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

Excellent investment opportunity featuring a well-appointed duplex with two 3-bedroom, 2-bathroom units, offering a versatile combination of short-term and long-term rental income. Unit A is currently operated as a fully furnished, Airbnb/short-term rental and is equipped for guest enjoyment with a hot tub, gas grill, and gas firepit providing an attractive turnkey rental opportunity. Unit B is currently leased to a long-term tenant at $1,800 per month, including utilities, providing consistent rental income. Adding to the property's appeal is a 10 kW solar system serving the entire building, offering the potential to reduce overall utility costs and enhance operating efficiency. High quality artificial turf will keep the courtyards looking great with very little maintenance. This property provides multiple options for an investor, including continuing the existing short-term/long-term rental strategy, converting both units to long-term rentals, or occupying one unit while generating income from the other. Buyer to verify all rental income, expenses, utility costs, solar production/ownership, leases, licensing, zoning, and applicable short-term rental regulations.

23 Georgia Ln Unit A & B, Canon City

Courtesy of Sweet Homes Realty .

$350,000

3859335 MLS

BEAUTIFUL ORIGINAL DOWNTOWN 4 PLEX. STYLISH OLD TIME BRICK. THE APARTMENTS ARE RARELY VACANT. THE BUILDING HAS BEEN RE-WIRED AND EACH UNIT IS SEPARATELY METERED.

820 Macon Ave, Canon City

Courtesy of Fremont Realty LLC .

$339,900

7620145 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 Ave, Canon City

Courtesy of Century 21 Community First .

$263,900

5 Beds ⋅ 2 Baths ⋅ 2809188 MLS

Welcome to 219 Greenwood Avenue, Cañon City, CO 81212 a spacious and unique family home offering 5 bedrooms and over 2,000 square feet of comfortable living space. Whether you're looking for room to grow, space to work from home, or a property with character in a convenient location, this home is a must-see. Ideally situated just minutes from Cañon City's iconic Clock Tower, downtown shopping, restaurants, schools, and exciting new business developments, this property offers the perfect blend of established neighborhood charm and easy access to the city's continued growth. Enjoy nearby parks, the Arkansas River, and endless outdoor recreation, all while being close to everyday amenities. Inside, you'll find a flexible floor plan with generous living spaces and five well-sized bedrooms, providing endless possibilities for large families, multi-generational living, guests, or home office space. Homes of this size are a rare find in this location, making this an exceptional opportunity for buyers seeking both space and value. This property also boasts a strong rental history, making it an attractive opportunity for investors seeking consistent income or buyers looking for a home with proven investment potential. Don't miss your chance to own this distinctive Cañon City home in the heart of one of Southern Colorado's most welcoming communities. Schedule your private showing today!

219 Greenwood Avenue, Canon City

Courtesy of LPT Realty . adrienne@aherzogrealty.com,303-597-8720

$290,000

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 .

$425,000

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 .

$425,000

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

$425,000

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 .

$339,900

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 .

$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 .

$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 .

$439,900

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 .

$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 .

$570,000

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 .

Canon City Multi-Family Properties for Sale

Newest Canon City Multi-Family Homes for Sale