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    All-Brick Corner Mixed-Use Property Title is generated by Realmo AI

    731 N Cascade Avenue, Colorado Springs, CO 80903

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    Claim this Listing
    New
    For Sale
    $849,900

    MULTI_FAMILY - Colorado Springs, CO

    Property size:
    4,100 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $207/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 8:06 am

    Property Features for 731 N Cascade Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Fireplace
    1
    Basement
    Full
    Standard status
    Active
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1

    Utilities

    Heating system
    Hot Water(Heating)

    Building Details

    Year built
    1911
    Roof type
    Shingle

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    Listing Contact
    Tanya Stevenson ABR CDPE GRI PSA
    Tanya Stevenson ABR CDPE GRI PSA

    Listing agent Tanya Stevenson ABR CDPE GRI PSA License #040004755

    Listing office Park Avenue Properties of Colorado Springs, LLC 2316 N Wahsatch Ave Ste 116, Colorado Springs, CO

    Listing date Jun 5, 2026

    MLS# 2664105 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.

    HighLights

    • All‑brick property built in 1911 on a prominent corner lot directly across from Colorado College in Colorado Springs’ Old North End
    • Over 4,100 SF with flexible zoning allowing residential use, professional offices, a gallery space, or a combination of uses
    • 4 spacious bedrooms and 3 bathrooms, with generous room sizes and original architectural details
    • Updated kitchen and bathrooms, plus abundant storage space throughout the expansive basement
    • Detached garage, mature landscaping, brick privacy walls, and courtyard areas in both front and rear
    • Hot water heating and shingle roof, with a fireplace

    Overview

    Situated at 731 N Cascade Avenue in Colorado Springs, this distinctive all-brick property on a prominent corner lot offers over 4,100 square feet of versatile living and working space. The layout includes four bedrooms and three bathrooms, along with an attached interior experience complemented by a detached garage. Updated kitchen and bathrooms provide modern convenience, while original architectural details and generous room sizes maintain the character expected of a historic Old North End residence. The expansive basement includes abundant storage space and supports a variety of configurations, with courtyard areas in both the front and rear and mature landscaping around the property.

    The home’s corner positioning places it directly across from Colorado College, supporting visibility and convenient access to the city’s central amenities. Brick privacy walls and established landscaping help define outdoor areas, while mature surroundings contribute to a private feel despite the location. The property also includes abundant natural light throughout, and the floor plan is described as flexible to support multiple use approaches.

    Buyers and tenants looking for a property that can accommodate changing needs may find the combination of residential features and professional-use flexibility practical. The flexible zoning described in the remarks allows for residential use, professional offices, a gallery space, or a combination of uses, making it well-suited to an owner-user, boutique office operator, or creative/curatorial program seeking a distinctive historic setting.

    Local Financial Insights For Apartment 5plus

    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 $95.4k $23.28
    − Vacancy −$5.0k −$1.21
    EGI $90.5k $22.07
    − OpEx −$40.7k −$9.93
    NOI $49.8k $12.14
    4,100 SF · lease $23.28/SF/yr · vacancy 5.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $711.0K
    $622.1K – $829.5K (±1% cap)
    NOI $49,767 @ 7.0% cap · market cap 5.86%
    Second Best
    Retail
    $704.8K
    $616.7K – $822.3K (±1% cap)
    NOI $49,335 @ 7.0% cap · market cap 5.80%
    Theoretical Best
    Specialty Retail
    $809.7K
    $708.5K – $944.6K (±1% cap)
    NOI $56,678 @ 7.0% cap · market cap 6.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Restaurant Dental Office Spa & Massage Center Law Firm Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    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
    -104.824359
    Latitude
    38.844989

    FAQs

    What type of property is this?
    Single family property - All-brick corner property near Colorado College with flexible zoning for residential, professional office, or gallery use.
    Where is this single family property located?
    The property is located at 731 N Cascade Avenue Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $849,900.
    What are key features of this property?
    This property features: All‑brick property built in 1911 on a prominent corner lot directly across from Colorado College in Colorado Springs’ Old North End; Over 4,100 SF with flexible zoning allowing residential use, professional offices, a gallery space, or a combination of uses; 4 spacious bedrooms and 3 bathrooms, with generous room sizes and original architectural details
    More about this property
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