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    2423 Street Vrain St E, Unit Vrain Colorado Springs, CO 80909

    For Sale
    $400,000

    MULTI_FAMILY - Colorado Springs, CO

    Lot size:
    0.48 Acres
    Days on Market:
    62
    Last Refresh:
    Dec 10 at 6:06 am

    Property Features for 2423 Street Vrain St E

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Basement
    Partial
    Lot size
    0.48 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1928
    Roof type
    Shingle

    HomeSmart Realty Group (303) 858-8100 [email protected]

    Listing agent Rowena Riley ABR GRI (719) 266-0400

    Listing date Oct 10, 2025

    MLS# 4817871 Listing URL

    Copyright © 2025 Pikes Peak 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.

    Overview

    Colorado Springs Redevelopment Opportunity

    This property, located in Colorado Springs, Colorado, features a 0.4804-acre lot currently configured as a 6-bedroom rental with a 3-car detached garage and lot storage. Zoned R5, the property presents multiple redevelopment opportunities.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    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
    -104.784802
    Latitude
    38.839374

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    FAQs

    What type of property is this?
    Residential land & home lot - R5 zoned lot with redevelopment potential and existing rental income.
    Where is this residential land & home lot located?
    The property is located at 2423 Street Vrain St E, Unit Vrain Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Zoned R5 with multiple redevelopment opportunities.; - Currently rented as 6 bedrooms.; - 3-car detached garages.
    (719) 266-0400
    Request Owner's contact information
    2423 Street Vrain St E, Unit Vrain Colorado Springs, CO 80909
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    Colorado Springs, CO 80909
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2423 Street Vrain St E, Unit Vrain Colorado Springs, CO 80909
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