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1018 Grand Ave, Glenwood Springs, CO, 81601

4beds
4baths
1,687sqft
$1,097,000
$650price/sqft
$6,320/moest. monthly cost
$252,800/yrincome needed

About This Home

Are you seeking a multi-unit income producing property with mixed use zoning in the core of Glenwood Springs? If so, this property should be considered. Located on Grand Avenue with terrific visibility and convenient access to all things in the Roaring Fork Valley, this property offers office space on the main level and a lockoff two bedroom apartment upstairs. The main level offers versatility with three offices or bedrooms in addition to a greeting room, full kitchen, dining area, and bathroom. Additionally, there is a detached one car garage and private parking area behind the home. The upstairs apartment has a large wrap around deck with amazing views of the surrounding mountains and downtown area. Many updates in recent years provide a new owner the opportunity to use the property as is or convert to their desire while also collecting rents and/or providing workforce housing on site.

Getting Around

90
WalkingVery Walkable
0
TransitVery Limited Transit
73
BikeVery Bikeable

Schools

4/10
9/10

Construction

Condition

  • Property condition: Average
  • Year built: 1923

Materials

  • Roof: Metal,Composition
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Architectural style: Victorian
  • Property subType: Multi Family

Interior

Appliances

  • Laundry features: In Bathroom

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 1
  • 3/4 bathrooms: 2
  • 1/2 bathrooms: 1

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: A/C

Interior Area

  • Total structure area: 1,687
  • Total interior livable area: 1,687 sqft

Property

Details

  • Parcel number: 218509428003
  • Zoning: M2 - Mixed Use

Lot

  • Lot size: 6,098 sqft
  • Features: Landscaped

Parking

  • Total spaces: 1
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered 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

  • Inland Flooding
    Inland FloodingVery High
  • Lightning
    LightningRelatively High
  • Avalanche
    AvalancheModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Avalanche
Wildfire

FEMA Declared Disasters Across Colorado Counties

Fire
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 $5,547$66,564
Home Insurance *$231$2,772
Property Taxes $356$4,272
Electricity $186$2,232
Total$6,320$75,840
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$216,685/yr
40% on housing$189,600/yr
45% on housing$168,533/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: 15.1%
15.1%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 1.9%
1.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$650This listing

vs Other Active Listings

Avg $/sqft

ZIP 81601$419
Garfield County$470

vs Homes Sold Last Month

Median $/sqft

ZIP 81601$440
Garfield County$337

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
2026-04-10Listed for sale$1,195,000
2017-07-20Sold$530,000
2017-05-05Pending sale$549,000
2017-03-01Listed for sale$549,000
2017-01-01Listing removed$549,000
2016-08-30Price change$549,000
2015-09-18Listed for sale$599,000
2014-03-13Listing removed$475,000
2014-03-07Price change$475,000
2014-01-28Price change$499,000
2013-10-19Price change$580,000
2013-09-06Listed for sale$619,000
2007-11-01Sold$660,000

For Sale by Agent

AgentShawn Manwaring
BrokerageAspen Snowmass Sotheby's International Realty - Glenwood Springs

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