Duplex Investment
910 1st Street Colorado Springs, CO 80907
For Sale
$410,000
MULTI_FAMILY - Colorado Springs, CO
Property Size1,536 SF
Lot Size0.17 Acres
Price / SF$266.93
Days on Market119
Property Features for 910 1st Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
Size
1,536 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1176
Utilities
Heating system
Hot Water(Heating)
Cooling system
Ceiling Fan(s)
Building Details
Year built
1955
Roof type
Shingle
Listing Agency:
Equity Colorado Real Estate
(720) 722-3209
Listed By:
Molly McCollum CMRS MRP
(720) 722-3209
Added: Mar 31
Changed: Apr 14
Last Checked: Jul 27 at 12:06PM
MLS# 9479561
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 duplex presents a great investment opportunity. Each of the two units features 2 bedrooms and 1 bath within 768 square feet, complemented by large, fenced-in yards. Situated near the North Nevada redevelopment, the Lincoln Center, and Palmer Park, the property offers convenient access to I-25 and downtown Colorado Springs. The lot size is 0.168 acres. Each unit is individually metered, with all utilities paid by the tenants.
Key Highlights
- Great investment property with both units currently rented, providing immediate income.
- Tenants pay all utilities, maximizing landlord profit.
- Each unit features 2 bedrooms and 1 bath with 768 square feet.
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 | $30.4k | $19.80 |
| − Vacancy | −$1.7k | −$1.09 |
| EGI | $28.7k | $18.71 |
| − OpEx | −$8.6k | −$5.61 |
| NOI | $20.1k | $13.10 |
1,536 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$287.4K
$251.5K – $335.3K
NOI $20,118 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$266.3K
$233.1K – $310.7K
NOI $18,644 @ 7.0% cap · market cap 4.55%
Theoretical Best
Specialty Retail
$303.3K
$265.4K – $353.9K
NOI $21,234 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two units, each with 2 bedrooms and 1 bath.
Where is this duplex located?
The property is located at 910 1st Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Great investment property with both units currently rented, providing immediate income.; Tenants pay all utilities, maximizing landlord profit.; Each unit features 2 bedrooms and 1 bath with 768 square feet.
