Fourplex Residential Income
1065 Magnolia Street Colorado Springs, CO 80907
1065 Magnolia Street, Colorado Springs, CO, 80907
$725,000
For Sale
$725,000
Four spacious 2-bedroom, 1-bath units make up this residential income property, with two recently renovated units.
Property Size3,348 SF
Price / SF$216.55
Days on Market77
Property Features for 1065 Magnolia Street
General Information
- Standard status
- Active
- Size
- 3,348 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1971
Listing agency
Cushman & Wakefield
(719) 238-9074
Listed by
Nic Polaski · License #100099164
(719) 238-9074
Source
Exitrealty
Added: May 8 Updated: Jul 22 at 5:56PM Checked: Jul 22 at 5:56PM
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
Investment Insights
Based on property information with market context.
This fourplex residential income property includes four spacious 2-bedroom, 1-bath units. Two units have been recently renovated, and recent exterior updates include exterior painting and tree and shrub removal.
The property is located in Colorado Springs near the University of Colorado Colorado Springs (UCCS) and Interstate 25 (I-25), supporting ongoing tenant demand in the area.
As a 4-plex, the building provides a multi-unit setup for investors seeking rental income from multiple units within a single asset.
The property is located in Colorado Springs near the University of Colorado Colorado Springs (UCCS) and Interstate 25 (I-25), supporting ongoing tenant demand in the area.
As a 4-plex, the building provides a multi-unit setup for investors seeking rental income from multiple units within a single asset.
Key Highlights
- 1971‑built 4‑plex in Colorado Springs with four 2‑bedroom, 1‑bath units
- Two units have been recently renovated
- Property is near University of Colorado Colorado Springs (UCCS) and Interstate 25 (I‑25)
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 | $66.3k | $19.80 |
| − Vacancy | −$3.6k | −$1.09 |
| EGI | $62.6k | $18.71 |
| − OpEx | −$18.8k | −$5.61 |
| NOI | $43.9k | $13.10 |
3,348 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$626.4K
$548.1K – $730.9K
NOI $43,851 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$580.6K
$508.0K – $677.3K
NOI $40,639 @ 7.0% cap · market cap 5.61%
Theoretical Best
Specialty Retail
$661.2K
$578.5K – $771.4K
NOI $46,283 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four spacious 2-bedroom, 1-bath units make up this residential income property, with two recently renovated units.
Where is this quadplex located?
The property is located at 1065 Magnolia Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 1971‑built 4‑plex in Colorado Springs with four 2‑bedroom, 1‑bath units; Two units have been recently renovated; Property is near University of Colorado Colorado Springs (UCCS) and Interstate 25 (I‑25)
