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3 Beds
1 Bath
1,388 sqft

$347,400

550 W Main Street, Cedaredge CO, 81413

Price per sqft$250.29
Built in1958
Property size1,388 sqft
Property typeResidential
Listed by Adam Renfrow with Renfrow Realty 970-249-5001

Overview

Active

Listed Jan 30, 2026

Updated Aug 6

Welcome to a turn-key income property in the heart of downtown Cedaredge, offering immediate cash flow and flexible living options. This fully leased property includes two residences, ideal for investors or owner-occupants seeking rental income. The primary home features 1,388 square feet with three bedrooms (one non-conforming), one bathroom, and a carport with attached storage. Recent updates include new flooring, an updated kitchen and bathroom, and modern fixtures throughout. A detached 384-square-foot studio ADU, built in 1995, includes its own kitchen, bathroom, and living space. Recent improvements include new flooring and a new water heater. Both units are currently leased, producing immediate income with a strong 6.50%+ cap rate. For owner-occupants, the layout offers an ideal house-hack or multi-generational living setup—live in one unit while offsetting your mortgage with rental income. Located within walking distance to Cedaredge City Park and downtown amenities, with easy access to the Grand Mesa for year-round recreation including hiking, fishing, cross-country skiing, and skiing at Powderhorn. A rare opportunity to own a low-maintenance, income-producing property in one of Delta County’s most desirable small-town settings.

$2,311/mo

Est. mortgage payment based on a $347,400 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
831309

Interior Features

Bedrooms
3
Bathrooms
1
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.14 Acres

Listed by Adam Renfrow with Renfrow Realty 970-249-5001


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Data last updated on: 8/6/2026

 

 

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