New-Construction
For Sale
$875,000
1217 Custer Avenue, Colorado Springs, CO 80903
Two independent residences offer private entrances, attached garages, fenced patios, and contemporary finishes throughout.
Property Size3,154 SF
Price / SF$277.43
Days on Market22
Property Features for 1217 Custer Avenue
General Information
Standard status
Active
Size
3,154 SF
Property subtype
Multi Family
Building Details
Year Built
2025
Buildings
1
Tenancy
Multi
Listing Agency:
Pink Realty
(719) 888-7465
Listed By:
Monica Breckenridge · License #100039396
(719) 888-7465
Source:
Exitrealty
Added: Jul 10
Changed: Jul 31
Last Checked: Jul 31 at 11:28AM
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 Pink Realty
Investment Insights
Based on property information with market context.
Built in 2025, this 3,154-square-foot duplex is designed to provide the privacy and feel of two separate homes. The residences connect only through a shared storage wing, with each offering its own driveway, private entrance, attached garage, exterior storage room, and spacious fenced patio. Interior features include open-concept main levels, luxury vinyl plank flooring, recessed lighting, upgraded fixtures, quartz countertops, tile backsplashes, stainless steel appliances with gas ranges, generous cabinetry, and oversized islands with seating.
Each home includes three bedrooms and 2.5 bathrooms. The primary suite has a walk-in closet and en-suite bathroom with a double-sink vanity and walk-in shower. Two additional bedrooms include walk-in closets and share a full bathroom with dual sinks and a tiled tub/shower. Upper-level laundry areas include washers and dryers. Energy-efficient construction, central air conditioning, and tankless water heaters add to the property’s functional design.
Located in central Colorado Springs near Patty Jewett Golf Course, Bonforte Park, Shooks Run Trail, downtown restaurants, shopping, parks, and trails, the property also offers Pikes Peak views from multiple windows.
Each home includes three bedrooms and 2.5 bathrooms. The primary suite has a walk-in closet and en-suite bathroom with a double-sink vanity and walk-in shower. Two additional bedrooms include walk-in closets and share a full bathroom with dual sinks and a tiled tub/shower. Upper-level laundry areas include washers and dryers. Energy-efficient construction, central air conditioning, and tankless water heaters add to the property’s functional design.
Located in central Colorado Springs near Patty Jewett Golf Course, Bonforte Park, Shooks Run Trail, downtown restaurants, shopping, parks, and trails, the property also offers Pikes Peak views from multiple windows.
Key Highlights
- 3,154‑square‑foot duplex built in 2025
- Two residences connect only through a shared storage wing
- Each home has a private driveway, entrance, attached garage, exterior storage room, and fenced patio
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 | $62.4k | $19.80 |
| − Vacancy | −$3.4k | −$1.09 |
| EGI | $59.0k | $18.71 |
| − OpEx | −$17.7k | −$5.61 |
| NOI | $41.3k | $13.10 |
3,154 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$590.1K
$516.4K – $688.5K
NOI $41,310 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$546.9K
$478.6K – $638.1K
NOI $38,284 @ 7.0% cap · market cap 4.38%
Theoretical Best
Specialty Retail
$622.9K
$545.0K – $726.7K
NOI $43,601 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two independent residences offer private entrances, attached garages, fenced patios, and contemporary finishes throughout.
Where is this duplex located?
The property is located at 1217 Custer Avenue Colorado Springs, CO.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 3,154‑square‑foot duplex built in 2025; Two residences connect only through a shared storage wing; Each home has a private driveway, entrance, attached garage, exterior storage room, and fenced patio
