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    Duplex with Alley Access Title is generated by Realmo AI

    1019 E Boulder Street, Colorado Springs, CO 80903

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    Claim this Listing
    New
    For Sale
    $349,900

    MULTI_FAMILY - Colorado Springs, CO

    Property size:
    1,848 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $189/SF
    Added:
    Jun 6, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 8 at 2:06 am

    Property Features for 1019 E Boulder Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1586

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1914
    Roof type
    Shingle

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    Listing Contact
    Kenton Carew
    Kenton Carew

    Listing agent Kenton Carew

    Listing office Better Homes and Gardens Real Estate Kenney & Company 2120-a Academy Circle S, Colorado Springs, CO

    Listing date Jun 6, 2026

    MLS# 6663051 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

    • Duplex built in 1914 with forced air heat (natural gas) and shingle roof
    • Each unit offers 924 sqft with 2 bedrooms and 1 bathroom
    • Separate laundry rooms in each unit plus partial basements for storage or additional expansion
    • Large 9,500 sqft lot with alley access
    • Separate driveways off Boulder provide off‑street parking for each unit

    Overview

    This for-sale duplex offers two separate units, each with approximately 924 square feet of living space, featuring 2 bedrooms and 1 bathroom. Both units include separate laundry rooms and partial basements that can support storage and potential future expansion. The property sits on a large 9,500-square-foot lot and is described as having alley access, which can enhance service and staging options.

    The home is located in Colorado Springs near downtown and Memorial Hospital, providing a convenient setting for a variety of residential uses. There are separate driveways off E Boulder Street, adding off-street parking for each unit. The arrangement is designed to support the independence of the two units while maintaining straightforward vehicle access.

    For buyers or operators, the duplex configuration can appeal to those seeking an owner-occupant option or a straightforward two-unit rental setup, given the mirrored unit layouts and separate laundry. The partial basements may also be of interest for practical storage needs, and the property is presented as a “diamond in the rough,” suggesting some cosmetic or functional improvements could be considered. Additionally, the property is noted as a possible candidate for conversion to a single-family home or redevelopment into a new build, depending on buyer goals and applicable requirements.

    Local 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 $36.6k $19.80
    − Vacancy −$2.0k −$1.09
    EGI $34.6k $18.71
    − OpEx −$10.4k −$5.61
    NOI $24.2k $13.10
    1,848 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $345.8K
    $302.6K – $403.4K (±1% cap)
    NOI $24,205 @ 7.0% cap · market cap 6.92%
    Second Best
    Apartment 5plus
    $320.4K
    $280.4K – $373.9K (±1% cap)
    NOI $22,431 @ 7.0% cap · market cap 6.41%
    Theoretical Best
    Specialty Retail
    $365.0K
    $319.3K – $425.8K (±1% cap)
    NOI $25,547 @ 7.0% cap · market cap 7.30%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness 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
    -104.805863
    Latitude
    38.838605

    FAQs

    What type of property is this?
    Duplex - Two-unit duplex with separate laundry rooms and partial basements, each configured as 2-bedroom, 1-bath.
    Where is this duplex located?
    The property is located at 1019 E Boulder Street Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: Duplex built in 1914 with forced air heat (natural gas) and shingle roof; Each unit offers 924 sqft with 2 bedrooms and 1 bathroom; Separate laundry rooms in each unit plus partial basements for storage or additional expansion
    More about this property
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