Four-Unit Vacation Rental
1127 8th Street, Calhan, CO 80808
For Sale
New
$930,000
Four furnished residences currently operate as vacation rentals, with in-unit laundry and dedicated parking.
Property Size5,152 SF
Price / SF$180.51
Days on Market2
Property Features for 1127 8th Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Parking per Unit
Additional Details
Furnished
Currently Operating
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
storage room
Trex decks
Crawl Space
Vinyl
Electric Hook-up
Alum/Vinyl/Steel
Rear
7500.0
Municipal
0.1722
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
RE/MAX Real Estate Group Inc
(719) 337-1448
Listed By:
Mark Jones · License CO #100019789
(719) 231-5694
Source:
Markjoneshomes
Added: Nov 12
Changed: Nov 13
Last Checked: Nov 13 at 2:17AM
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 RE/MAX Real Estate Group Inc
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Investment Insights
Based on property information with market context.
Built in 2003, this fourplex contains four furnished residences, each with three bedrooms and more than 1,200 square feet. Interior features include laminate flooring, ample cabinetry, a large storage room, and an in-unit laundry room. Trex decks, vinyl windows, 2x6 construction, and low-maintenance exteriors are among the property’s durable features.
Each residence has two designated parking spaces. The property is located at 1127 8th Street in Calhan, Colorado, and currently operates as four vacation rentals.
Each residence has two designated parking spaces. The property is located at 1127 8th Street in Calhan, Colorado, and currently operates as four vacation rentals.
Key Highlights
- Four three‑bedroom residences, each exceeding 1,200 square feet
- Currently operated as four furnished vacation rentals
- Built in 2003 with 2x6 construction and vinyl windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,865
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,237,300
$1.2M
Cap Rate 7%
$883,786
$883.8K
Cap Rate 9%
$687,389
$687.4K
Market Conditions
NOI Build-Up for 5,152 SF
Gross rent
$99.5K $19.32/SF
− Vacancy
−$11.2K −$2.17/SF
EGI
$88.4K $17.15/SF
− OpEx
−$26.5K −$5.15/SF
NOI
$61.9K $12.01/SF
Area
El Paso County, CO
Vacancy
11.21%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,237,300
Cap Rate 7%
$883,786
Cap Rate 9%
$687,389
Alternative Uses
Best Use
Multifamily LT 5
$883.8K
$773.3K – $1.03M
NOI $61,865 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$766.9K
$671.1K – $894.7K
NOI $53,684 @ 7.0% cap · market cap 5.77%
Theoretical Best
Specialty Retail
$1.13M
$986.7K – $1.32M
NOI $78,932 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
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Business Placement
Demographics for 80808, CO
6,990
Population
2,631
Households
2.7
Avg Household Size
41
Median Age
20%
College-Educated
91%
High-School Grad
390.9 sq mi
ZIP Area
18
Density / Sq Mi
$72,891
Median Household Income
$40,992
Median Earnings
$970
Median Rent
$328,300
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in El Paso County, CO
Properties on Market for Quadplexes in El Paso County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four furnished residences currently operate as vacation rentals, with in-unit laundry and dedicated parking.
Where is this quadplex located?
The property is located at 1127 8th Street Calhan, CO.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Four three‑bedroom residences, each exceeding 1,200 square feet; Currently operated as four furnished vacation rentals; Built in 2003 with 2x6 construction and vinyl windows
