138 River Ridge Ln
About This Property
Offering 1,414 sq. ft. of living space, this home includes 3 bedrooms, 2.5 bathrooms, and an open-concept Great Room with soaring 9-foot ceilings. The main floor flows seamlessly from the living and dining areas to a stylish kitchen featuring quartz countertops, stainless steel appliances, pantry, eat-in island, and chic lighting. A guest powder room and direct access to the fully fenced backyard with concrete patio make entertaining effortless.
Upstairs, the primary suite includes a private bathroom, while two additional bedrooms share a second modern, tiled bath. Hardwood floors, ceiling fans, and designer details throughout add warmth and sophistication.
The oversized, insulated 1-car garage provides additional storage, while the low-maintenance exterior with stone accents ensures lasting curb appeal. Landscaping will include shrubs and trees to enhance the front yard.
With its thoughtful layout, premium finishes, and ideal location, this townhome offers the perfect balance of convenience, comfort, and Colorado lifestyle. Don't miss the opportunity to make River Ridge your new home.
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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 |
|---|---|---|---|
| Nov 19, 2025 | Price Decreased |
$674,900
↓ $4K
(0.6%) | |
| Price Decreased | |||
| Oct 8, 2025 | Price Decreased |
$678,900
↓ $11K
(1.6%) | |
| Price Decreased | |||
| Sep 11, 2025 | Listed by HomeSmart Preferred Realty | $689,900 | |
| Listed by HomeSmart Preferred Realty | |||
| Oct 26, 2022 | Sold | ||
| Sold | |||
| Jul 1, 2022 | Listed by Pinon Real Estate Group LLC | $589,000 | |
| Listed by Pinon Real Estate Group LLC | |||
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Brand new Townhome in River Ridge Subdivision in Salida with beautiful views of the Sangre de Cristo mountains and close proximity to the Arkansas River. This home has 3 bedrooms, 2.5 bathrooms and is 1,414 square feet. The large Great Room boasts an open floor-plan with 9 ft ceilings, living, dining and kitchen overlooking the fully fenced in, private back yard with concrete patio. There is also a powder room for your guests just off the Great Room. Designer finishes include quartz countertops throughout, ample kitchen work space & eat-in island, stainless steel appliances, pantry, hardwood floors, chic lighting, ceiling fans and tile. Upstairs you will find
the master suite with private bathroom and 2 additional bedrooms and another contemporary tiled bathroom. The attached 1 car garage is oversized to allow for storage and insulated and finished. Landscaping in the front yard will have shrubs and trees. Low maintenance exterior with stone accents. Conveniently located in River Ridge which is approximately 1 mile from downtown Salida, shops and dining. Don't miss this one...it offers it all!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017