R-2 Duplex with Two 2BR
1309 Tappan Circle, Colorado Springs, CO 80909
New
MULTI_FAMILY - Colorado Springs, CO
Property size:
1,867 SFLot size:
0.19 AcresPrice / SF:
$235/SF- Added:
- Jun 26, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 1309 Tappan Circle
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-2
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2
- Parking
- 2
- Parking features
- Open, Garage - Attached, On Street
- Window features
- Double Pane Windows, Vinyl Frames
- Patio and Porch features
- Patio
- Interior features
- New Paint, Ceiling Fan(s)
- Appliances
- Dishwasher-All, Garbage Disposal-All, Refrigerator-All, Electric Range-All, Microwave Built-In-All, Range Hood-All, Washer-All, Dryer-All
- Standard status
- Active
- APN
- 6411203014
- Size
- 1,867 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LOT 24 BLK 2 AUSTIN ESTATES SUB 5 FIL 2
- Tax Annual Amount
- 1315
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1965
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- New floor coverings
- Building materials
- Frame, Wood Siding, Copper Plumbing
- Roof type
- Composition
Listing agent Craig Johnson (719) 250-4974
Listing office Resident Realty CO (720) 933-8669
Listing date Jun 26, 2026
MLS# 240119
Listing URL
Copyright © 2026 Pueblo Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Income‑producing duplex with both units currently rented
- Each unit offers a 2‑bedroom, 1‑bath layout
- Private garage stall plus in‑unit washer and dryer for each unit
- Separate metering for water, electric, and gas
- Central air and forced‑air natural gas heat; updated double‑pane vinyl windows
- Roof replacement in 2018; new paint and new floor coverings
Overview
This duplex offers two separate 2-bedroom, 1-bath residences, each with its own private garage stall, in-unit washer and dryer, and direct access to the backyard. Both units are currently rented. Interior features include spacious kitchen and dining areas, large bedrooms with generous closets, and abundant natural light. Documented improvements include updated double-pane vinyl windows and recent renovations in both units, along with a roof replacement completed in 2018.
Located at 1309 Tappan Circle in Colorado Springs, the property is positioned near Palmer Park and Mitchell High School, supporting convenient day-to-day access for residents. The duplex is under R-2 zoning.
For buyers seeking an income-producing duplex with day-one occupancy, the property’s separate metering for water, electric, and gas can simplify utility management between the two units. With both residences having their own in-unit laundry and private garage access, the layout is designed for tenant convenience while offering a consistent, repeatable plan across the property.
Located at 1309 Tappan Circle in Colorado Springs, the property is positioned near Palmer Park and Mitchell High School, supporting convenient day-to-day access for residents. The duplex is under R-2 zoning.
For buyers seeking an income-producing duplex with day-one occupancy, the property’s separate metering for water, electric, and gas can simplify utility management between the two units. With both residences having their own in-unit laundry and private garage access, the layout is designed for tenant convenience while offering a consistent, repeatable plan across the property.
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 | $37.0k | $19.80 |
| − Vacancy | −$2.0k | −$1.09 |
| EGI | $34.9k | $18.71 |
| − OpEx | −$10.5k | −$5.61 |
| NOI | $24.5k | $13.10 |
1,867 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$349.3K
$305.7K – $407.6K
NOI $24,453 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$323.7K
$283.3K – $377.7K
NOI $22,662 @ 7.0% cap · market cap 5.15%
Theoretical Best
Specialty Retail
$368.7K
$322.6K – $430.2K
NOI $25,809 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplex
Apartment Complex
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.7497462
- Latitude
- 38.8513185
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two rented 2-bedroom duplex units with private garage stalls and in-unit washers/dryers for straightforward rental operations.
Where is this duplex located?
The property is located at 1309 Tappan Circle Colorado Springs, CO.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Income‑producing duplex with both units currently rented; Each unit offers a 2‑bedroom, 1‑bath layout; Private garage stall plus in‑unit washer and dryer for each unit
