New Duplex with Rear
2515 Busch Avenue Colorado Springs, CO 80904
New
2515 Busch Avenue, Colorado Springs, CO, 80904
$629,900
For Sale
$629,900
MULTI_FAMILY - Colorado Springs, CO
Property Size2,318 SF
Lot Size0.22 Acres
Price / SF$271.74
Days on Market1
Property Features for 2515 Busch Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Basement
- Crawl Space
- Standard status
- Active
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 604
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Year built
- 2026
- Roof type
- Shingle
Listing Agency
Keller Williams Clients Choice Realty
(719) 535-0355
7980 Goddard Street #200, Colorado Springs, CO
Listed by
Rocky Manning
(719) 535-0355
Added: Jul 17 Checked: Jul 17 at 4:06 pm
MLS# 7458437
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.
Investment Insights
Based on property information with market context.
New construction duplex located at 2515 Busch Avenue in Colorado Springs, built with 2x6 wall construction and durable stucco siding. Each side is an IRC pre-manufactured unit with a fully filtrated crawl space foundation and 200-amp electrical service. The interiors include shaker-style interior doors, 5-inch baseboards, dark wood kitchen cabinets, and stainless steel kitchen appliances, with full-size washer and dryer included.
Each unit features 3 bedrooms and 2 bathrooms and offers direct access from the large eat-in kitchen to concrete patios in the rear. Forced-air natural gas furnaces are A/C plumbed and ready for condenser installation. Washer/dryer hookups are available, and utilities are individually metered so tenants can manage their own services.
Additional site details include a concrete driveway planned to be installed prior to closing. Construction of a second new duplex is noted as coming next door.
Each unit features 3 bedrooms and 2 bathrooms and offers direct access from the large eat-in kitchen to concrete patios in the rear. Forced-air natural gas furnaces are A/C plumbed and ready for condenser installation. Washer/dryer hookups are available, and utilities are individually metered so tenants can manage their own services.
Additional site details include a concrete driveway planned to be installed prior to closing. Construction of a second new duplex is noted as coming next door.
Key Highlights
- Brand‑new 2‑unit duplex (2026) with 2x6 wall construction, stylish dormers, and durable stucco siding
- Each side is 1,153 SF with 3 bedrooms and 2 bathrooms; 6 bed / 4 bath total
- All appliances included: stainless steel kitchen appliances plus full‑size washers and dryers
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 | $45.9k | $19.80 |
| − Vacancy | −$2.5k | −$1.09 |
| EGI | $43.4k | $18.71 |
| − OpEx | −$13.0k | −$5.61 |
| NOI | $30.4k | $13.10 |
2,318 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$433.7K
$379.5K – $506.0K
NOI $30,360 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$401.9K
$351.7K – $468.9K
NOI $28,136 @ 7.0% cap · market cap 4.47%
Theoretical Best
Specialty Retail
$457.8K
$400.6K – $534.1K
NOI $32,044 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Brand-new duplex with two walkout rear patios, each side offering 3 bedrooms and 2 bathrooms.
Where is this duplex located?
The property is located at 2515 Busch Avenue Colorado Springs, CO.
What is the asking price?
The asking price for this property is $629,900.
What are key features of this property?
This property features: Brand‑new 2‑unit duplex (2026) with 2x6 wall construction, stylish dormers, and durable stucco siding; Each side is 1,153 SF with 3 bedrooms and 2 bathrooms; 6 bed / 4 bath total; All appliances included: stainless steel kitchen appliances plus full‑size washers and dryers
