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Victorian Apartment Complex
For Sale
$3,250,000

1215 N Nevada Avenue, Colorado Springs, CO 80903

Three-building multifamily property with alley-accessible gravel parking and varied apartment layouts.

Property SizeContact for details
Days on Market258

Property Features for 1215 N Nevada Avenue

General Information

Standard status Active
Property subtype Multi Family

Units

Unit Mix 4 x efficiency, 11 x one-bedroom, 5 x 1+ bedroom, 1 x two-bedroom, 1 x three-bedroom cottage
Multifamily Units 22

Taxes and HOA fees

Annual Taxes $6,794

Building Details

Year Built 1910
Buildings 3
Listing Agency: RE/MAX Real Estate Group LLC
Listed By: Anthony Deppe · License #FA40026982
Source: Exitrealty
Added: Dec 19, 2025 Changed: Sep 2 Last Checked: Sep 2 at 10:07PM

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 LLC

Investment Insights

Based on property information with market context.

Constructed in 1910, this multifamily property includes three buildings and an alley-accessible gravel parking lot in Colorado Springs’ Historic Old North End. The buildings offer a varied unit mix, including efficiencies, one-bedroom apartments, 1+ bedroom units, a two-bedroom apartment, and a standalone three-bedroom cottage.

The 1213 building contains eight units, while the 1215 building contains 13 units; one unit in the latter is currently used as an office. Individual apartments include refrigerators, gas stoves, and mini blinds. The property is located at 1215 N Nevada Avenue and has a history of long-term tenancy and steady occupancy.

Key Highlights

  • Three‑building apartment property constructed in 1910
  • 1213 building includes 8 units: 1 efficiency, 5 one‑bedroom, and 2 1+ bedroom units
  • 1215 building includes 13 units with efficiency, one‑bedroom, 1+ bedroom, and two‑bedroom layouts

Property Analytics

Current Use

Van & Co Real Estate Agency

Suggested Use

Top Pick Electrical Service Auto Parts Store Kitchen & Bath Showroom Bakery Home Appliance Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

22
Residential units

Location Intelligence

Trade Area within ½ mile

990
Businesses Nearby

Demographics for 80903, CO

15,944
Population
8,340
Households
1.9
Avg Household Size
34
Median Age
39%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$59,292
Median Household Income
$35,251
Median Earnings
$1,221
Median Rent
$420,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Three-building multifamily property with alley-accessible gravel parking and varied apartment layouts.
Where is this apartment building located?
The property is located at 1215 N Nevada Avenue Colorado Springs, CO.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Three‑building apartment property constructed in 1910; 1213 building includes 8 units: 1 efficiency, 5 one‑bedroom, and 2 1+ bedroom units; 1215 building includes 13 units with efficiency, one‑bedroom, 1+ bedroom, and two‑bedroom layouts
More about this property
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