108 New St
About This Property
Outdoor access is woven into everyday life here. From the in-town trail systems perfect for hiking and running to the popular singletrack networks on Methodist Mountain and Tenderfoot Mountain, the opportunities for recreation are endless. The Arkansas River, which flows right through Salida, provides Gold Medal trout fishing, kayaking, and whitewater rafting just minutes from your future doorstep.
Welcome home. Small-town charm. Big Colorado life. Built on community and connection.
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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 |
|---|---|---|---|
| Jul 6, 2026 | Listed | $275,000 | |
| Listed | |||
| Sep 2, 2025 | No longer available | - | |
| No longer available | |||
| Jun 21, 2025 | Price Decreased |
$330,000
↓ $55K
(14.3%) | |
| Price Decreased | |||
| Feb 24, 2025 | Listed by HomeSmart Preferred Realty | $385,000 | |
| Listed by HomeSmart Preferred Realty | |||
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Two buildable lots in the heart of Salida-zoned R-2 Medium Density with mountain views, walkability, and ADU potential. Whether you're a builder seeking your next project or a buyer envisioning a custom home with added flexibility, these side-by-side parcels offer rare potential. Public utilities are nearby, the lots are level and ready for you're vision, just minutes from downtown Salida, the Arkansas River, trails, and schools. No HOA. Priced to move!
Located just minutes from downtown Salida, 110 & 108 New Street offer a rare opportunity to build within city limits-close to trails, local life, and all the outdoor adventure this iconic town is known for. Zoned R-2 Medium Density, the lots support a variety of residential configurations, including designs with accessory dwelling units (ADUs), guest quarters, or flexible layouts suited for multigenerational living.
The Salida lifestyle is centered around connection-to creativity, community, and the outdoors. With an established arts scene, locally owned shops, and events throughout the year, Salida offers an inviting, dynamic atmosphere. The Salida Hot Springs Aquatic Center is just minutes away, and Mount Princeton Hot Springs Resort is a scenic 35-minute drive for year-round soaking and spa amenities.
Outdoor access is woven into everyday life here. From the in-town trail systems perfect for hiking and running to the popular singletrack networks on Methodist Mountain and Tenderfoot Mountain, the opportunities for recreation are endless. The Arkansas River, which flows right through Salida, provides Gold Medal trout fishing, kayaking, and whitewater rafting just minutes from your future doorstep.
Welcome home. Small-town charm. Big Colorado life. Built on community and connection.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017