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224 5th Street, Hugo, CO, 80821

5beds
4baths
4,398sqft
$549,000
$125price/sqft
$4,030/moest. monthly cost
$161,200/yrincome needed

About This Home

Unique opportunity to own a spacious, fully furnished two-story home in Hugo, Colorado, currently operated as a bed and breakfast. Situated on 21,000 sq. ft. this property offers 4398 total sq. ft. The home features 5 bedrooms and 3 bathrooms, with a functional layout that allows for both private living and guest accommodations. The main floor (1,310 sq. ft.) is well-suited for owner occupancy with its own kitchen, master bedroom, and 1.5 bathroom, while the upper level (1,292 sq. ft.) includes four bedrooms, two bathrooms and a kitchenette space currently used for rental purposes. Additional features include shared dining room, formal living room, and enclosed front porch space. There is an unfinished back porch and unfinished basement offering storage or future expansion potential. Recent improvements completed in 2025 include a new roof, new siding, and a new accessibility ramp. Currently listed on Furnished Finder, this property offers flexibility for continued use as a bed and breakfast, short- or mid-term rental, or as a primary residence. The layout supports an owner-operator setup with separate living quarters and income-producing space. Conveniently located in the town of Hugo with access to US Highway 40/287 and within reasonable distance to Limon and Denver, providing accessibility for travelers and extended-stay guests. Step into a fully operational, turnkey opportunity with endless potential.

Getting Around

30
WalkingCar-Dependent
0
TransitVery Limited Transit
58
BikeBikeable

Schools

6/10
Genoa-Hugo SchoolGrades PK-120.1 mi

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1910

Materials

  • Roof: Composition
  • Construction materials: Frame,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Freezer,Microwave,Oven,Refrigerator,Washer

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bathroom

  • Level: Main

Bathroom

  • Level: Main

Bathroom

  • Level: Upper

Bathroom

  • Level: Upper

Bedroom

  • Features: Primary Suite
  • Level: Main

Bedroom

  • Level: Upper

Bedroom

  • Level: Upper

Bedroom

  • Level: Upper

Bedroom

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1
  • Main level bathrooms: 2
  • Main level bedrooms: 1

Dining Room

  • Level: Main

Features

  • Finished area below ground: 0
  • Finished area above ground: 2,842

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Air Conditioning-Room

Interior Area

  • Total structure area: 4,398
  • Total interior livable area: 4,398 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Property

Details

  • Parcel number: 279732230012 & 279732230011
  • Special condition: Standard
  • Exclusions: Furnishings Can Be Negotiated For An Additional Purchase Price.

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 0.48 Acres

Parking

  • Total spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hail
    HailVery High
  • Strong Wind
    Strong WindVery High
  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveRelatively High
  • Drought
    DroughtRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Hail
Strong Wind
Winter Weather
Cold Wave
Drought
Inland Flooding
Lightning
Tornado
Wildfire

FEMA Declared Disasters Across Colorado Counties

Flood
Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,776$33,312
Home Insurance *$712$8,544
Property Taxes $210$2,520
Electricity $332$3,984
Total$4,030$48,360
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$138,171/yr
40% on housing$120,900/yr
45% on housing$107,466/yr

Colorado FAIR Plan Programs

Colorado FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.4%
11.4%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 19.6%
19.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$125This listing

vs Other Active Listings

Avg $/sqft

ZIP 80821$53
Lincoln County$90

vs Homes Sold Last Month

Median $/sqft

ZIP 80821
Lincoln County$121

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-06Listed for sale$549,000
2009-08-25Sold$65,000

For Sale by Agent

AgentJana Ewing
BrokerageGordon Real Estate Group

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