1345 E. Street, Salida, CO, 81201
About This Home
Prime Mixed-Use Development Opportunity with Existing Home. 4 Lots Included Discover a rare investment opportunity with this large Mixed-Use Neighborhood (MU-N) zoned property in an excellent location, just a short bike ride from downtown Salida. This expansive offering includes all four lots and boasts stunning mountain views, outstanding development flexibility, and strong income potential. The property currently features a 3 bedroom, 1 bath home and a detached garage, offering the option to renovate, rent, or utilize the existing structures during the planning and development process. The home is a true diamond in the rough, ready to be transformed into a profitable asset or repurposed to maximize the site’s highest and best use. Once the existing home and garage are removed, the property may accommodate up to 5 residential units, presenting an excellent opportunity for multi-family development such as a duplex, triplex, townhomes, or similar configuration (buyer to verify with City of Salida). The Mixed-Use Neighborhood zoning also allows for a variety of commercial and lodging uses, including the potential for a boutique hotel, motel, hostel, or other income-producing project, making this a versatile opportunity for investors, builders, and developers looking to capitalize on Salida’s strong growth and housing demand. With its prime location near downtown amenities, restaurants, shopping, recreation, and bike paths, this property combines location, zoning flexibility, and development potential in one compelling package. Don’t miss this exceptional opportunity to create value in one of Salida’s most desirable areas. Please see the virtual tour for additional perspective on the property and its potential.
Getting Around
Somewhat Walkable
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Property condition: Fixer
- Year built: 1900
Materials
- Foundation: Concrete Perimeter
- Roof: Composition,Rolled/Hot Mop
- Construction materials: Frame,Stucco
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Self Cleaning Oven
- Laundry features: In Unit
Bathroom
- Features: En Suite Bathroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Features
- Built-in Features
- Window features: Double Pane Windows,Window Coverings
- Flooring: Laminate,Wood
- Finished area above ground: 987
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: Forced Air
- Cooling features: None
Interior Area
- Total structure area: 987
- Total interior livable area: 987 sqft
Kitchen
- Level: Main
Laundry
- Level: Main
Living Room
- Level: Main
Property
Details
- Parcel number: R380705319108
- Zoning: Residential/Commercial
- Special condition: Standard
- Exclusions: Sellers Personal Property
Features
- Levels: One
- Stories: 1
- Entry location: Ground
- Patio & porch: Covered,Front Porch
- Exterior features: Lighting
- Fencing: None
- Residential vegetation: Grassed
Lot
- Lot size: 7,500 sqft
- Features: Corner Lot,Landscaped,Level,Many Trees,Mountainous,Near Public Transit
Parking
- Total spaces: 2
- Parking features: Exterior Access Door,Lighted,Oversized,Tandem
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
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
- Inland Flooding
- Lightning
- Avalanche
- Winter Weather
- Hail
- Landslide
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters Across Colorado Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,787 | $45,444 |
| Home Insurance * | $216 | $2,592 |
| Property Taxes | $181 | $2,172 |
| Electricity | $186 | $2,232 |
| Total | $4,370 | $52,440 |
Income You'd Need if You Spent...
Colorado FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-01 | Price change | $749,000 |
| 2025-10-15 | Listed for sale | $799,000 |
| 2025-07-07 | Listing removed | $545,000 |
| 2025-06-26 | Listed for sale | $545,000 |
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