Renovated One-Bedroom
For Sale
Contact for pricing
1001 N Weber St Unit 103, Colorado Springs, CO 80903
The main-level residence includes an updated kitchen with a refrigerator and range.
Property Size588 SF
Price / SF$1.34
Days on Market15
Property Features for 1001 N Weber St Unit 103
General Information
Standard status
Active
Size
588 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Building Details
Year Built
1900
Listing Agency:
Citadel Realty LLC
Listed By:
Melanie Weseman · License #230009423
Source:
Hudsonstonegateteam
Added: Oct 1
Changed: Oct 9
Last Checked: Oct 7 at 5:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Citadel Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 588-square-foot, one-bedroom, one-bathroom apartment occupies the main level of the building. Renovation work includes a kitchen equipped with a refrigerator and range.
The residence is on the Yampa side of the building in downtown Colorado Springs, near Colorado College. The tenant places electric service in their name; gas, water, and sewer are billed back at 12.5% of the house. Trash is charged at $7 per month.
The residence is on the Yampa side of the building in downtown Colorado Springs, near Colorado College. The tenant places electric service in their name; gas, water, and sewer are billed back at 12.5% of the house. Trash is charged at $7 per month.
Key Highlights
- 588‑square‑foot apartment with one bedroom and one bathroom
- Renovated interior with a kitchen, refrigerator, and range
- Main‑level unit on the Yampa side of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,137
Suggested Prices Based on Cap Rates
Cap Rate 5%
$142,740
$142.7K
Cap Rate 7%
$101,957
$102.0K
Cap Rate 9%
$79,300
$79.3K
Market Conditions
NOI Build-Up for 588 SF
Gross rent
$13.7K $23.28/SF
− Vacancy
−$712 −$1.21/SF
EGI
$13.0K $22.07/SF
− OpEx
−$5.8K −$9.93/SF
NOI
$7.1K $12.14/SF
Area
Colorado Springs, CO
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$142,740
Cap Rate 7%
$101,957
Cap Rate 9%
$79,300
Alternative Uses
Best Use
Apartment 5plus
$102.0K
$89.2K – $119.0K
NOI $7,137 @ 7.0% cap · market cap 909.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$116.1K
$101.6K – $135.5K
NOI $8,129 @ 7.0% cap · market cap 1,035.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,146
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
Frequently Asked Questions
What type of property is this?
Residential income property - The main-level residence includes an updated kitchen with a refrigerator and range.
Where is this residential income property located?
The property is located at 1001 N Weber St Unit 103 Colorado Springs, CO.
What are key features of this property?
This property features: 588‑square‑foot apartment with one bedroom and one bathroom; Renovated interior with a kitchen, refrigerator, and range; Main‑level unit on the Yampa side of the building
