Canon City Real Estate | Canon City Multi-Family Homes for Sale

1219901 MLS

Conveniently located in the 1100 block of Main Street, this downtown 4-plex offers incredible potential and solid 1908 construction with great "bones." Owned by the same family for nearly 50 years, the property is now completely vacant and ready for a new owner to renovate—either unit-by-unit or all at once. Modernizing these apartments presents a prime opportunity to significantly increase rental income over historic rates. Each unit features separate meters for gas and electric service. Eligible for VA financing if a veteran buyer chooses to occupy one unit. Fully vacant and easy to show! (Note: Buyer to verify square footages).

1106 Main St, Canon City

Courtesy of Frontier West Realty .

$429,000

3108339 MLS

This home offers a variety of solutions to meet your needs. Factory-new home built just minutes from Canon City amenities. This home offers 2 living spaces. Unit A is a 3-bedroom 2-bathroom home with a 12x6 covered porch. Entering the home, you will find a full kitchen and a large living room, lots of windows to let in the light. Two bedrooms with large closets are adjacent to the living room. The first full bath is just down the hall. At the end of the hall, you will find the master bedroom with the second full bath and a walk-in closet. Back down the hall, there is a laundry area and a door leading out to the side yard. Unit B is a mirrored layout of Unit A. Both units have their own separate central air and heat/ laundry rooms, electric and gas metered separately, water and sewer metered as one. The home offers versatility to house you and your extended family, rent out one side, or stay for a year and begin your real estate investment portfolio. You can combine your ideas with the seller to choose how landscaping or fencing could suit you.

2406 N 9th St Unit A&B, Canon City

Courtesy of Properties Of Colorado Inc .

$429,000

6 Beds ⋅ 4 Baths ⋅ 3763405 MLS

This home offers a variety of solutions to meet your needs. Factory-new home built just minutes from Canon City amenities. This home offers 2 living spaces. Unit A is a 3-bedroom 2-bathroom home with a 12x6 covered porch. Entering the home, you will find a full kitchen and a large living room, lots of windows to let in the light. Two bedrooms with large closets are adjacent to the living room. The first full bath is just down the hall. At the end of the hall, you will find the master bedroom with the second full bath and a walk-in closet. Back down the hall, there is a laundry area and a door leading out to the side yard. Unit B is a mirrored layout of Unit A. Both units have their own separate central air and heat/ laundry rooms, electric and gas metered separately, water and sewer metered as one. The home offers versatility to house you and your extended family, rent out one side, or stay for a year and begin your real estate investment portfolio. You can combine your ideas with the seller to choose how landscaping or fencing could suit you.

2406 N 9th Street, Canon City

Courtesy of Properties of Colorado Real Estate Inc . properties@tysoncool.com

$429,000

3 Beds ⋅ 2 Baths ⋅ 241117 MLS

This home offers a variety of solutions to meet your needs. Factory-new home built just minutes from Canon City amenities. This home offers 2 living spaces. Unit A is a 3-bedroom 2-bathroom home with a 12x6 covered porch. Entering the home, you will find a full kitchen and a large living room, lots of windows to let in the light. Two bedrooms with large closets are adjacent to the living room. The first full bath is just down the hall. At the end of the hall, you will find the master bedroom with the second full bath and a walk-in closet. Back down the hall, there is a laundry area and a door leading out to the side yard. Unit B is a mirrored layout of Unit A. Both units have their own separate central air and heat/ laundry rooms, electric and gas metered separately, water and sewer metered as one. The home offers versatility to house you and your extended family, rent out one side, or stay for a year and begin your real estate investment portfolio. You can combine your ideas with the seller to choose how landscaping or fencing could suit you.

2406 N 9th St, Canon City

Courtesy of Properties Of Colorado CC .

