537 W 7th
About This Property
Looking for the perfect location to build your Salida dream home? Look no further! Green Heart Subdivision is a thoughtfully designed four-lot community focused on fostering a welcoming, neighborhood feel. Ideally located just steps from the Salida Monarch Trail and minutes from downtown, these spacious lots offer a rare opportunity to create a home that embraces both nature and convenience. Each lot is generously sized to comfortably accommodate a primary residence and an ADU, providing flexibility for homeowners. Design services are available through Land & Water Concepts, a local residential design company owned by one of the subdivision's lot owners. This collaboration ensures continuity in design, maximizing views, solar potential, and outdoor living spaces.
With electric, water, and sewer already stubbed to each lot, no additional street cuts are required (tap fees not included). There is shared driveway access for Lots 3 and 4 will be finished with gravel for a practical and polished touch. Additionally, short-term rentals are permitted with limits and per City of Salida regulations. Inclusionary Housing fees are due at time of permitting.
Don't miss this opportunity to secure an incredible in-town lot and start living the Salida lifestyle. Come explore this exceptional homesite 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 |
|---|---|---|---|
| Aug 15, 2025 | Sold | ||
| Sold | |||
| Jul 31, 2025 | In contract | - | |
| In contract | |||
| Mar 12, 2025 | Listed | $242,000 | |
| Listed | |||
| Jul 20, 2024 | Listed | $242,000 | |
| Listed | |||
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This prime piece of land located at 537 W 7th St in Salida, CO is a rare find with endless possibilities. Situated on a spacious 0.15 sq.ft. lot, this property is ideal for building your dream home. The land is conveniently located in a desirable neighborhood, offering easy access to all the amenities that Salida has to offer. An added bonus is that this R1 lot offers R2 setbacks.With a blank canvas to work with, you have the freedom to design and build the perfect home that suits your needs and preferences. Whether you envision a cozy cottage, a modern masterpiece, or a charming getaway, the choice is yours.The location of this property is truly unbeatable, with stunning mountain views and close proximity to outdoor recreational activities such as hiking, biking, fishing, and skiing. Additionally, the vibrant downtown area of Salida with its unique shops, art galleries, and restaurants is just a short distance away.Don't miss this incredible opportunity to own a piece of land in one of Colorado's most sought-after locations. This property at 537 W 7th St is a fantastic choice. Take advantage of this rare find and bring your vision to life on this beautiful piece of land in Salida.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017