Multifamily
Main Street Manor
601 E Main St, Trinidad, CO 81082
Listing Price: $1,890,000
Investment Overview
Marcus & Millichap is pleased to present 601 E Main Street, a 21-unit multifamily asset located in the heart of Trinidad, Colorado. This well-located property offers investors a rare opportunity to acquire a stable, income-producing community in a market experiencing renewed growth and cultural energy.
Positioned along Main Street, the property enjoys proximity to Historic Downtown Trinidad, offering residents walkable access to local restaurants, galleries, boutique shops, and picturesque mountain views. Its central location along the I-25 corridor also provides convenient connectivity to surrounding regions.
The unit mix—10 one-bedroom units and 11 two-bedroom units—caters to a broad renter base, from single professionals to small families. With strong in-place fundamentals and potential for cosmetic or operational upside, 601 E Main Street represents a compelling multifamily investment in one of Southern Colorado’s most scenic and vibrant communities.
Main Street Manor
Investment Highlights
- 21 units with in-place CAP of 7.1% and Year 1 pro forma CAP of 8.4%. 5-year levered IRR projected at 28% with cash-on-cash up to 16.7%.
- Average rent of $903 is an $850 monthly discount to ownership, sustaining renter demand.
- Downtown Trinidad is undergoing major revitalization with La Puerta, Hilton Garden Inn, and historic redevelopments fueling growth.
Exclusively Listed By
Listing Price: $1,890,000
Investment Highlights
- 21 units with in-place CAP of 7.1% and Year 1 pro forma CAP of 8.4%. 5-year levered IRR projected at 28% with cash-on-cash up to 16.7%.
- Average rent of $903 is an $850 monthly discount to ownership, sustaining renter demand.
- Downtown Trinidad is undergoing major revitalization with La Puerta, Hilton Garden Inn, and historic redevelopments fueling growth.
Investment Overview
Marcus & Millichap is pleased to present 601 E Main Street, a 21-unit multifamily asset located in the heart of Trinidad, Colorado. This well-located property offers investors a rare opportunity to acquire a stable, income-producing community in a market experiencing renewed growth and cultural energy. Positioned along Main Street, the property enjoys proximity to Historic Downtown Trinidad, offering residents walkable access to local restaurants, galleries, boutique shops, and picturesque mountain views. Its central location along the I-25 corridor also provides convenient connectivity to surrounding regions. The unit mix—10 one-bedroom units and 11 two-bedroom units—caters to a broad renter base, from single professionals to small families. With strong in-place fundamentals and potential for cosmetic or operational upside, 601 E Main Street represents a compelling multifamily investment in one of Southern Colorado’s most scenic and vibrant communities.
Exclusively Listed By
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