1012 Iowa Avenue Colorado Springs, CO 80909
MULTI_FAMILY - Colorado Springs, CO
- Added:
- Jun 16, 2026
- Days on Market:
- 27
- Last Refresh:
- Jul 12 at 2:06 pm
Property Features for 1012 Iowa Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Fireplace
- 1
- Basement
- Full
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 1479
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1941
- Roof type
- Shingle
Listing agent Christopher Morrison (719) 492-3298
Listing office Action Team Realty 6265 Lehman Dr Ste 100, Colorado Springs, CO (719) 559-8400
Listing date Jun 16, 2026
Copyright © 2026 elevateMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- Income property with 3 units and separate entrances.
- Located within walking distance to Memorial Hospital and the Olympic Training Center.
- Main house over 2,000 sq ft, cottage approximately 400 sq ft.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.9k | $23.28 |
| − Vacancy | −$2.9k | −$1.21 |
| EGI | $53.0k | $22.07 |
| − OpEx | −$23.8k | −$9.93 |
| NOI | $29.1k | $12.14 |