$345,000

4 Beds ⋅ 2 Baths ⋅ 1586996 MLS

Updated, well-maintained, and truly rent-ready, this Cañon City duplex offers a strong investment opportunity on a convenient corner lot near Greenwood Avenue and 3rd Street. The property features approximately 2,016 square feet of total living space, a two-car garage, and a practical two-unit layout, believed to consist of two bedrooms and one bathroom per unit. Whether you're an investor, owner-occupant, or buyer seeking a house-hack opportunity, this property offers flexibility and long-term potential. Extensive updates have been completed with the goal of creating a durable, low-maintenance rental asset. The result is a clean and functional duplex that shows exceptionally well and is ready for immediate occupancy. Each unit offers comfortable living spaces, updated finishes, and an overall low-maintenance feel, while retaining select original features, including some windows and fiberglass shower surrounds. The property also presents multiple income opportunities. Previous ownership utilized one unit as a long-term rental and the other as a short-term rental, demonstrating the potential for a hybrid investment strategy. Buyers may choose to continue a combination of traditional and furnished rentals, and with the addition of amenities such as a hot tub or enhanced outdoor spaces, there may be further short-term rental potential. Conveniently located near downtown Cañon City, schools, shopping, restaurants, and everyday services, this duplex benefits from a desirable location with consistent rental demand. Whether you're expanding your investment portfolio, seeking a turnkey multifamily property, or exploring flexible rental strategies, this property represents a compelling opportunity in the Cañon City market.

228 Greenwood Avenue, Canon City

Courtesy of Century 21 Community First . erick@firstcolorado.com,614-440-9031

$599,000

8162592 MLS

Excellent Investment Opportunity! Well established income property featuring five 1-bedroom, 1-bathroom apartments. This turnkey investment offers steady cash flow and additional income potential with two rentable garage spaces. Tenants enjoy the convenience of an on-site coin-operated laundry facility, providing added value and supplemental revenue for ownership. Located near downtown Canon City, the property offers easy access to shopping, dining, employment and local amenities, making it an attractive option for renters. Whether you're expanding your portfolio of looking for your first multifamily investment, this property combines proven income performance, desirable amenities and a convenient location.

902 Greenwood Ave, Canon City

Courtesy of Proficient Property Management Serv .

$1,599,000

1530196 MLS

The Historical Post Office, constructed in 1931, sits prominently in the heart of Canon City, Colorado, offering an exceptional investment opportunity for savvy investors seeking to capitalize on potential multifamily and rental income. This architecturally striking building, a stunning example of Italian Renaissance Revival and Beaux Arts styles, features a newly renovated interior that blends historic charm with modern amenities. Spanning over 13,000 square feet, the versatile floor plan accommodates a range of possibilities, whether for unique commercial ventures or residential developments. The property boasts several outdoor features and a dedicated off-street parking lot, enhancing its appeal. Located in the scenic Royal Gorge Region, it is surrounded by renowned tourist attractions, including the Royal Gorge Bridge and Park, the Royal Gorge Route Railroad, and abundant outdoor activities like hiking, biking, climbing, and rafting. Listed on the National Register of Historic Places since 1985, this building retains original terrazzo and marble flooring, millwork, letterboxes, and light fixtures, ensuring a high level of historical integrity. With current zoning permitting multi-unit dwellings or hotel rental space above the ground floor as part of a mixed-use development, the second floor offers 3,404 square feet designated for multi-unit dwelling use. While the property is not currently configured for residential purposes, the potential for renovation presents an exciting opportunity for future investors to shape a vibrant living space in a prime location. Don't miss your chance to invest in a piece of history with limitless possibilities!

505 Macon Ave, Canon City

Courtesy of Real Broker, LLC .

