Triplex Investment Property Near Aspen & Snowmass Rare opportunity to own a multifamily income property in the coveted Aspen-Snowmass corridor. Located at 50 Twining Flats, this 8-bedroom triplex sits on a spacious 2-acre lot and offers immediate rental income potential with room to expand. Conveniently located on the RFTA bus route, the property provides easy access to both Aspen and Snowmass—ideal for seasonal workers and long-term tenants. With plenty of space to park vehicles, trailers, and mountain toys, and surrounded by open views, this is a versatile asset in a high-demand rental market. Whether you're seeking solid cash flow, employee housing, or a land-play with upside, 50 Twining Flats offers the location, scale, and flexibility investors are looking for. This property could be purchased along with 34 Twining Flats to make it a 4 acre property with 13 bedrooms. MLS#189356
Multi-familyProperty Type
1970Year Built
2 acresLot Size
$841Price/Sq.Ft.
Listed by Colter Smith• Christie's International Real Estate Aspen Snowmass
This is an excellent development opportunity with the ability to build a 5,750 sq. ft. new home on two acres overlooking the Roaring Fork River, and within the Aspen School District. The eight-bedroom, 3,414 sq. ft. of improvements consists of two separate units including: a top floor 3-bedroom, 1 and ¾-bath unit, a main level 3-bedroom, 1.5-bath unit, and a garden level two-bedroom, 1-bath caretakers suite. Rental income is currently about $4,500 a month. The classic penthouse pan abode enjoys all day sunshine and Aspen Mountain and Highlands Ski Area views. Wood burning stoves warm both 3-bedroom units. Abundant storage is available. Close to Sky Mountain open space and trails. With RFTA and school bus stops nearby access is easy to Aspen and Snowmass.
Year
Property tax
Land + Additions
Assessment*
2025
$4,382 (+11.3%)
$112,500 + $21,970
$134,470
2024
$3,938 (+9.6%)
$112,500 + $21,970
$134,470
2023
$3,592 (+50.6%)
$110,920 + $26,270
$137,190
2022
$2,385 (−1.9%)
$110,920 + $26,270
$137,190
2021
$2,430 (+10.3%)
$59,500 + $16,030
$75,530
2020
$2,204 (+0.5%)
$62,560 + $16,850
$79,410
2019
$2,192 (+2.2%)
$57,200 + $14,260
$71,460
2018
$2,145 (+15.2%)
$57,200 + $14,260
$71,460
2017
$1,862 (−6.8%)
$57,600 + $12,400
$70,000
2016
$1,999 (+11.6%)
$57,600 + $12,400
$70,000
2014
$1,791
$63,680 + $10,010
$73,690
Tax history for 50 Twining Flats Rd
Year
Property tax
Land + Additions
Assessment*
2025
$4,382 (+11.3%)
$112,500 + $21,970
$134,470
2024
$3,938 (+9.6%)
$112,500 + $21,970
$134,470
2023
$3,592 (+50.6%)
$110,920 + $26,270
$137,190
2022
$2,385 (−1.9%)
$110,920 + $26,270
$137,190
2021
$2,430 (+10.3%)
$59,500 + $16,030
$75,530
2020
$2,204 (+0.5%)
$62,560 + $16,850
$79,410
2019
$2,192 (+2.2%)
$57,200 + $14,260
$71,460
2018
$2,145 (+15.2%)
$57,200 + $14,260
$71,460
2017
$1,862 (−6.8%)
$57,600 + $12,400
$70,000
2016
$1,999 (+11.6%)
$57,600 + $12,400
$70,000
2014
$1,791
$63,680 + $10,010
$73,690
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
8
Baths
5
Stories
2
Lot width
—
Lot depth
—
Lot size
2 Acres
Year renovated
1970
Sq. Ft.
3,414
Year built
1970
Style
Multi-Family (2-4 Unit)
County
Pitkin County
APN
R003176
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 17, 2026.
Property details
Interior
Bathroom Information
Bathrooms Full: 3
Bathrooms Half: 1
Bathrooms Three Quarter: 1
Heating & Cooling
Has Heating
Heating: Electric, Baseboard
Interior Features
Furnished: Unfurnished
Exterior
Exterior Features
New Construction YN: No
Roof: Membrane
Lot Information
Lot Size Acres: 2
Financial
Tax Information
Tax Year: 2024
Tax Annual Amount: $3,938.04
Location
Location Information
Directions: Heading North on hwy 82 take a right on Twining Flats Rd. House will be on the right side.
Subdivision Name: Twining Flats
Public facts
Beds: 8
Baths: 5.0
Sq. Ft.: 3,414
Stories: 2.0
Lot Size: 2 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1970
Year Renovated: 1970
County: Pitkin County
APN: R003176
Home facts updated by county records on Aug 17, 2026
Other
Property Information
Property Condition: Good
Model: No
Property Sub Type: Residential Income
Listing Information
Standard Status: Closed
Around this home
Schools
Aspen Elementary School
Public PreK-4 • Assigned • 5.8mi
6/10
Aspen Middle School
Public 5-8 • Assigned • 5.8mi
8/10
Aspen High School
Public 9-12 • Assigned • 5.8mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
1% chance of being in a wildfire in next 30 years
2/10 Heat Factor
8 days above 82° expected this year, 22 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Aspen, CO • 81611
Average low and high temperatures (°F)
32
11
41
21
51
28
53
30
62
37
77
47
81
53
77
51
67
42
60
35
44
23
39
19
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.8 hours in
June and 6.1 hours in December, placing it above the
U.S. average for solar exposure.
10.8 hrs
6.1 hrs
JuneDecember
Provided by Shadowmap
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