212 1st Avenue

Ault CO 80610

0.07 ac.

Multi-Family

Last sold for $320,000

Justin Gesso, last sold this property on 20 March 2026 after 121 days on market.

Overview

Excellent investment property with a high cap rate. Lender value certification at $500,000. Small commercial unit (hair salon) as well as three residential units. Main floor holds rented Beauty salon and residential unit; upper level has 2 residential units. Parking in front for commercial unit and parking lot in back for residential units. All units have month-to-month leases. For utilities, currently the landlord pays gas, trash, water, and periodic yard clean up; tenants pay own electric (separately metered), except unit #3, which is billed back to the tenant minus $85/month. Main floor residential unit has its own furnace; other units have electrical baseboard heat. Tenant occupied, so please allow 48-hour notice for showings. Pre-approval or POF required prior to showings.

Features

0.07 ac. lot size

Multi-Family

Estimated Value

We need at least 3 similar multi families sold in Ault over the last 12 months.

Property history for 212 1st Avenue

2026

Sold

$320,000

20 Mar 2026 by Justin Gesso, of Pro Realty Inc

Happy sellers in Ault

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