322 N Iowa Street,Gunnison, CO 81230
Gunnison, CO 81230
Description
Downtown Gunnison Home with Income Apartment, Four Lots & Seller Financing 322 N Iowa Street is a unique downtown Gunnison property offering four city lots, a 4-bedroom main home, separate income-producing apartment, heated garage/shop with a car lift, and seller financing for qualified buyers. Located in the heart of Gunnison, Colorado, the property is within walking distance of downtown restaurants, coffee shops, shopping, and groceries. Western Colorado University is approximately two blocks away, and Gunnison Valley Health is roughly three blocks from the property. The main home includes 4 bedrooms and 3 bathrooms with a functional layout that includes a dining area, den, mudroom entry, and additional storage. The home retains much of its historic character while offering practical updates for modern living. All windows were replaced with Andersen windows in 2020, and the home is well insulated and move-in ready. The basement includes a separate 2-bedroom, 1-bath apartment with a strong rental history and estimated rental income of approximately $1,400 per month. An additional roughly 400 square feet of basement storage provides useful space for gear, seasonal items, or tenant storage. A major feature of the property is the detached heated and insulated garage/shop, built in 2010. The garage includes 10.5-foot ceilings, large door access, alley entry, and a 2023 BendPak GrandPrix 7,000-pound car lift, making it well suited for vehicle storage, a workshop, equipment, motorcycles, or recreational gear. The property also includes an approximately 240-square-foot attached garage suitable for a small vehicle or additional storage. The fully fenced backyard was professionally landscaped in 2022 and includes in-ground sprinklers, irrigated flower beds, raised garden beds, a Colorado red flagstone patio, mature landscaping, a small greenhouse, and a storage shed. The front yard also has access to irrigation water through the Gunnison ditch. The main residence, basement apartment, and garage have all been rented previously, giving the property multiple potential income streams. The layout works well as a primary residence with supplemental rental income, a downtown Gunnison investment property, or a live/work property with substantial garage, workshop, and storage space. For buyers searching for a downtown Gunnison home with rental income, an ADU-style apartment, garage/shop space, multiple lots, and seller financing, 322 N Iowa Street offers a combination that is difficult to replicate within town. Seller financing is available to qualified buyers with 20% down and a 4.5% interest rate, subject to Seller approval and a full price offer.
Details
| MLS # | 833087 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1940 |
| Days On Site | 180 |
| Listing Provided By | Full Curl Ranches | Spencer Jordan |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 3,519 |
| Garage | 5 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | Residential Single Family |
| Acreage | 0.29 |
| Water Front | Yes |
Interior
| Heating Yes / No | Yes |
|---|---|
| Heating | Forced Air, Natural Gas |
| Interior Features | Breakfast Area, Separate Formal Dining Room, Main Level Primary, Upper Level Primary |
| Window Features | Double Pane Windows |
| Furnished | Unfurnished |
| Appliances | Cooktop, Dishwasher, Disposal, Gas Water Heater, Oven, Range, Refrigerator |
Exterior
| Exterior Features | Sprinkler Irrigation, Landscaping, Shed |
|---|---|
| Roof | Metal |
| Construction Materials | Masonry, Stucco, Wood Frame, Stick Built |
| Foundation Details | Stem Wall |
| Lot Features | Corner Lot, Other |
Parking
| Garage Yes / No | Yes |
|---|---|
| Attached Garage Yes / No | No |
| Parking Features | Detached, Garage |
Utilities
| Utilities | Cable Available, Cellular Phone Reception, Electricity Available, Natural Gas Available, High Speed Internet Available |
|---|
Other
| List Aor | Telluride Association Of Realtors |
|---|
Taxes
| Property | 2560 |
|---|
Area Information
| State | CO |
|---|---|
| County | Gunnison |
| City | Gunnison |
| Zip Code | 81230 |
| Area | Gunnison City |
| School District | Open Enrollment |
| Elementary School | Open Enrollment |
| High School | Open Enrollment |
| Listing VS Median (in 81230) | |
Price: $1,350,000 low | high Med: $762,000 sqft: 3,519 low | high Med: 2,261 $ / sqft: $384 low | high Med: $341 On site: 180 low | high Med: 76.5 | |
Market Activity 81230
Request a showing
Request a showing
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.
FULL CREN Disclaimer
Real Estate listings held by companies other than CREN contain that company’s name.
Fair Housing Disclaimer
Contact
Learn More About This Property
| State | CO |
|---|---|
| County | Gunnison |
| City | Gunnison |
| Zip Code | 81230 |
| Area | Gunnison City |
| School District | Open Enrollment |
| Elementary School | Open Enrollment |
| High School | Open Enrollment |
| Listing VS Median (in 81230) | |
Price: $1,350,000 low | high Med: $762,000 sqft: 3,519 low | high Med: 2,261 $ / sqft: $384 low | high Med: $341 On site: 180 low | high Med: 76.5 | |
 | $1,800,000322 N Main StreetGunnison, CO 81230 |
© 2026 Coldwell Banker Montrose Properties - (970) 249-2449.
Equal housing opportunity. An equal opportunity company.
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.
FULL CREN Disclaimer
Real Estate listings held by companies other than CREN contain that company’s name.
Fair Housing Disclaimer
