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    724 N Nevada Ave Colorado Springs, CO 80903

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    For Sale
    Contact for pricing

    Seven-unit multifamily property in Downtown Colorado Springs submarket.

    Property size:
    4,800 SF

    Property Features for 724 N Nevada Ave

    General Information

    Size
    4,800 SF

    Building Details

    Year built
    1895

    Source: Andy Monette Agent Andy Monette

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Colorado Springs Multifamily Property

    This is a seven-unit multifamily property constructed in 1895. The property is located within the Downtown Colorado Springs submarket. The building has a property size of 4800 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Law Firm Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.8217051
    Latitude
    38.8446295

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    FAQs

    What type of property is this?
    Apartment building - Seven-unit multifamily property in Downtown Colorado Springs submarket.
    Where is this apartment building located?
    The property is located at 724 N Nevada Ave Colorado Springs, CO.
    What are key features of this property?
    This property features: - 7-unit multi-family property; - Located in the Downtown Colorado Springs Submarket; - Built in 1895
    (714) 330-1436
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    724 N Nevada Ave Colorado Springs, CO 80903
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    Colorado Springs, CO 80903
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    724 N Nevada Ave Colorado Springs, CO 80903
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