1019 E Boulder Street, Colorado Springs, CO 80903
MULTI_FAMILY - Colorado Springs, CO
- Added:
- Jun 12, 2026
- Days on Market:
- 16
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 1019 E Boulder Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 1586
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Ceiling Fan(s)
Building Details
- Year built
- 1914
- Roof type
- Shingle
Listing agent Kenton Carew (719) 550-1515
Listing office Better Homes and Gardens Real Estate Kenney & Company 2120-a Academy Circle S, Colorado Springs, CO (719) 550-1515
Listing date Jun 12, 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.
HighLights
- Duplex built in 1914 with natural gas, forced‑air heating
- Large 9,500 SF lot with alley access
- Each unit offers 924 SF with 2 bedrooms and 1 bathroom
- Units include separate laundry rooms and partial basements for storage/expansion
- Separate driveways off Boulder provide additional off‑street parking for each unit
- Shingle roof and ceiling fan cooling
Overview
According to the remarks, the property is located between downtown and Memorial Hospital, offering convenient access while retaining off-street parking. Separate driveways off Boulder are described for each unit, and the alley access provides an additional site-based means for entry and servicing. The configuration supports keeping both units separate while managing vehicles on site.
For tenants, the duplex format provides two independent, similarly sized homes with dedicated laundry and basement storage. For buyers, the property is presented in the remarks as having flexibility for furnished midterm use with traveling nurses, with the additional possibility of converting back to a single-family home or pursuing a new build on the existing lot. The combination of unit separation, dedicated parking, and partial basements supports a range of practical occupancy and reconfiguration strategies.
Local Financial Insights For Multifamily LT 5
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 | $36.6k | $19.80 |
| − Vacancy | −$2.0k | −$1.09 |
| EGI | $34.6k | $18.71 |
| − OpEx | −$10.4k | −$5.61 |
| NOI | $24.2k | $13.10 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.805863
- Latitude
- 38.838605