$339,900

2727539 MLS

Flexible, Spacious Main Level Space in a Prime Business Location on Main Street in Canon City. The Property is centrally located 1 block off Highway 50 with easy access to and from any part of town. Near a host of restaurants, businesses, schools and shopping, the options are wide open for this property. Formerly a long running local salon. Infrastructure still exists for this or a related purpose. Updated Electrical and Plumbing Including On Demand Water Heater. All New, Flat Panel, LED Lights throughout. Freshly painted and ready for its new chapter as whatever a new owner would imagine. The Main Level has a Reception Area, Kitchen and Laundry Area, Restroom, Back Office, Separate Rooms, and Multiple Open Spaces for Work Stations of any kind. Keep Cool with multiple roof mounted swamp Coolers. Plenty of Main Street Parking and several private parking spots in the rear will accommodate yourself, employees and clients. Front Entrance, East Side Entrance and Rear Entrance with ramp make Access a Breeze from multiple points. The East Side Entrance also leads directly to the Partial Basement, with a ton of storage space as well as a Utility Restroom. Building Roof and Gutters to be Replaced Prior to Closing. Check out this property soon and put your imagination to work!

1118 Main St, Canon City

Courtesy of Homesmart Preferred Realty .

$375,000

7573562 MLS

Check out this spacious property with income potential! The main home offers 4 bedrooms, 2 bathrooms, and two separate living areas, providing flexibility for everyday living and entertaining. A wood-burning fireplace adds warmth and character, solar panels help keep heating costs down and recent updates including a newer roof and new carpet in two bedrooms make this home ready for it's next owner. Enjoy the enclosed front porch and enclosed back patio for added square footage and year-round use. Outside, the property features mature fruit trees including pear, apple, cherry, and established grape vines, along with RV parking and a carport. For those needing workspace or storage, this property is a dream with a the large insulated metal garage/shop with 220 electric and an additional two-level storage shed provide excellent functionality. The property also includes 4 DeWeese Ditch water shares, adding valuable irrigation support. If that weren't enough, a separate 1 bed, 1 bath ADU offers additional flexibility—ideal for rental income, guests, or multi-generational living. Additionally, this would make a great complete rental property to add to a portfolio by renting out both units. The home is priced to sell and offers a great opportunity for a buyer to bring their ideas to add their own touch. You won't want to miss the chance to own a versatile property combining space, utility, and income opportunity.

1550 Logan St, Canon City

Courtesy of Real Broker, LLC .

$349,000

7001669 MLS

**Exceptional Investment Opportunity: Four-Plex in Downtown Canon City** Unlock the potential of this outstanding investment opportunity with this fully occupied four-plex located in the heart of downtown Canon City. This property features four one-bedroom studio units, each leased Month to Month, making it an attractive option for both long term and short term rental strategies. Ideally situated in downtown Canon City, this property is just steps away from Main Street, placing residents within easy reach of an array of destinations like the Royal Gorge Railroad and the Canon City Riverwalk along with all of the shopping, dining, and nightlife options downtown has to offer. Boasting a strong rental track record, this property not only cash flows well but also offers a reliable income stream for investors. The four-plex has been recently painted and features a new roof. Additionally, one of the units has been thoughtfully updated, adding modern appeal and potential for higher rental income. This location is particularly well-suited for short-term rentals, making it a prime investment for those looking to capitalize on the growing demand for vacation accommodations in the area. With its excellent positioning and proven rental history, this four-plex presents a unique opportunity for both seasoned investors and those looking to break into the real estate market. Don’t miss your chance to invest in this thriving community!

104 Greenwood Ave, Canon City

Courtesy of Real Broker, LLC .

$360,000

1894268 MLS

SELLER WILL PAY 5,000.00 DOLLARS IN BUYER'S CLOSING COSTS!! Very attractive 3 bedroom/ 2 bathroom Duplex with Tri-level plan in quiet North Canon tree shaded location. Very large detached garage with alley access that might have possibilities as an accessory dwelling. The main level has a kitchen and living room with bamboo flooring. The upper level has two bedrooms. The garden level has a family room, a bedroom, a utility room, and 1/2 bathroom. Both sides have hot water heat. Units are a mirror floor plan of each other and are the type that the owner could live on one side and rent the other side. Roof has been replaced, and the outside painted approximately 3 years ago. Good rental history.

910 Allison Ave Unit A & B, Canon City

Courtesy of Brady Realty .

