Renovated Four-Unit
1011-1013 Bennett Avenue Colorado Springs, CO 80909
For Sale
Contact for pricing
Recently renovated four-unit property with 2-bedroom layouts, in-unit laundry, and off-street parking.
Property Size3,600 SF
Price / SF$194.17
Days on Market51
Property Features for 1011-1013 Bennett Avenue
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Retail, Multifamily
Building Details
Year Built
1985
Listing Agency:
Cushman & Wakefield - Denver, Colorado
(417) 459-2155
Listed By:
Lee Wagner · License #CO 100084704
Source:
Crexi
Added: Jun 9
Changed: Jul 10
Last Checked: Jul 28 at 7:17AM
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 Cushman & Wakefield - Denver, Colorado
Investment Insights
Based on property information with market context.
1011-1013 Bennett Avenue is a recently renovated four-unit multifamily property offering two-bedroom, two-bath residences across 4 total units. Each unit features a functional floorplan with updated interiors and in-unit laundry, designed to support everyday livability. Off-street parking is also included, adding convenience for residents.
The asset is positioned in Colorado Springs and is described as being located in an infill setting with convenient access to major employment centers, military installations, and downtown Colorado Springs. This central convenience can be relevant for tenants who value shorter commutes and access to a range of area destinations.
For investors or owner-operators, this configuration provides an efficient unit mix of spacious 2-bedroom, 2-bath homes. The combination of recent renovations, in-unit laundry, and off-street parking may appeal to renters seeking modern in-home amenities while supporting practical day-to-day management. The property is being offered for sale as a 4-unit income-focused multifamily opportunity.
The asset is positioned in Colorado Springs and is described as being located in an infill setting with convenient access to major employment centers, military installations, and downtown Colorado Springs. This central convenience can be relevant for tenants who value shorter commutes and access to a range of area destinations.
For investors or owner-operators, this configuration provides an efficient unit mix of spacious 2-bedroom, 2-bath homes. The combination of recent renovations, in-unit laundry, and off-street parking may appeal to renters seeking modern in-home amenities while supporting practical day-to-day management. The property is being offered for sale as a 4-unit income-focused multifamily opportunity.
Key Highlights
- Recently renovated 4‑unit multifamily built in 1985
- All units are 2 bed / 2 bath, averaging about 800 SF each
- Units include in‑unit laundry
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 | $71.3k | $19.80 |
| − Vacancy | −$3.9k | −$1.09 |
| EGI | $67.4k | $18.71 |
| − OpEx | −$20.2k | −$5.61 |
| NOI | $47.2k | $13.10 |
3,600 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$673.6K
$589.4K – $785.9K
NOI $47,152 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$624.2K
$546.2K – $728.3K
NOI $43,697 @ 7.0% cap · market cap 6.25%
Theoretical Best
Specialty Retail
$710.9K
$622.1K – $829.4K
NOI $49,766 @ 7.0% cap · market cap 7.12%
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?
Quadplex - Recently renovated four-unit property with 2-bedroom layouts, in-unit laundry, and off-street parking.
Where is this quadplex located?
The property is located at 1011-1013 Bennett Avenue Colorado Springs, CO.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Recently renovated 4‑unit multifamily built in 1985; All units are 2 bed / 2 bath, averaging about 800 SF each; Units include in‑unit laundry
