Skip To Content

525 Red Lady Avenue , 241 - 246

Crested Butte, CO 81224
  • $2,999,000
  • STATUS: Active
  • ON SITE: 30 Days
  • MLS #: 836203
UPDATED: 212 min ago
$2,999,000
  • 0
    BEDS
  • N/A
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 5,855
    SQFT
  • $512
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1997
County:

School Ratings & Info

Listing courtesy of Peak Property Management & Sales: 970-349-6339.


Description

Exceptional opportunity to acquire a multi-family property featuring six (6) one-bedroom condo units in the heart of Crested Butte. Each unit has been condominimized, allowing for individual deeded ownership — perfect for investors seeking flexibility to sell units separately or operate as a rental portfolio. Don’t miss this rare opportunity to acquire 6 long term multi-family residential apartment units located in the Town of Crested Butte within the Majestic Plaza retail center adjacent to Clarks Market and on the Town of CB bus route. The units have a strong rental history making this an attractive investment opportunity. These units would be suitable for employee housing. Each spacious 2nd floor unit offers 1 bedroom, 1 bath, a large storage/laundry area with built in shelves, a gas fireplace, large windows capturing beautiful mountain views, and 1 off-street assigned parking space. Crested Butte, also known as Colorado’s last great ski town, is an up and coming resort community located 3 miles from the Crested Butte Mountain Resort now owned by Vail Resorts and included in the EPIC pass. The community offers exciting events, music, a creative arts district, and endless recreation opportunities. With all the Crested Butte has to offer the demand for long term rentals has always been high and will continue to be a desirable place for people to call home.

Monthly Payment Calculator

[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2026. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Destination DRO Real Estate Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2026-07-19T23:56:25.713.
www.destinationdro.com/homes/177953552
Print Image

525 Red Lady Avenue , 241 - 246 Crested Butte, CO 81224

  • Price: $2,999,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 212 min ago
  • MLS #: 836203
0
Beds
6
Baths
0
½ Baths
N/A
Acres
5,855
SQFT
$512
$/SQFT
1997
Built
Neighborhood:
Crested Butte (Town Of)
County:
Gunnison
Area:
Crested Butte
Property Description
Exceptional opportunity to acquire a multi-family property featuring six (6) one-bedroom condo units in the heart of Crested Butte. Each unit has been condominimized, allowing for individual deeded ownership — perfect for investors seeking flexibility to sell units separately or operate as a rental portfolio. Don’t miss this rare opportunity to acquire 6 long term multi-family residential apartment units located in the Town of Crested Butte within the Majestic Plaza retail center adjacent to Clarks Market and on the Town of CB bus route. The units have a strong rental history making this an attractive investment opportunity. These units would be suitable for employee housing. Each spacious 2nd floor unit offers 1 bedroom, 1 bath, a large storage/laundry area with built in shelves, a gas fireplace, large windows capturing beautiful mountain views, and 1 off-street assigned parking space. Crested Butte, also known as Colorado’s last great ski town, is an up and coming resort community located 3 miles from the Crested Butte Mountain Resort now owned by Vail Resorts and included in the EPIC pass. The community offers exciting events, music, a creative arts district, and endless recreation opportunities. With all the Crested Butte has to offer the demand for long term rentals has always been high and will continue to be a desirable place for people to call home.
Exterior Features

Acreage Range Less than 1/2 Carport No Lot Dimension Majestic Condos Parking Off Street1 per unit Property Attached Yes Stories 1 Street Description City/Town Water Public Water Well No Waterfront YN No

Interior Features

Finished Sq Ft 5855 Flooring CarpetLaminateTile Foundation Crawl Space Heating Fuel Source ElectricNatural Gas Heating System Electric BaseboardFireplace One Quarter Baths 0 Total Offices 0

Property Features

Books Available No Cam No Covenants YES Current Use Other Disclosures CovenantsDeed Restrictions Exchange Trade No Existing Utilities ElectricNatural Gas Fixtures Included No Inventory Included No Landlord Pays OA Dues Lease Included Yes New Construction YN No Oa Fees 2042.85 Oa Fees Frequency Monthly Oa Name Majestic HOA Owners Association Yes Possible Property Use Other Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2024 Tenant Pays ElectricGas Total Electric Meters 6 Total Gas Meters 6 Total Taxes 10094.58 Type Other Water Rights No Zoning Type Commercial

[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2026. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Destination DRO Real Estate Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2026-07-19T23:56:25.713.
 
https://bt-photos.global.ssl.fastly.net/cren/orig_boomver_1_836203-2.jpg https://bt-photos.global.ssl.fastly.net/cren/orig_boomver_1_836203-2.jpg https://bt-photos.global.ssl.fastly.net/cren/orig_boomver_1_836203-2.jpg
Logo
Destination DRO Real Estate Group
1163 E 2nd Ave
Durango CO, 81301-5155
Listing courtesy of Peak Property Management & Sales: 970-349-6339.