths
  • 5,302 sq. ft.
  • Single family
  • Active
Listed by: kevin broadrick
Office: paffrath & thomas real estate
MLS#:3747128
Source:ML

Price summary

  • Price:$1,400,000
  • Price per sq. ft.:$264.05

About this home

Exceptional investment opportunity in the heart of Fairplay! This fully remodeled, turn-key five-unit apartment style building offers immediate income potential in one of Colorado's fastest-growing mountain communities. Rich in local history, 550 Castello Avenue has been extensively renovated over the past several years, blending historic character with modern updates to create an attractive, low-maintenance asset. The property encompasses more than 5,300 square feet and features five spacious apartments totaling 13 bedrooms. Every unit has been thoughtfully updated with new kitchens, remodeled bathrooms, updated flooring, fresh interior paint, modern lighting, new water heaters, and numerous additional improvements. A new roof further enhances the property's long-term value, allowing investors to focus on generating income rather than deferred maintenance. Ideally situated just two blocks from Highway 9 and only 22 miles from world-renowned Breckenridge Resort, the location offers...

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Home facts

  • Year built:1912
  • Subdivision & Development:Clark and Bogue
  • Listing ID #:3747128

Rooms and interior

  • Bedrooms:13
  • Total bathrooms:7
  • Full bathrooms:5
  • Half bathrooms:1
  • Flooring:Carpet, Tile, Vinyl
  • Kitchen Description:Dishwasher, Microwave, Range, Refrigerator
  • Basement:Yes
  • Basement Description:Finished
  • Living area:5,302 sq. ft.

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Roof:Shingle
  • Year built:1912
  • Building area:5,302 sq. ft.
  • Lot area:0.34 Acres
  • Construction Materials:Stucco
  • Exterior Features:Deck
  • Foundation Description:Concrete Perimeter
  • Levels:2 Story

Schools

  • High school:South Park
  • Middle school:South Park
  • Elementary school:Edith Teter

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,400,000
  • Price per sq. ft.:$264.05
  • Tax amount:$3,241 (2025)

Features and amenities

  • Laundry features:Common Area, Dryer, Washer
  • Amenities:Carbon Monoxide Detector(s), Gas Water Heater, Smoke Detector(s)

Parking

  • Total parking spaces:10
MLS LogoBased on information submitted to the MLS GRID as of September 5, 2026 02:48 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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