1019 E Boulder Street, Colorado Springs, CO 80903
MULTI_FAMILY - Colorado Springs, CO
- 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
Listing agent Kenton Carew (719) 550-1515
Listing office Better Homes and Gardens Real Estate Kenney & Company 2120-a Academy Circle S, Colorado Springs, CO (719) 550-1515
Listing date Jun 6, 2026
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.805863
- Latitude
- 38.838605