All-Brick Multi-Use
For Sale
$849,900
731 N Cascade Avenue, Colorado Springs, CO 80903
MULTI_FAMILY - Colorado Springs, CO
Property Size4,100 SF
Lot Size0.10 Acres
Price / SF$207.29
Days on Market36
Property Features for 731 N Cascade Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Fireplace
1
Basement
Full
Elementary school district
Colorado Springs 11
Middle school district
Colorado Springs 11
High school district
Colorado Springs 11
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
Listing Agency:
Park Avenue Properties of Colorado Springs, LLC
(719) 548-9900
Listed By:
Tanya Stevenson ABR CDPE GRI PSA · License #040004755
(719) 548-9900
Added: Jun 29
Changed: Jul 28
Last Checked: Aug 3 at 8:06PM
MLS# 2664105
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.
All-brick multi-use property on a prominent corner lot featuring four bedrooms and three bathrooms, an updated kitchen and bathrooms, and a detached garage. The interior includes an expansive basement with abundant storage, along with original architectural details and generous room sizes. Front and rear courtyard areas and mature landscaping are supported by brick privacy walls, creating defined outdoor space at both the entry and back of the property.
The home is situated in Colorado Springs’ historic Old North End and is directly across from Colorado College. With flexible zoning noted for multiple use scenarios, the property is described as suitable for residential use, professional offices, a gallery space, or a combination of uses.
A versatile layout and thoughtful updates provide practical options for an owner-occupant seeking a distinctive residence or for an end user looking for a work-and-show space configuration under the flexible zoning framework.
The home is situated in Colorado Springs’ historic Old North End and is directly across from Colorado College. With flexible zoning noted for multiple use scenarios, the property is described as suitable for residential use, professional offices, a gallery space, or a combination of uses.
A versatile layout and thoughtful updates provide practical options for an owner-occupant seeking a distinctive residence or for an end user looking for a work-and-show space configuration under the flexible zoning framework.
Key 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
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
NOI $49,767 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$809.7K
$708.5K – $944.6K
NOI $56,678 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,251
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - All-brick corner property across from Colorado College with flexible zoning supporting residential, offices, and 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
