Prospect Neighborhood Duplex Near
For Sale
$365,500
1113 E Cimarron St, Colorado Springs, CO 80910
Duplex in desirable location near downtown and Switchback Stadium.
Property Size1,400 SF
Price / SF$261.07
Days on Market322
Property Features for 1113 E Cimarron St
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Multi-Family
Building Details
Year Built
1915
Listing Agency:
TRADEWIND REAL ESTATE LLC
Listed By:
Michael Tilley · License #40022678
(303) 629-0199
Source:
Teamuniteddenver
Added: Nov 28, 2025
Changed: Oct 2
Last Checked: Oct 7 at 4:35PM
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 TRADEWIND REAL ESTATE LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex is located in the Prospect neighborhood, near Memorial Park and Prospect Lake. The location offers convenient access to downtown and the Switchback Stadium. The property features two units: a 2-bedroom unit leased through March 2026, and a 1-bedroom unit leased through July 2026. Each unit includes a washer and dryer. Interior finishes include granite, linoleum, tile, vinyl, and carpet, along with appliances.
Key Highlights
- Leased through March and July 2026, providing immediate rental income.
- Desirable Prospect neighborhood location near Memorial Park and Prospect Lake.
- Convenient access to downtown and Switchback Stadium.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,337
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,740
$366.7K
Cap Rate 7%
$261,957
$262.0K
Cap Rate 9%
$203,744
$203.7K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$27.7K $19.80/SF
− Vacancy
−$1.5K −$1.09/SF
EGI
$26.2K $18.71/SF
− OpEx
−$7.9K −$5.61/SF
NOI
$18.3K $13.10/SF
Area
Colorado Springs, CO
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,740
Cap Rate 7%
$261,957
Cap Rate 9%
$203,744
Alternative Uses
Best Use
Multifamily LT 5
$262.0K
$229.2K – $305.6K
NOI $18,337 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$242.8K
$212.4K – $283.2K
NOI $16,993 @ 7.0% cap · market cap 4.65%
Theoretical Best
Specialty Retail
$276.5K
$241.9K – $322.6K
NOI $19,354 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex in desirable location near downtown and Switchback Stadium.
Where is this duplex located?
The property is located at 1113 E Cimarron St Colorado Springs, CO.
What is the asking price?
The asking price for this property is $365,500.
What are key features of this property?
This property features: Leased through March and July 2026, providing immediate rental income.; Desirable Prospect neighborhood location near Memorial Park and Prospect Lake.; Convenient access to downtown and Switchback Stadium.