$600,000

9410032 MLS

Check out this fantastic income producing property with five units -all currently rented. This property has been well maintained over time, and has extra room for storage, splitting the lot, or adding other income producing options. Conveniently located between the highway, shopping and schools, this property would make a great solution for either owner occupied or fully remote landlords. All units have fridge & an electric range. Newer sewer lines. Separate electric & gas meters for all units.

608 Del Rey Ave, Canon City

Courtesy of Your Neighborhood Realty Inc .

$359,900

6180131 MLS

**Investment Opportunity: The Colorado House - Brick Duplex in Canon City** Discover a remarkable investment opportunity with "The Colorado House," a gorgeous brick duplex nestled in the vibrant heart of Canon City. Just a stone's throw from Main Street's delightful restaurants and shopping, this property combines historical charm with modern updates, making it an attractive option for savvy investors. This duplex boasts a rich history and a solid rental track record, ensuring a reliable income stream. Each one-bedroom unit is thoughtfully updated, featuring new flooring and well-maintained interiors that blend comfort with character. The generous-sized bedrooms provide ample living space, while the updated kitchens are perfect for today’s lifestyle. Each unit benefits from separate fenced outdoor areas, ideal for relaxation or entertaining. Additionally, a detached two-car garage offers valuable storage and parking options, enhancing the property's appeal. With current tenants on a month-to-month lease, you have the flexibility to adjust rental terms as needed. Plus, the new roof provides peace of mind for years to come. This is more than just a property; it's a gateway to a thriving community and a lucrative investment. Don’t miss out on the chance to own a piece of Canon City's history! *Photos are photoshopped to remove current tenants personal belongings.

523-525 N 5th St, Canon City

Courtesy of Real Broker, LLC .

$650,000

4463544 MLS

Multi use commercial/apartment building on State Highway 50 frontage. Currently main level is a 4520 Sqft commercial rental space, 2nd level houses 5 residential apartments ( large 2 bedroom, 1 bath unit and four 1 bedroom, 1 bath units) 14 space paved parking lot included also a 1 car garage bay and alley access. Outside entrance staircase to upstairs apartments and central laundry area. Currently Canon City General Commercial zoning allowing for a wide array of uses. Solid rental history.

708 Royal Gorge Blvd, Canon City

Courtesy of Frontier West Realty .

$449,900

8923346 MLS

This duplex at 489 & 491 N Raynolds Ave offers an outstanding opportunity for both investors and owner-occupants! These well-maintained duplexes feature 2 spacious units, each offering 3 beds, 2 baths, a living room AND a family room, and a comfortable kitchen with separate dining space. Whether you are looking to expand your investment portfolio or purchase a home while offsetting your mortgage with rental income, this property is full of potential. Live in one side and rent the other with financing options that may include conventional or VA loans. Current tenants are month-to-month, providing flexibility for the new owner. Tenants may choose to remain after closing or vacate with ample notice depending on buyer needs. Each unit offers a bright and open layout with large living rooms, spacious lower-level family rooms, and generously sized primary bedrooms designed to provide comfortable everyday living. Vaulted ceilings help create an open feel throughout the main living areas, while dining areas feature sliding doors leading to the privately fenced yards. Kitchens include the stove, refrigerator, microwave, dishwasher, and disposal. Interior flooring includes tile floors throughout the living rooms and lower-level spaces, laminate flooring in the kitchens and dining areas, carpeted stairs and upstairs bedrooms, and tile flooring in the upstairs bathrooms. Laundry closets are conveniently located within each unit for added functionality. Outside, each side offers its own fully fenced yard along with a private storage shed, providing excellent space for outdoor enjoyment and additional storage. Out front, you will find convenient concrete off-street parking for each unit, adding to the overall appeal and usability of the property. Located in a east Canon City location near shopping, dining, schools, and easy access to Highway 50, this duplex combines versatility, income potential, and everyday convenience in one attractive package.

489 & 491 N Raynolds Ave, Canon City

Courtesy of Home Town Real Estate Of Canon City .

