1069 US Highway 285
About This Property
Step back in time and discover the original charm of this spacious 1919 home, nestled on just under 3 beautifully maintained acres in Monte Vista. This unique property offers incredible potential for those looking to restore and personalize a piece of history. The main residence features 5 generously sized bedrooms and 3 full bathrooms. Original hardwood floors lie beneath the carpet on the main level, just waiting to shine again. The family room boasts built-in shelves surrounding the cozy fireplace, with large windows bringing in an abundance of natural light. In addition to the main home, there is an 888 sq ft Additional Dwelling Unit (ADU) featuring 2 bedrooms and 1 bathroom-perfect for rental income or multi-generational living. Plus, there's even more opportunity: the space above the detached garage could be converted into a loft or studio for additional living space or future rental income. The property is partially fenced for privacy and surrounded by lush grass, mature trees, and two wells that help maintain the grounds and provide irrigation for the back portion of the property. This home is perfect for gatherings and to enjoy the Colorado weather all year long. New roofs installed on all buildings in 2021.
Located near Monte Vista's charming downtown, this rare gem offers space, flexibility, and opportunity. Whether you're looking to invest, restore, or bring generations of family under one roof, this home has it all.
Don't miss out-schedule your showing today!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 15, 2025 | Sold | ||
| Sold | |||
| Nov 18, 2025 | In contract | - | |
| In contract | |||
| Sep 28, 2025 | Price Decreased |
$379,900
↓ $50K
(11.7%) | |
| Price Decreased | |||
| Jul 13, 2025 | Listed by Resident Realty Colorado | $430,000 | |
| Listed by Resident Realty Colorado | |||
| May 22, 2023 | Listed | $399,500 | |
| Listed | |||
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This spacious home is the perfect investment or your new forever home. It is currently being rented and has two homes on the property. It is located near the charming downtown of Monte Vista. It has two wells on the property to take care of all your needs. The main house has hard wood floors under the carpet that are just waiting to be retouched. The smaller home is a wonderful rental space or your new guest quarters while you stay in the main house. The property sits on almost 3 acres and has a well that can be used for irrigation in the back of the property. Call today to find out more!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017