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Apartment Building with Garages
For Sale
$950,000

514 N Wahsatch Avenue, Colorado Springs, CO 80903

Residential Income, Colorado Springs, CO

Property SizeContact for details
Lot Size0.22 Acres
Days on Market101

Property Features for 514 N Wahsatch Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Basement Partial
Elementary school district Colorado Springs 11
Middle school district Colorado Springs 11
High school district Colorado Springs 11
Standard status Active
Lot size 0.22 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 4500

Utilities

Heating system Forced Air
Cooling system Ceiling Fan(s)

Building Details

Year built 1899
Listing Agency: The Platinum Group
Listed By: Benjamin Kennedy SRES
Added: May 27 Changed: Aug 24 Last Checked: Sep 4 at 1:06AM
MLS# 8571865

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.

This five-unit apartment property sits on a 0.2181-acre lot at 514 N Wahsatch Avenue in Colorado Springs. Each unit includes a garage, and the site provides additional off-street parking. Zero-scaped landscaping contributes to a simplified exterior maintenance profile, while forced-air heating and ceiling fans serve the building’s mechanical needs. Constructed in 1899, the property offers a multifamily configuration in an established central setting.

The property is within walking distance of Downtown Colorado Springs and Colorado College. Its location combines proximity to both destinations with on-site parking and individual garage spaces, providing practical features for a residential income property.

Key Highlights

  • Five‑unit apartment property on a 0.2181‑acre lot
  • Garage included with every unit
  • Additional off‑street parking on site

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Store & Service Bakery Pet Grooming Service Clothing & Fashion Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

3,152
Businesses Nearby

Demographics for 80903, CO

15,944
Population
8,340
Households
1.9
Avg Household Size
34
Median Age
39%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$59,292
Median Household Income
$35,251
Median Earnings
$1,221
Median Rent
$420,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Five-unit property near Downtown Colorado Springs and Colorado College, with off-street parking and zero-scaped grounds.
Where is this apartment building located?
The property is located at 514 N Wahsatch Avenue Colorado Springs, CO.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Five‑unit apartment property on a 0.2181‑acre lot; Garage included with every unit; Additional off‑street parking on site
More about this property
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