Multifamily Community in Colorado
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105 S Academy Blvd, Colorado Springs, CO 80910
150-unit multifamily community with value-add potential in growing submarket.
Property Size148,960 SF
Lot Size5.18 Acres
Days on Market159
Property Features for 105 S Academy Blvd
General Information
Standard status
Active
Size
148,960 SF
Lot size
5.18 Acres
Property subtype
Multifamily
Occupancy
93%
Amenities
Proven Value-Add Upside with Washer/Dryer Renovations
Large, Differentiated Unit Sizes Offer Competitive Advantage
Strong In-Place Income with Significant Upside Through Re-Leasing
Rent Affordability Supports Future Increases Without Overstretching Tenants
Compelling Discount to Homeownership in the Immediate Area
Strategic Location Near Major Economic and Military Employers
Southeast Submarket Offers Supply Constraints and Strong Demand Tailwinds
Well-Positioned Amenities with Opportunities for Enhancement
Building Details
Building Size
148,960 SF
Units
150
Listed By:
Matt Berk · License #License(s): CO: FA.100103127
(303) 328-2035
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 8
Last Checked: Sep 7 at 5:05AM
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 Matt Berk
Investment Insights
Based on property information with market context.
Regal Estates is a 150-unit multifamily community located at 105 S Academy Boulevard in Colorado Springs. Constructed in 1972, this garden-style property is situated on 5.18 acres. The unit mix includes 5 one-bedroom units averaging 792 square feet and 145 two-bedroom units averaging 1,000 square feet. A 30-unit building is currently undergoing renovation to include in-unit washer and dryer installations. Infrastructure upgrades are in progress to support future washer and dryer expansion across additional buildings. The property is located 3.8 miles from Downtown Colorado Springs and under 10 minutes from the Colorado Springs Airport. Nearby employment hubs include Fort Carson, Peterson Space Force Base, and the U.S. Air Force Academy, as well as defense and aerospace contractors such as Lockheed Martin, Northrop Grumman, and Raytheon. Retail centers in the vicinity include Citadel Mall, Walmart Supercenter, and Safeway. Recreation options such as Garden of the Gods, Cheyenne Mountain State Park, and Pikes Peak are also nearby.
Key Highlights
- Value‑add opportunity with ongoing renovation of 30 units to include in‑unit washer/dryers, supporting $100+ rent premiums.
- Located in a rapidly growing submarket of southeast Colorado Springs, near major employment hubs.
- Attractive unit mix with spacious units (5 one‑bedroom, 145 two‑bedroom) exceeding submarket norms.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
839
Businesses Nearby
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Business Placement
Demographics for 80910, CO
30,991
Population
13,940
Households
2.2
Avg Household Size
32
Median Age
25%
College-Educated
89%
High-School Grad
6.1 sq mi
ZIP Area
5,080
Density / Sq Mi
$56,681
Median Household Income
$37,110
Median Earnings
$1,299
Median Rent
$276,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - 150-unit multifamily community with value-add potential in growing submarket.
Where is this apartment building located?
The property is located at 105 S Academy Blvd Colorado Springs, CO.
What are key features of this property?
This property features: Value‑add opportunity with ongoing renovation of 30 units to include in‑unit washer/dryers, supporting $100+ rent premiums.; Located in a rapidly growing submarket of southeast Colorado Springs, near major employment hubs.; Attractive unit mix with spacious units (5 one‑bedroom, 145 two‑bedroom) exceeding submarket norms.
