232 Main St

3,408 Sq. Ft.
$497 / Sq. Ft.
3,408
Sq. Ft.
$497
per Sq. Ft.

Description

Location! Location! Location! Exceptional investment opportunity in the heart of beautiful Ouray, Colorado, otherwise known as the Switzerland of America, situated directly on Main Street and within easy walking distance to restaurants, shops, hot springs, hiking trails, world renowned Via Ferrata and Ice Climbing Park and all the attractions that make Ouray one of Colorado's most desirable mountain destinations. Originally built in 1888 and thoughtfully remodeled from top to bottom in 2019, this...Location! Location! Location! Exceptional investment opportunity in the heart of beautiful Ouray, Colorado, otherwise known as the Switzerland of America, situated directly on Main Street and within easy walking distance to restaurants, shops, hot springs, hiking trails, world renowned Via Ferrata and Ice Climbing Park and all the attractions that make Ouray one of Colorado's most desirable mountain destinations. Originally built in 1888 and thoughtfully remodeled from top to bottom in 2019, this historic property seamlessly blends timeless character with modern comfort and convenience. The building features five separate turnkey 1-bedroom, 1-bath apartments, each equipped with a full kitchen and furnished for immediate operation. Current reservations and future bookings can transfer to the new owner, providing instant income potential from day one. Guests enjoy one of the "best seats in the house" from the expansive upper balcony, offering spectacular views of Ouray's renowned July 4th and New Year's Eve fireworks shows, along with breathtaking mountain scenery year-round. This property is truly an Investor's Dream, offering strong performance and attractive returns with a 6.6% CAP Rate and priced to sell. Additional features include a detached two-car garage with a large storage area above, plus abundant off-street guest parking behind the building. A significant advantage is that the property is not subject to City of Ouray short-term rental permit requirements, STR taxes, or related operational guidelines due to its zoning and tax classification, creating a rare and valuable opportunity in a market with increasing STR regulations. Whether you're seeking a proven income-producing asset, a legacy investment, or a premier hospitality property in one of Colorado's most picturesque mountain towns, this exceptional Main Street offering delivers location, income, flexibility, and historic charm in one remarkable package.
  1. Listed by Lee Ann Parden • Wild West Realty, LLC
  2. Listed by Sharon Wild • Wild West Realty, LLC

Property Details for 232 Main Street

Water Front
No
Zoning
Commercial
Views
Mountains
Subdv Name
Other
LISTING UPDATED: 06/19/2026 01:38 AM

Property Details for 232 Main Street

StatusActive
MLS #836067
Days on Market5
Taxes$14,664 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeRESIDENTIAL / Stick Built
Year Built1888
Lot Size0.10 AC / 4,356 SF
CountyOuray County

Location

Listing Courtesy of Wild West Realty, LLC, Lee Ann Parden; Wild West Realty, LLC, Sharon Wild
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Building Information for 232 Main Street

Stories2Year Built1888Building Size-Lot Size0.10 AC / 4,356 SF

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$9,668 per month

30 year fixed, 6.36% Interest

Principal and Interest

$8,446

Property Taxes

$1,222

HOA Dues

$0

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Property Information for 232 Main Street

Summary
Location and General Information
  • Directions: 232 Main Street, Ouray on the southwest end of town.
Parking
  • RV Parking: No
  • Carport Y/N: No
  • Garage Type: Detached Garage
  • Garage Capacity: 4
  • Garage Y/N: Yes
School Information
  • Elementary School: Ouray K-6
  • Middle School: Ouray 7-8
  • High School: Ouray 9-12
Taxes and HOA Information
  • HOA Y/N: No
  • Tax Year: 2025
  • Total Taxes $: 14664
Property
Property and Assessments
  • Domestic Water Source: City Water
  • Domestic Sewer Source: Public Sewer
  • FIPS Code: 08091
  • Legal/Lot Block: Subd: CITY OF OURAY Lot: 15 Block: 14 EAST 87 FT OF LOTS 15-16 Subd: CITY OF OURAY Lot: 16 Block: 14 S: 31 T: 44 R: 7
  • Foreign Owned Y/N: No
  • Photo Count: 21
  • New Construction Y/N: No
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Lot Size/Acerage: Less than .25
  • Current Property Use: Mixed-Use
  • Parcel ID #: 4.51531308016E11
Green Features
  • Green Certification Y/N: No
  • HERS Rated Y/N: No
  • Energy Star Qualified Y/N: No
  • LEED for Homes Y/N: No
  • NAHB/NGBS-ICC 700 Y/N: No
Utilities
  • Internet Service Y/N: Yes
  • Internet Provider: Other
  • Water Heater: Gas Water Heater
  • Utilities: Electric, Natural Gas, Internet, Phone - Cell Reception
  • Addit Living Quarters: No
  • Water Well: No
Multi Family
Multi-Family Information
  • Residence Stories: Two Story
Interior and Exterior Features
Room Information
  • 1/2 Baths: 0
  • 3/4 Baths: 0
  • 1/4 Baths: 0
  • Total Bathrooms: 5.00
  • Total Office/Den(s): 0
Interior Features
  • Furnished: Furnished
  • Foundation/ Basement: Basement-walk out
  • Heating Fuel/Source: Natural Gas
  • Heating System: Boiler
  • Interior Inclusion: All Furnishings
Exterior Features
  • Residence Style: Victorian
  • Construction Type: Wood Frame
  • Roof: Asphalt
  • Exterior Inclusions: Deck, Balcony
  • Exterior Structures: Garage

Property History for 232 Main Street

DateEvent & SourcePriceAppreciation
Jun 14, 2026

Listed (Active)

CRENMLS #836066

$1,695,000—
Jun 14, 2026

Listed (Active)

CRENMLS #836067

$1,695,000—
Aug 21, 2024

Sold

TMLS #16699

—
DateEvent & SourcePrice
06/14/2026

Listed (Active)

CRENMLS #836066

$1,695,000
06/14/2026

Listed (Active)

CRENMLS #836067

$1,695,000
08/21/2024

Sold

TMLS #16699

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 232 Main Street

Taxable ValueLand$29,770Additions$204,140Total$233,910
Tax Record2025$14,664 ($1,222 / month)
Home Facts
Total Finished SqFt3,760 SqFtAbove Grade Finished SqFt3,760 SqFtLot Size4,356 SqFtStyleHotel / MotelYear Built1950CountyOURAYAPN451531308016

Schools near 232 Main Street

This home is within Ouray R-1 School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Ouray Elementary School
PublicPK to 4

Ouray Middle School
Public5 to 8

Ouray Senior 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.

Similar Homes

232 Main Street is a single family home for sale in Ouray, CO 81427. This property was listed for sale on June 15, 2026 by Wild West Realty, LLC, it's currently listed at $1,695,000. It has been on the market for a total of 5 days and was last sold on August 22, 2024. This listing's school district is Ouray R-1 School District. Nearby schools include Ouray Elementary School, Ouray Middle School and Ouray Senior High School. 232 Main Street is a 5-bed, 5-bath, 3,408 sqft single family home built in 1888.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Wild West Realty, LLC, Lee Ann Parden; Wild West Realty, LLC, Sharon Wild

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.