$575,000
●
House -
Off Market
1116 H St
Salida, CO 81201
Studio
0 Bath
1,286 Ft²
$645,489
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model
About This Property
Rare Gem in the Heart of Salida, CO! This updated 1924 home
is located on 2 3/4 city lots offering plenty of space for outdoor
living, or an Additional Dwelling Unit and/or Garage, should you
choose. Your children will enjoy the log play house in the
backyard and the well kept lawn. Lot 6 1/2 has water access already
in place. All windows have been replaced, plumbing and wiring
updated, and the home is well insulated. Move to Salida, CO and
take advantage of outdoor living at its finest; mountain biking,
whitewater rafting, kayaking, hiking, camping and skiing all within
minutes. Salida has one of the first Certified Arts Districts
in the State of Colorado. Visit the many shops and enjoy dining in
one of Salida's many restaurants.
Unit Size
1,286 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$456
Property Type
House
Property Taxes
$61
HOA Dues
-
Year Built
1950
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 11 months ago (REcolorado MLS #5617078)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 5, 2023 | Sold | ||
| Sold | |||
| Jul 25, 2023 | Listed by Pinon Real Estate Group LLC | $585,000 | |
| Listed by Pinon Real Estate Group LLC | |||
| | |||
|
Priced to sell! Sweet bungalow located in the heart of Salida. Enjoy a spacious yard. Build a large ADU. Add to the house. The large yard provides a myriad of opportunities. The home has an open floor plan with two bedrooms and two baths and the house has been well cared for. New roof at the end of 2021. The Assessor states the home was built in 1950 but it is likely older. The lot line on the right side of the house (when you are facing it) is fairly close to the house. Lot 6 1/2 is not included in the sale as previously advertised. Take a look and explore your possibilities! All buyers are to confirm possible uses of the property.
| |||
| Jul 16, 2023 | No longer available | - | |
| No longer available | |||
| Jun 16, 2023 | Price Decreased |
$649,000
↓ $21K
(3.1%) | |
| Price Decreased | |||
| May 4, 2023 | Price Decreased |
$670,000
↓ $29K
(4.2%) | |
| Price Decreased | |||
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Salida
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Listed by: Katwin Hinerman, Legacy Properties of Colorado
Last Updated: 11 months ago
Data Source: REcolorado MLS, MLS# 5617078
© 2026 REcolorado® All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado®. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 11 months ago
Data Source: REcolorado MLS, MLS# 5617078
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