1512/1518 S Corona Avenue Colorado Springs, CO 80905
New
- Added:
- Apr 14, 2026
- Days on Market:
- 6
- Last Refresh:
- Apr 19 at 11:06 am
Property Features for 1512/1518 S Corona Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Basement
- Partial, Crawl Space
- Standard status
- Pending
- Lot size
- 0.37 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 1966
Utilities
- Heating system
- Natural Gas, Forced Air, Electric (Heating), Baseboard
Building Details
- Year built
- 1954
- Roof type
- Shingle
Listing agent Aaron Moore License #100045037 (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 Apr 14, 2026
MLS# 6028994
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.
Overview
Stabilized Multifamily Asset in Colorado
This is a 14-unit stabilized multifamily asset located in Colorado Springs, Colorado. The property is a turnkey investment that delivers immediate cash flow with institutional-quality operating performance, supported by a proven rent roll and a low expense structure. The property is fully occupied with 14 leased one-bedroom/one-bath units, ranging from 420 to 450 square feet. Trailing twelve-month financials reflect an 8.8% in-place cap rate with an operating expense ratio of 16%. All major capital improvements have been completed within the last 24 months, including new appliances, flooring, windows, doors, and electrical upgrades planned for 2025. The roof of the 1518 building was replaced in 2024. A RUB utility reimbursement system enhances NOI stability and offsets operating costs. The property is situated on a lot of 0.3747 acres. Located in Colorado Springs, one of Colorado's fastest-growing markets, the property benefits from a diverse employment base anchored by military and defense installations including Fort Carson, Peterson Space Force Base, and Schriever Space Force Base.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.818062
- Latitude
- 38.812145
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 14-unit multifamily property with immediate cash flow in Colorado Springs.
Where is this apartment building located?
The property is located at 1512/1518 S Corona Avenue Colorado Springs, CO.
What is the asking price?
The asking price for this property is $2,175,000.
What are key features of this property?
This property features: Attractive 8.8% in‑place cap rate with a low 16% operating expense ratio, delivering immediate cash flow.; Fully occupied with 14 leased one‑bedroom/one‑bath units, providing a proven rent roll.; **All major capital improvements completed within the last 24 months, including new appliances, flooring, windows, doors, electrical upgrades (2025), and roof replacement on the 1518 building (2024).**
