250 N 3rd Street, Pagosa Springs, CO 81147

Downtown Pagosa Springs Home with Rental & Multi-Generational Living Potential! Discover 250 N 3rd Street in the heart of downtown Pagosa Springs. Perched above town on a spacious 0.759-acre lot, this unique property offers unmatched views of the San Juan River, the Hot Springs, and the eastern San Juan Mountains. Designed with flexibility in mind, the home features three separate lock-off units, making it perfect for multi-generational living, rental income, or a combination of both. Main Unit – 2 bedrooms, 2 bathrooms, and an open-concept kitchen, dining, and living area filled with natural light. Second Unit – Private living room, kitchenette, 1 bedroom, and 1 bathroom. Third Unit – 1 bedroom and 1 bathroom, which can be combined with the main unit to create a spacious 3-bedroom, 3-bathroom home. Mini-split systems are installed throughout for year-round comfort. Thanks to its elevated setting, the home enjoys privacy with clear sightlines. Outside, you’ll find a generous yard, room to relax, and a storage shed for all your mountain gear. Best of all, you’re only moments away from Pagosa’s downtown shops, restaurants, the river, and the Hot Springs. With R-6 zoning, this property also holds development potential, allowing up to five residences with Town approval. If you’re looking for downtown living with income potential, a multi-generational setup, or a smart investment in Pagosa Springs, 250 N 3rd Street delivers it all.