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205 207 Park Ave Unit 2, Steamboat Springs

Located at the corner of Park Avenue and Grand Street in Steamboat’s highly desirable Old Town neighborhood, this updated property offers a rare income-producing opportunity with two independent rental units, one of which includes a grandfathered Short-Term Rental (STR) license—a privilege no longer attainable in this red zone location. The main residence blends timeless Steamboat character with modern finishes and has demonstrated solid STR performance, even with significant owner usage during periods of rental. The separate one-bedroom ADU, built in 2017, operates as a 30-day+ executive or seasonal rental, providing a dependable secondary income stream. Together, the two units have achieved combined historical gross rents of approximately $140K, with upside potential toward $180K based on recent STR projections. Minimal operating costs, no expensive HOA fees, and newer hot water heater / furnace help to ensure future profitability. This is a true turnkey live and/or lease opportunity, offering strong income generation along with the option to personally enjoy one of Colorado’s most beloved mountain towns and year-round destinations.

Located at the corner of Park Avenue and Grand Street in Steamboat’s highly desirable Old Town neighborhood, this updated property offers a rare income-producing opportunity with two independent rental units, one of which includes a grandfathered Short-Term Rental (STR) license—a privilege no longer attainable in this red zone location. The main residence blends timeless Steamboat character with modern finishes and has demonstrated solid STR performance, even with significant owner usage during periods of rental. The separate one-bedroom ADU, built in 2017, operates as a 30-day+ executive or seasonal rental, providing a dependable secondary income stream. Together, the two units have achieved combined historical gross rents of approximately $140K, with upside potential toward $180K based on recent STR projections. Minimal operating costs, no expensive HOA fees, and newer hot water heater / furnace help to ensure future profitability. This is a true turnkey live and/or lease opportunity, offering strong income generation along with the option to personally enjoy one of Colorado’s most beloved mountain towns and year-round destinations.

205 207 Park Ave Unit 2, Steamboat Springs

205 207 Park Ave, Steamboat Springs

This distinctive Old Town residence combines timeless Steamboat character with thoughtful modern updates. Conveniently positioned at the corner of Park Ave & Grand St, the property is close to Soda Creek Elementary & a short walk to downtown shops, dining, parks, & trails. This home has a highly coveted grandfathered-in Short Term Rental License. The original home, updated in 2021, blends historic charm with playful modern accents. The main level is well suited for entertaining, featuring a sunlit living room, open-concept kitchen, dining area, & den. The dine-in kitchen boasts stainless steel Thor appliances, 6-burner gas range, quartz countertops, & island with seating for four. A built-in banquette in the dining room sets the stage for memorable meals & entertaining. Off of the main level is a large walkout deck, perfect for dining al fresco on summer evenings. A main-level bedroom & bath add convenience for guests. Upstairs, the vaulted primary suite boasts exposed brick accents, ensuite bath featuring double vanity, oversized tub-shower with rain head, & walk-in closet. Two additional bedrooms, one of which has a charming bonus loft—ideal as a reading nook or play space, share a bath. The lower level includes a laundry room, mudroom/ski locker room, & office space. Relax in the hot tub after a day on the trails. Above the oversized 2-car garage sits a well-designed 1bd/1ba caretaker unit built in 2017. With modern finishes—concrete counters, butcherblock island, shaker cabinetry, & shiplap walls—the ADU has its own private entry and balcony. This space has performed exceptionally well as a 30+ day rental, offering both flexibility and income potential. The oversized 2-car garage features a dog wash & provides extra storage for gear, toys, & vehicles. Enjoy overflow parking for sprinter vans, snow mobiles, raft trailers, etc. This property is a unique opportunity to enjoy the very best of Old Town living, with significant income generating opportunity.

