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    Duplex with Alley-Access Parking Title is generated by Realmo AI

    1019 E Boulder Street, Colorado Springs, CO 80903

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    Claim this Listing
    For Sale
    $344,900

    MULTI_FAMILY - Colorado Springs, CO

    Property size:
    1,848 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $186/SF
    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

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    Kenton Carew
    Kenton Carew

    Listing agent Kenton Carew

    Listing office Better Homes and Gardens Real Estate Kenney & Company 2120-a Academy Circle S, Colorado Springs, CO

    Listing date Jun 12, 2026

    MLS# 6663051 Listing URL

    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

    This for-sale duplex at 1019 E Boulder Street in Colorado Springs contains two separate residential units, each with 924 square feet, two bedrooms, and one bathroom. Both units include separate laundry rooms and have partial basements that provide storage and potential for further build-out. The property sits on a large lot measuring approximately 9,500 square feet, with alley access noted as part of the site layout.

    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
    1,848 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $345.8K
    $302.6K – $403.4K (±1% cap)
    NOI $24,205 @ 7.0% cap · market cap 7.02%
    Second Best
    Apartment 5plus
    $320.4K
    $280.4K – $373.9K (±1% cap)
    NOI $22,431 @ 7.0% cap · market cap 6.50%
    Theoretical Best
    Specialty Retail
    $365.0K
    $319.3K – $425.8K (±1% cap)
    NOI $25,547 @ 7.0% cap · market cap 7.41%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.805863
    Latitude
    38.838605

    FAQs

    What type of property is this?
    Duplex - Duplex offers two 2-bedroom units with separate laundry, partial basements, and alley-access off-street parking.
    Where is this duplex located?
    The property is located at 1019 E Boulder Street Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $344,900.
    What are key features of this property?
    This property features: 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
    More about this property
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