197 S Cora Street, Ridgway, CO 81432

ChatGPT said: Just two blocks from Ridgway’s vibrant town park and the local market, 197 S. Cora offers a unique and income-generating opportunity in one of Western Colorado’s most desirable small towns—just 39 miles from Telluride. Situated on .244 acres across three town lots, this well-maintained property features two distinct dwellings, mature landscaping, two storage sheds, alley access, and ample off-street parking. The freshly painted main house, built in 1900, includes two bedrooms and one bath, blending timeless character with practical updates. At the back of the property sits a charming 1890 schoolhouse, relocated to the site in 1990 and thoughtfully converted into a bright studio apartment with a full kitchen, bathroom, and large south-facing windows. The studio is currently leased for $950/month, and the main home holds a market rent potential of $2,500/month—making this an excellent investment or multi-use living opportunity. With Ridgway growing as a bedroom community to Telluride, this property is ideally suited for employee housing, short-term rental income, or flexible live-work living—all within walking distance of everything downtown Ridgway has to offer.