$415,000

8776726 MLS

Looking for the perfect multi use space in the heart of Historic Canon City Colorado? Look no further than this recently renovated 1888 commercial building on Main Street. Located in the hustle and bustle of downtown, this 3 story building offers the flexibility of one large business space, ground floor business with room for apartments above, or multiple office spaces. The sky in the limit with a strong rental history, exterior entry/exit available on all three floors, charming historic features, and handicap accessible ground floor. New electrical has been run throughout this historic building, as well as, newer furnace and plumbing. Little needs to be done to move right in and open as the ground floor has ada compliant bathrooms, a kitchenette, 220 volt outlet, and a conference room, all while still maintaining its historic charm featuring original tin ceilings. The upper level has original hardwood floors throughout, charming original wooden doors, and a Victorian pocket door. With a little TLC the upper level could contain several apartments offering multiple sources of income while feeling separated from the ground level via an exterior deck access. At the rear of the upper level is an additional deck with mountain views and another staircase to access the alley behind the building. The lower level is currently used for storage but has concrete floors and the ability to re-open a door for access to the street level. With so many options available, this gorgeous Victorian is sure to provide a plethora of income producing options. Conveniently located in the heart of the central business district, this property enjoys close proximity to amenities, heavy foot traffic, and all downtown Canon City has to offer. Schedule your private tour today!

402 Main St, Canon City

Courtesy of Bhhs Rocky Mountain Florence .

$397,000

4706797 MLS

Discover an exceptional Investment Opportunity with this unique Multi Family property featuring TWO fully renovated single-family homes situated on ONE parcel. Each 2 Bedroom, 1 Bath home has been meticulously updated from top to bottom, showcasing new roofs, energy-efficient windows, fresh paint, modern flooring, stylish kitchens with new appliances and cabinetry, and contemporary bathrooms. The welcoming open layouts maximize space and efficiency, providing large bedrooms and generous living areas that create a comfortable atmosphere for residents. Each unit also includes dedicated laundry spaces, adding to the convenience and appeal of these homes. Perfectly move-in ready, this property is ideal for savvy investors or those seeking to live in one unit while renting the other or accommodating flexible family living situations under two separate roofs. Imagine the possibilities of shared living or generating rental income in a highly desirable area. Centrally located, this investment opportunity is just minutes away from schools, parks, and scenic trails, making it perfect for families looking to be involved in the community. With its exceptional features and prime location, this rare rental property presents tremendous potential for future appreciation and income generation. Don’t miss the chance to capitalize on this remarkable opportunity to secure a lucrative investment in today’s market!

732/519 College Avenue/8th St, Canon City

Courtesy of Real Broker, LLC .

$374,900

7899642 MLS

**Charming Victorian Triplex in Prime Canon City Location** Step into a remarkable investment opportunity with this Victorian triplex, nestled in the heart of Canon City near Main Street. Ideally located near parks, walking and biking trails, and the scenic Riverwalk, this property offers both charm and convenience, making it an ideal choice for savvy investors. Currently 100% occupied, this triplex boasts a strong long-term rental history, demonstrating its appeal and reliability as a lucrative investment. Each unit has been well maintained and updated over the years, ensuring comfortable accommodations for tenants while maximizing rental income potential. Key features include off-street parking for tenants, a common laundry area for added convenience, and a fenced backyard that provides a private outdoor space for residents. The property's exterior has recently been refreshed with new paint, enhancing its curb appeal, while new HVAC systems in each unit guarantee efficient heating and cooling. This unique building presents a fantastic opportunity for investors looking to acquire a well-proven asset in a desirable location. With its mix of historical character and modern amenities, this triplex not only serves as a reliable income source but also holds significant future potential in a thriving market. Don't miss your chance to invest in this exceptional property that combines charm, stability, and growth opportunities!

315 N 5th St, Canon City

Courtesy of Real Broker, LLC .