5 Beds ⋅ 4 Baths ⋅ S1062607 MLS

This distinctive Old Town residence combines timeless Steamboat character with thoughtful modern updates. Conveniently positioned at the corner of Park Ave & Grand St, the property is close to Soda Creek Elementary & a short walk to downtown shops, dining, parks, & trails. This home has a highly coveted grandfathered-in Short Term Rental License. The original home, updated in 2021, blends historic charm with playful modern accents. The main level is well suited for entertaining, featuring a sunlit living room, open-concept kitchen, dining area, & den. The dine-in kitchen boasts stainless steel Thor appliances, 6-burner gas range, quartz countertops, & island with seating for four. A built-in banquette in the dining room sets the stage for memorable meals & entertaining. Off of the main level is a large walkout deck, perfect for dining al fresco on summer evenings. A main-level bedroom & bath add convenience for guests. Upstairs, the vaulted primary suite boasts exposed brick accents, ensuite bath featuring double vanity, oversized tub-shower with rain head, & walk-in closet. Two additional bedrooms, one of which has a charming bonus loft—ideal as a reading nook or play space, share a bath. The lower level includes a laundry room, mudroom/ski locker room, & office space. Relax in the hot tub after a day on the trails. Above the oversized 2-car garage sits a well-designed 1bd/1ba caretaker unit built in 2017. With modern finishes—concrete counters, butcherblock island, shaker cabinetry, & shiplap walls—the ADU has its own private entry and balcony. This space has performed exceptionally well as a 30+ day rental, offering both flexibility and income potential. The oversized 2-car garage features a dog wash & provides extra storage for gear, toys, & vehicles. Enjoy overflow parking for sprinter vans, snow mobiles, raft trailers, etc. This property is a unique opportunity to enjoy the very best of Old Town living, with significant income generating opportunity.

205 207 Park Ave, Steamboat Springs

35 Butcherknife Aly, Steamboat Springs

35 Butcher Knife Alley presents a rare opportunity in one of downtown Steamboat’s most sought-after neighborhoods. Tucked away on a quiet, secluded street with no through traffic, this extensively updated property offers exceptional versatility with a true top-down duplex layout featuring separate entrances for both living spaces. Just blocks from schools, shopping, dining, and the hot springs, the location combines convenience with privacy and neighborhood charm. The upper level lives like a full residence with three bedrooms, two bathrooms, a beautifully updated kitchen, laundry, and multiple outdoor living areas. One of the bedrooms features its own private walkout to the deck, creating excellent flexibility for a home office, guest room, workout space, or additional living area. The lower level includes a separate two-bedroom, one-bath living space with its own entrance, while the downstairs foyer with dual access doors adds additional flexibility for storage, separation, or shared use. The home has been meticulously renovated throughout with brand new siding, windows, roof, appliances, updated kitchens and bathrooms, and new LVP flooring throughout. Outside, enjoy three decks, a fenced yard, and a storage shed, all contributing to the property’s functionality and livability. Opportunities like this in downtown Steamboat are increasingly difficult to find, especially at this price point. Priced to sell and ready for its next owner.

5 Beds ⋅ 3 Baths ⋅ S1068516 MLS

35 Butcher Knife Alley presents a rare opportunity in one of downtown Steamboat’s most sought-after neighborhoods. Tucked away on a quiet, secluded street with no through traffic, this extensively updated property offers exceptional versatility with a true top-down duplex layout featuring separate entrances for both living spaces. Just blocks from schools, shopping, dining, and the hot springs, the location combines convenience with privacy and neighborhood charm. The upper level lives like a full residence with three bedrooms, two bathrooms, a beautifully updated kitchen, laundry, and multiple outdoor living areas. One of the bedrooms features its own private walkout to the deck, creating excellent flexibility for a home office, guest room, workout space, or additional living area. The lower level includes a separate two-bedroom, one-bath living space with its own entrance, while the downstairs foyer with dual access doors adds additional flexibility for storage, separation, or shared use. The home has been meticulously renovated throughout with brand new siding, windows, roof, appliances, updated kitchens and bathrooms, and new LVP flooring throughout. Outside, enjoy three decks, a fenced yard, and a storage shed, all contributing to the property’s functionality and livability. Opportunities like this in downtown Steamboat are increasingly difficult to find, especially at this price point. Priced to sell and ready for its next owner.

35 Butcherknife Aly, Steamboat Springs