End-Unit Residential Income
For Sale
$465,000
1306 Promontory Bluff View, Colorado Springs, CO 80921
Residential Income, Colorado Springs, CO
Property Size3,000 SF
Lot Size0.05 Acres
Price / SF$155
Days on Market64
Property Features for 1306 Promontory Bluff View
General Information
Property type
Residential Multi Family
Property subtype
Other
Fireplace
1
Basement
Full
Elementary school district
Academy-20
Middle school district
Academy-20
High school district
Academy-20
Standard status
Active
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1672
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
2016
Roof type
Shingle
Listing Agency:
HomeSmart · HomeSmart International
(303) 858-8100
Listed By:
Noah Sathre
(719) 649-0665
Added: Aug 21
Changed: Oct 19
Last Checked: Oct 23 at 2:06PM
MLS# 1665558
Copyright © 2026 elevateMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This end-unit townhome has three bedrooms and four bathrooms, with an ensuite on the main level and walk-in closets in each bedroom. The upper-level primary suite includes a sitting area, walk-in shower, dual vanities, and walk-in closet. A loft, finished basement, oversized laundry room, and mudroom with built-in storage round out the interior. The property also includes a private concrete patio and an attached two-car garage. Built in 2016, it sits on a 0.0541-acre lot.
The home is in Colorado Springs’ Northgate area and Academy District 20, with access to I-25. InterQuest Marketplace is nearby, and Ford Amphitheater is described as 10 minutes away. Shopping, dining, grocery stores, medical facilities, and parks are also identified in the surrounding area.
The home is in Colorado Springs’ Northgate area and Academy District 20, with access to I-25. InterQuest Marketplace is nearby, and Ford Amphitheater is described as 10 minutes away. Shopping, dining, grocery stores, medical facilities, and parks are also identified in the surrounding area.
Key Highlights
- Three bedrooms and four bathrooms, including a main‑level ensuite
- Corner end‑unit townhome with a finished basement and loft
- Attached two‑car garage and private concrete patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,415
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$728,300
$728.3K
Cap Rate 7%
$520,214
$520.2K
Cap Rate 9%
$404,611
$404.6K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$69.8K $23.28/SF
− Vacancy
−$3.6K −$1.21/SF
EGI
$66.2K $22.07/SF
− OpEx
−$29.8K −$9.93/SF
NOI
$36.4K $12.14/SF
Area
Colorado Springs, CO
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$728,300
Cap Rate 7%
$520,214
Cap Rate 9%
$404,611
Alternative Uses
Best Use
Apartment 5plus
$520.2K
$455.2K – $606.9K
NOI $36,415 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$592.5K
$518.4K – $691.2K
NOI $41,472 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Explore this area
Business Placement
Demographics for 80921, CO
25,158
Population
10,412
Households
2.4
Avg Household Size
41
Median Age
64%
College-Educated
98%
High-School Grad
49.0 sq mi
ZIP Area
513
Density / Sq Mi
$143,996
Median Household Income
$70,422
Median Earnings
$2,212
Median Rent
$647,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Finished lower-level space, a private patio, and an attached garage add practical features to this corner-unit home.
Where is this residential income property located?
The property is located at 1306 Promontory Bluff View Colorado Springs, CO.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Three bedrooms and four bathrooms, including a main‑level ensuite; Corner end‑unit townhome with a finished basement and loft; Attached two‑car garage and private concrete patio
