Updated Duplex with Detached
New
For Sale
$399,999
1310 E Columbia Street, Colorado Springs, CO 80909
Two separate living spaces provide flexible occupancy, rental, or guest-use options with shared outdoor space and central air conditioning.
Property Size1,668 SF
Price / SF$239.81
Days on Market7
Property Features for 1310 E Columbia Street
General Information
Standard status
Active
Size
1,668 SF
Total Parking Spaces
2
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,468
Amenities
backyard
forced air A/C
washer/dryer
Building Details
Year Built
1953
Listing Agency:
Better Homes & Gardens Real Estate - Kenney & Co.
(719) 550-1515
Listed By:
Thomas Kenney · License #100055874
(719) 650-7290
Source:
Exitrealty
Added: Sep 5
Changed: Sep 10
Last Checked: Sep 10 at 7:19AM
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 Better Homes & Gardens Real Estate - Kenney & Co.
Investment Insights
Based on property information with market context.
This 1,668-square-foot duplex, built in 1953, includes two distinct living units. The upper residence offers three bedrooms and one bathroom, with wood flooring in the living room and a kitchen updated in 2018 with granite counters, stainless steel appliances, a gas range, tile backsplash, upgraded cabinets, and a combination washer/dryer. The lower unit has a private backyard entry, living room, kitchen, one bedroom, an updated three-quarter bathroom, and a washer and dryer/storage room.
A detached two-car garage adds off-street parking and storage, while the shared backyard provides outdoor space for residents and pets. Forced-air air conditioning serves the property. Located at 1310 E Columbia Street in Colorado Springs, the duplex supports separate household arrangements, rental occupancy, or an owner-occupied setup with an additional living unit.
A detached two-car garage adds off-street parking and storage, while the shared backyard provides outdoor space for residents and pets. Forced-air air conditioning serves the property. Located at 1310 E Columbia Street in Colorado Springs, the duplex supports separate household arrangements, rental occupancy, or an owner-occupied setup with an additional living unit.
Key Highlights
- Two‑unit duplex with 1,668 SF of total property size
- Upper unit includes 3 bedrooms and 1 bathroom
- Lower unit offers 1 bedroom, an updated 3/4 bathroom, and private backyard entry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,847
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$436,940
$436.9K
Cap Rate 7%
$312,100
$312.1K
Cap Rate 9%
$242,744
$242.7K
Market Conditions
NOI Build-Up for 1,668 SF
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.
Gross rent
$33.0K $19.80/SF
− Vacancy
−$1.8K −$1.09/SF
EGI
$31.2K $18.71/SF
− OpEx
−$9.4K −$5.61/SF
NOI
$21.8K $13.10/SF
Area
Colorado Springs, CO
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$436,940
Cap Rate 7%
$312,100
Cap Rate 9%
$242,744
Alternative Uses
Best Use
Multifamily LT 5
$312.1K
$273.1K – $364.1K
NOI $21,847 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$289.2K
$253.1K – $337.5K
NOI $20,247 @ 7.0% cap · market cap 5.06%
Theoretical Best
Specialty Retail
$329.4K
$288.2K – $384.3K
NOI $23,058 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
Explore this area
Business Placement
Demographics for 80909, CO
37,302
Population
16,572
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,722
Density / Sq Mi
$61,777
Median Household Income
$36,894
Median Earnings
$1,227
Median Rent
$352,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 separate living spaces provide flexible occupancy, rental, or guest-use options with shared outdoor space and central air conditioning.
Where is this duplex located?
The property is located at 1310 E Columbia Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Two‑unit duplex with 1,668 SF of total property size; Upper unit includes 3 bedrooms and 1 bathroom; Lower unit offers 1 bedroom, an updated 3/4 bathroom, and private backyard entry
