$265,000
●
Land -
Off Market
209 River Ridge Ln
Salida, CO 81201
Studio
0 Bath
$308,065
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model
About This Property
River Living! Experience Salida at its Best ... live right on the
edge of the Arkansas River. River lots available in Salida's
newest neighborhood... River Ridge. Perfectly located a leisurely
pedal from downtown Salida, yet far enough to enjoy the sounds of
the river in a quiet idyllic residential setting. River Ridge
includes a green pocket park and one of the last opportunities to
own a river lot in town. This lot allows for single-family
with an ADU or multi-units. One (1) Inclusionary Housing fee has
been paid. Start building your Salida story today!
Unit Size
-
Days on Market
-
Land Size
0.15 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$33
Year Built
-
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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: 5 months ago (REcolorado MLS #IRE8656501)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 26, 2025 | Sold | ||
| Sold | |||
| May 27, 2025 | In contract | - | |
| In contract | |||
| Mar 11, 2025 | Listed by Pinon Real Estate Group LLC | $425,000 | |
| Listed by Pinon Real Estate Group LLC | |||
| | |||
|
River Front lot! Build a house right on the edge of the Arkansas River in one of Salida's newest neighborhoods, River Ridge. Perfectly located close to downtown Salida (approximately 1 mile), but far enough away to enjoy the peace and quiet the river has to offer. This lot is one of the last opportunities to own a river lot in town. The lot allows for a single family home and an accessory dwelling unit (ADU) or 3 units (Buyer to verify with the City of Salida to make sure they can build what they want) giving you the flexibility to build your dream home with amazing views of the mountains and the river.
| |||
| Apr 11, 2024 | Sold | ||
| Sold | |||
| Jan 5, 2024 | Listed by Pinon Real Estate Group LLC | $399,000 | |
| Listed by Pinon Real Estate Group LLC | |||
| | |||
|
River Living! Experience Salida in one of the newest and most desired neighborhoods, River Ridge..live right on the edge of the Arkansas River. Perfectly located a leisurely pedal or walk from downtown Salida, yet far enough to enjoy the sounds of the river in a quiet idyllic residential setting. One of the last opportunities to own a river lot in town. This lot allows for single-family with an ADU or up to 3 units (Buyer should verify with the city of Salida to make sure they can build what they want). Start building your riverfront Salida story today!
| |||
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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 Chaffee
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Listed by: Susan Hughes,
Last Updated: 5 months ago
Data Source: REcolorado MLS, MLS# IRE8656501
© 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: 5 months ago
Data Source: REcolorado MLS, MLS# IRE8656501
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