Multifamily Investment Property in Victor,
133 N 3rd St, Victor, CO 80860
7-unit multifamily property in a historic mountain town.
Type:Multifamily
Property size:
4,763 SFPrice / SF:
$136/SF- Added:
- Jan 23, 2026
- Days on Market:
- 155
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 133 N 3rd St
General Information
- Standard status
- Active
- Size
- 4,763 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1899
Listing office Step Commercial Real Estate
Listing date Jan 23, 2026
Source Crexi
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 Step Commercial Real Estate
HighLights
- Attractive 8.3% cap rate based on proforma performance and a projected NOI of $54,096, indicating strong cash flow potential.
- Value‑add opportunity with potential for increased returns through operational improvements, unit additions, unit upgrades, and rental optimization.
- Stabilized 7‑unit multifamily property in a supply‑constrained rental market.
- Located in the heart of Victor, Colorado, a historic mountain town experiencing renewed interest and steady rental demand.
- Walking distance to local restaurants, shops, and historic attractions, offering tenants a desirable small‑town Colorado lifestyle.
- Proximity to Cripple Creek provides access to employment opportunities in gaming, tourism, and hospitality.
Overview
This 7-unit multifamily investment property, originally built in 1899 and renovated in 2008, is located in Victor, Colorado. The property offers seven residential units. It is positioned along the scenic Highway 67 corridor between Cripple Creek and Woodland Park. The property is situated within walking distance to local restaurants, shops, and historic attractions. The area sees steady demand for rental housing, supported by limited inventory and consistent tenant occupancy. The property could benefit from TLC and offers immediate upside through operational improvements, unit additions, unit upgrades, and rental optimization. The property is 4,763 square feet. Victor has experienced renewed interest from investors and visitors due to its rich mining history and proximity to outdoor recreation. Victor's proximity to Cripple Creek provides access to employment opportunities in gaming, tourism, and hospitality.
Local Financial Insights For Apartment 5plus
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 | $90.3k | $18.96 |
| − Vacancy | −$4.7k | −$0.99 |
| EGI | $85.6k | $17.97 |
| − OpEx | −$38.5k | −$8.09 |
| NOI | $47.1k | $9.89 |
4,763 SF · lease $18.96/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$672.7K
$588.6K – $784.8K
NOI $47,086 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,216 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Purple Squirrel Works
Artist
Location Insight
- Map
- Local Demand
- City
- Victor
- County
- Teller
- State
- Colorado
- Longitude
- -105.1402542
- Latitude
- 38.7113201
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 7-unit multifamily property in a historic mountain town.
Where is this apartment building located?
The property is located at 133 N 3rd St Victor, CO.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Attractive 8.3% cap rate based on proforma performance and a projected NOI of $54,096, indicating strong cash flow potential.; Value‑add opportunity with potential for increased returns through operational improvements, unit additions, unit upgrades, and rental optimization.; Stabilized 7‑unit multifamily property in a supply‑constrained rental market.
