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Rare residential Triplex in the heart of beautiful downtown Ouray, Colorado. Three Residences. One extraordinary gated compound. Immediate cash flow with proven rental income, strong appreciation potential in downtown Ouray, and multiple exit strategies for investors. $116k gross short-term rental revenue in 2025. Mission Rock Triplex is composed of TWO spacious 3 bedroom / 2 bathroom units in an up/down duplex format, PLUS a charming historic (c.1900) free-standing Cottage. The upper 3-bedroom has vaulted ceilings and south facing windows and deck looking at Mt. Abrams. Outside of the office loft, all livable square footage is on one level. At over 2000 livable square feet, the street level 3-bedroom is larger than many houses in town. All livable square footage is on one level, Flexible use scenarios exist for the new owner. Sell off individual units and charge those owners HOA dues. Rent the units (short or long term) in a variety of configurations. Estate plan to deed individual units to family members. Or keep the whole thing for private use. Today all 3 units are active Short-Term Rentals with STR Licenses from the City of Ouray with actual rental histories on file -- inquire for details with Broker. The Mission Rock is a complete renovation and historic adaption of one of Ouray's early single-family homes with appurtenant guest house. The original stone walls of the house and the guest house are in use today. The up/down duplex could be refashioned into a 6 bedroom / 4 bathroom single-family house of over 3500 livable square feet. 117 7th Avenue is street-level 3 bed / 2 bath / 2070 s.f. livable with a welcoming west facing porch. 119 7th Avenue is upper-level vaulted ceiling 3 bed / 2 bath / 1 office loft with a deck / 1454 s.f. livable. 115 7th Avenue is the historic 1 bed / 1 bath / 1 loft / 761 s.f. livable Cottage. Premier gated 8200 s.f. corner lot with stone walls. Call/text/email today to learn more about Mission Rock.
| LAST UPDATED | 2/18/2026 | TRACT | Other |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | Ouray County |
| COUNTY | Ouray | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Ouray K-6 |
|---|---|
| Jr. High School | Ouray 7-8 |
| High School | Ouray 9-12 |
| ADDITIONAL DETAILS | |
| AREA | Ouray County |
|---|---|
| BASEMENT | Concrete, Yes |
| CONSTRUCTION | Stone, Wood Siding |
| FIREPLACE | Yes |
| HEAT | Natural Gas |
| LOT | 7405 sq ft |
| STORIES | 2 |
| STYLE | Victorian |
| SUBDIVISION | Other |
| TAXES | 8487.48 |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s), Valley |
| WATER | Public |
| ZONING | Residential Multi Family |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
Listed with LIV Sotheby's International Realty - Telluride
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2026. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
Real Estate listings held by companies other than Real contain that company’s name.
Fair Housing DisclaimerThis data was last updated: 3/12/26 12:28 PM PDT
This IDX solution is (c) Diverse Solutions 2026.
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