$624,900

6525359 MLS

**Exceptional Investment Opportunity in Downtown Canon City** Savvy investors, take note! This surprisingly stunning property in downtown Canon City is a true gem that has it all. After a major remodel and overhaul, this fully renovated triplex features three separate rental units, each exuding modern design and unique character that set them apart in the market. This highly profitable short-term rental property has been thriving since its inception, with solid financial numbers to back its success. The front units are mirror images of each other, each boasting three spacious bedrooms and three bathrooms, meticulously updated from wall to wall. Their well-thought-out layouts maximize space and comfort, while a shared patio area and a hot tub provide an inviting outdoor retreat for guests. The rear unit is equally impressive, featuring a smartly designed two-bedroom, two-bathroom layout, also newly renovated with modern charm. With alley access, this unit adds convenience and privacy, making it an attractive option for potential renters. All units have been upgraded with new electrical systems and HVAC, ensuring efficiency and comfort for occupants. The combination of modern amenities and thoughtful design creates a highly functional property that stands out in the competitive rental market. This is an unparalleled opportunity for an investor to step into an already established and successful business, with the potential to enhance its profitability even further. Don't miss your chance to capitalize on this remarkable investment in a prime location—your next successful venture awaits!

508-510 Greenwood Ave, Canon City

Courtesy of Real Broker, LLC .

$269,000

3681573 MLS

Looking for a sweet investment opportunity? Check out this unique property that features both a cozy front home and a charming cottage, all on one lot! Perfectly set up for the savvy investor or someone wanting to live with a little extra help on the mortgage. The front home greets you with a friendly porch, making it a welcoming spot for you or your tenants. It’s accessible right off Greenwood, which is super convenient. The back home, on the other hand, is tucked away for some added privacy and can be accessed through the alley — perfect for those who appreciate a bit of seclusion. Both homes are 2 bedrooms and 1 bath, complete with laundry hookups, making them ideal for long-term renters. Both homes have solid rental histories, so you can rest easy knowing you have a reliable income stream. Location? You’ve got it! You're close to downtown, with shopping, restaurants, and healthcare right at your fingertips. Whether you decide to keep them as rental units or want to move into one and let the other help cover your living costs, this property has great potential. It’s a versatile setup that can fit your lifestyle and investment goals perfectly.

211 Greenwood Ave, Canon City

Courtesy of Proficient Property Management Serv .

$585,000

8592306 MLS

Unique investment opportunity! 5 mobile homes with consistent rental income, all of them completely restored with a mid-century flair. The Vintage Mobile Home Park is well located just outside the Canon City limits, close to the Arkansas River with nearby hiking and biking trails, rock climbing, fishing, kayaking and the Royal Gorge Park & Railway. The restoration work includes flooring, fixtures, appliances, plumbing, electrical and heating. The park setting offers generous outdoor space, mature trees and accent fencing using re-purposed wood. Ideal blend of peaceful country living and modern amenities.

1535 Rosedale Ln, Canon City

Courtesy of Bhhs Rocky Mountain Florence .

$379,000

5068504 MLS

This great duplex is centrally located with great access to shopping, dining, etc. Currently occupied by owners in Unit B. Unit A is now vacant and will not be rented out by the current owners. This provides a great opportunity for a myriad of options for a buyer. Rent the other half, use the other half for a family member, whatever you do it will be your choice. Both units are in excellent condition and move in ready. Multiple upgrades in both units. Fresh paint in both units, new vinyl flooring in living area of Unit B. Newer front doors and storm doors on both units. Both units have central air conditioning, ceiling fans in the living areas and bedrooms. New faucets in kitchens and bathrooms. Recessed lighting. Both kitchens have a good amount of storage and an eat in dining area to the side of the kitchen. Wood porch area located on the North side of each property. These units are back to back with a 2 car garage on each end. Nice side yard area with raised flower beds and outdoor table and chairs, fully fenced. Alley access to unit B with parking for 2-3 vehicles or a small RV. Unit A has parking for at least 3 vehicles or a small RV or trailer, Room to turn around. The current owners have stayed vigilant on the upkeep and maintenance of the units. This is a great opportunity to live in one side and have income from the other unit.

304 N 15th St, Canon City

Courtesy of Reeves Real Estate Llc .

Canon City Multi-Family Properties for Sale

Newest Canon City Multi-Family Homes for Sale