Investment Overview

Marcus & Millichap is pleased to present the Pagosa Springs Apartments, a 98-unit multifamily community located in Pagosa Springs, CO. The Property was built in 1995 as the Pagosa Inn and Suites, and was converted into a workforce housing apartment community in 2023. The Property offers a healthy mix of studios, one-beds, two-beds, and three-beds, averaging 277 SF, 365 SF, 537 SF, and 688 SF, respectively. All units are equipped with microwaves, refrigerators, and electric cooktops (studios/one-beds) or full range/oven (two-beds/three-beds). Pagosa Springs Apartments is located just off US Hwy 160 in Pagosa Springs. This area provides terrific access to local restaurants and shops – including City Market and Walmart – within walking distance, and is just a six-minute walk from the City Market Bus Stop which connects to 20 other bus stops across town. This location offers stunning nature views and outdoor amenities including multiple hot springs, family and wildlife parks, Chimney Rock, the Wolf Creek Ski Area, and much more.