185 N Lena St, Unit CONDO D

Ridgway, CO 81432

$1,490,000
Price
3
Beds
4
Baths
3,424 Sq. Ft.
$435 / Sq. Ft.
3,424
Sq. Ft.
$435
per Sq. Ft.
a view of a house with large windows
a kitchen with granite countertop a sink and dishwasher with wooden floor
a kitchen with a refrigerator and a sink
a kitchen with stainless steel appliances granite countertop a sink stove and refrigerator
a kitchen with stainless steel appliances granite countertop a refrigerator a stove a sink dishwasher a oven with white cabinets and wooden floor
a view of a kitchen with a sink and cabinet
a kitchen with stainless steel appliances a sink and a refrigerator
a view of a kitchen with a refrigerator and wooden floor
a view of a kitchen with wooden floor and a window
a view of empty room with wooden floor and fan
a view of a small space with wooden floor and a window
a view of an empty room with wooden floor and a window
wooden floor in an empty room
a bathroom with a granite countertop sink toilet and shower
a bathroom with a sink and a mirror
a view of an entryway with wooden floor and windows
a view of a balcony with two chairs and a stove

Description

Condo D includes four deed-restricted residential units within the historic Old Firehouse building. The offering consists of three 1-bedroom/1-bath condos and one studio with a full bath. All units are newly finished and include an oven/range, refrigerator, dishwasher, washer, and dryer. Each residence also comes with a dedicated storage area and covered carport, and an elevator provides access to the residential level. The in-town location offers walkable access to restaurants, shopping, schools,...Condo D includes four deed-restricted residential units within the historic Old Firehouse building. The offering consists of three 1-bedroom/1-bath condos and one studio with a full bath. All units are newly finished and include an oven/range, refrigerator, dishwasher, washer, and dryer. Each residence also comes with a dedicated storage area and covered carport, and an elevator provides access to the residential level. The in-town location offers walkable access to restaurants, shopping, schools, parks, and community amenities. The deed restriction is income-based only, set at 140% of Area Median Income, with approximately 17 years remaining before the units convert to free-market status. Current rents are below the maximum allowable levels and still produce over a 5% return at the full asking price, offering stable performance with future upside. Workforce housing remains one of the most consistently sought-after segments in Ridgway and the surrounding region. Local employers across hospitality, education, healthcare, trades, municipal services, and recreation rely on attainable, well-located units like these to meet year-round staffing needs. With limited inventory and ongoing demand, units of this type remain highly successful rentals with dependable occupancy. Ridgway’s central position between two major employment hubs strengthens long-term demand. Ouray, approximately 10 minutes away, supports steady year-round jobs tied to tourism, lodging, and local services. Telluride, roughly 45 minutes west, is a major four-season destination with significant employment in hospitality, events, outdoor recreation, construction, and professional services. Many who work in Telluride choose to live in Ridgway for improved housing access and community amenities, making these units well-situated for a broad pool of renters. With reliable rental performance, walkable in-town convenience, and free-market conversion potential in the future, Condo D offers a balanced blend of present-day income and long-term value in a high-demand San Juan Mountain market.
  1. Listed by COLLEEN ALLER • KELLER WILLIAMS SOUTHWEST ASSOC
    P: (970)-901-7018 allerrealestate@gmail.com

Property Details for 185 North Lena Street, Unit CONDO D

Subdivision Name
Other
Architectural Style
Other, See Remarks
LISTING UPDATED: 01/08/2026 11:09 AM

Property Details for 185 North Lena Street, Unit CONDO D

StatusActive
MLS #20260077
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condominium
Year Built2024
CountyOuray County

Location

Listing Courtesy of KELLER WILLIAMS SOUTHWEST ASSOC, COLLEEN ALLER
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Building Information for 185 North Lena Street, Unit CONDO D

Building/Complex185 N Lena StFloor-Stories-Residences-Pet Policy-Pet Policy Details-Year Built2024

Payment Calculator

$7,262 per month

30 year fixed, 6.15% Interest

Principal and Interest

$7,262

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 185 North Lena Street, Unit CONDO D

Summary
Location and General Information
  • Accessibility Features: None
  • Directions: Town of Ridgway, North on Lena, property on the left.
  • Elementary School: Ridgway
  • High School: Ridgway
  • Middle Or Junior School: Ridgway Jr. High
  • Elevation: 6985
  • Road Frontage Type: City Street
  • Zoning Description: Mixed Use
Parking
  • Carport: Yes
  • Garage: Yes
  • Garage Spaces: 4.0
  • Parking Features: Carport
Taxes and HOA Information
  • Association Fee: $.00
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Maintenance Structure
  • Association: No
Property
Lot Information
  • Current Use: Residential, Single Family
  • Lot Features: None
  • Lot Size Dimensions: Irregular
  • Lot Size Source: Public Records
  • Parcel Number: 4305-162-47-001
Property and Assessments
  • Construction Materials: Metal Frame, Metal Siding, Stone
Utilities
  • Cooling: Heat Pump
  • Cooling: Yes
  • Heating: Natural Gas
  • Heating: Yes
  • Sewer: Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Shed
  • Fencing: None
  • Foundation Details: Basement
  • Patio And Porch Features: Deck, Open
  • Roof: Metal
  • Window Features: Window Coverings
Interior Features
  • Appliances: Dryer, Dishwasher, Electric Oven, Electric Range, Refrigerator, Washer
  • Basement: Concrete
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Laminate
  • Interior Features: Kitchen Dining Combo, Main Level Primary, Quartz Counters, Window Treatments
Room Information
Room 1
  • Room Type 1: Living Room
  • Room Level 1: Main
  • Room Dimensions 1: unknown
Room 2
  • Room Type 2: Laundry
  • Room Level 2: Main
  • Room Dimensions 2: unknown
Room 3
  • Room Type 3: Kitchen
  • Room Level 3: Main
  • Room Dimensions 3: unknown
Room 4
  • Room Type 4: Family Room
  • Room Level 4: Main
  • Room Dimensions 4: unknown
Room 5
  • Room Type 5: Dining Room
  • Room Level 5: Main
  • Room Dimensions 5: unknown
Room 6
  • Room Type 6: Primary Bedroom
  • Room Level 6: Main
  • Room Dimensions 6: unknown
Rental Information
Rent Information
  • Land Lease: No

Schools near 185 North Lena Street, Unit CONDO D

This home is within Ridgway R-2 School District.
Rating
School
Type
Grades
Distance
Ridgway Elementary School
Public - PK to 5
Ridgway Middle School
Public - 6 to 8
Ridgway High School
Public - 9 to 12
Rating
School
Distance
Ridgway Elementary School
PublicPK to 5

Ridgway Middle School
Public6 to 8

Ridgway High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 185 North Lena Street, Unit CONDO D, Ridgway, CO 81432

185 North Lena Street, Unit CONDO D is a condo for sale in Ridgway, CO 81432. This property was listed for sale on January 6, 2026 by KELLER WILLIAMS SOUTHWEST ASSOC, it's currently listed at $1,490,000. This listing's school district is Ridgway R-2 School District. Nearby schools include Ridgway Elementary School, Ridgway Middle School and Ridgway High School. 185 North Lena Street, Unit CONDO D is a 3-bed, 4-bath, 3,424 sqft condo built in 2024.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KELLER WILLIAMS SOUTHWEST ASSOC, COLLEEN ALLER

Based on information from one of the following Multiple Listing Services: CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.