R-2 Duplex with Two 2BR
1309 Tappan Circle Colorado Springs, CO 80909
1309 Tappan Circle, Colorado Springs, CO, 80909
$440,000
For Sale
$440,000
MULTI_FAMILY - Colorado Springs, CO
Property Size1,867 SF
Lot Size0.19 Acres
Price / SF$235.67
Days on Market22
Property Features for 1309 Tappan Circle
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-2
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 4
- Parking
- 2
- Parking features
- On Street, Open, Garage - Attached
- Window features
- Double Pane Windows, Vinyl Frames
- Patio and Porch features
- Patio
- Interior features
- New Paint, Ceiling Fan(s)
- Appliances
- Dishwasher-All, Garbage Disposal-All, Refrigerator-All, Electric Range-All, Microwave Built-In-All, Range Hood-All, Washer-All, Dryer-All
- Standard status
- Active
- APN
- 6411203014
- Size
- 1,867 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LOT 24 BLK 2 AUSTIN ESTATES SUB 5 FIL 2
- Tax Annual Amount
- 1315
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1965
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- New floor coverings
- Building materials
- Frame, Wood Siding, Copper Plumbing
- Roof type
- Composition
Listing Agency
Resident Realty
(720) 933-8669
CO
Listed by
Craig Johnson
(719) 250-4974
Added: Jun 26 Checked: Jul 17 at 6:06 am
MLS# 240119
Listing URL
Copyright © 2026 Pueblo Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex offers two separate 2-bedroom, 1-bath residences, each with its own private garage stall, in-unit washer and dryer, and direct access to the backyard. Both units are currently rented. Interior features include spacious kitchen and dining areas, large bedrooms with generous closets, and abundant natural light. Documented improvements include updated double-pane vinyl windows and recent renovations in both units, along with a roof replacement completed in 2018.
Located at 1309 Tappan Circle in Colorado Springs, the property is positioned near Palmer Park and Mitchell High School, supporting convenient day-to-day access for residents. The duplex is under R-2 zoning.
For buyers seeking an income-producing duplex with day-one occupancy, the property’s separate metering for water, electric, and gas can simplify utility management between the two units. With both residences having their own in-unit laundry and private garage access, the layout is designed for tenant convenience while offering a consistent, repeatable plan across the property.
Located at 1309 Tappan Circle in Colorado Springs, the property is positioned near Palmer Park and Mitchell High School, supporting convenient day-to-day access for residents. The duplex is under R-2 zoning.
For buyers seeking an income-producing duplex with day-one occupancy, the property’s separate metering for water, electric, and gas can simplify utility management between the two units. With both residences having their own in-unit laundry and private garage access, the layout is designed for tenant convenience while offering a consistent, repeatable plan across the property.
Key Highlights
- Income‑producing duplex with both units currently rented for immediate rental income.
- Each unit offers a 2‑bedroom, 1‑bath layout with private garage stall and direct backyard access.
- In‑unit laundry in both units with washer and dryer included; appliances include refrigerator, dishwasher, microwave, electric range, and range hood.
Local 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 | $37.0k | $19.80 |
| − Vacancy | −$2.0k | −$1.09 |
| EGI | $34.9k | $18.71 |
| − OpEx | −$10.5k | −$5.61 |
| NOI | $24.5k | $13.10 |
1,867 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$349.3K
$305.7K – $407.6K
NOI $24,453 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$323.7K
$283.3K – $377.7K
NOI $22,662 @ 7.0% cap · market cap 5.15%
Theoretical Best
Specialty Retail
$368.7K
$322.6K – $430.2K
NOI $25,809 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplex
Apartment Complex
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two rented 2-bedroom duplex units with private garage stalls and in-unit washers/dryers for straightforward rental operations.
Where is this duplex located?
The property is located at 1309 Tappan Circle Colorado Springs, CO.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Income‑producing duplex with both units currently rented for immediate rental income.; Each unit offers a 2‑bedroom, 1‑bath layout with private garage stall and direct backyard access.; In‑unit laundry in both units with washer and dryer included; appliances include refrigerator, dishwasher, microwave, electric range, and range hood.
