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    3944 N Nevada Ave Colorado Springs, CO 80907

    For Sale
    $1,200,000

    MULTI_FAMILY - Colorado Springs, CO

    Lot size:
    0.39 Acres
    Days on Market:
    210
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 3944 N Nevada Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.39 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1984

    Acquire Homes, Inc. (719) 884-6000 [email protected]

    Listing agent Viveya Filimonchuk (719) 360-1968

    Listing date May 11, 2025

    MLS# 7354718 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

    Multifamily Investment Opportunity

    This multifamily property presents an investment opportunity with income potential. The property is zoned MX-L NNA, suitable for various uses. Its location offers convenient access to I-25, shopping centers, and hospitals. Situated off Nevada Avenue, the property provides an easy commute and is located close to multiple roads. The lot size is 0.3903 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

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

    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
    -104.820298
    Latitude
    38.890013

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    FAQs

    What type of property is this?
    Multifamily property - Multifamily property with income potential near I-25 and shopping.
    Where is this multifamily property located?
    The property is located at 3944 N Nevada Ave Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Steady income with renters in each unit.; - MX-L NNA Zoning allows for many uses.; - Convenient location close to I25.
    (719) 360-1968
    Request Owner's contact information
    3944 N Nevada Ave Colorado Springs, CO 80907
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    Colorado Springs, CO 80907
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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
    3944 N Nevada Ave Colorado Springs, CO 80907
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