Duplex with Detached
For Sale
$535,000
1344 N Arcadia Street, Colorado Springs, CO 80903
Two residences offer distinct layouts, shared laundry, and alley-accessed parking and storage improvements.
Property Size2,020 SF
Price / SF$264.85
Days on Market21
Property Features for 1344 N Arcadia Street
General Information
Standard status
Active
Size
2,020 SF
Property subtype
Multi Family
Zoning
R-2
Additional Details
Highway Access
Yes
Amenities
shared laundry facilities
Building Details
Year Built
1980
Tenancy
Multi
Listing Agency:
LIV Sotheby's International Realty
(719) 761-0702
Listed By:
Lauren Stadjuhar · License #100003257
(719) 761-0702
Source:
Exitrealty
Added: Jul 11
Changed: Jul 31
Last Checked: Jul 31 at 1:54PM
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 LIV Sotheby's International Realty
Investment Insights
Based on property information with market context.
This 2,020-square-foot duplex, built in 1980 and zoned R-2, includes two separate residences. The upper unit offers 3 bedrooms and 2 baths, with LVP flooring, fresh paint, new lighting, a wood-burning fireplace, and a composite deck with wrought iron railing. The lower unit includes a spacious living room, kitchenette, 2 bedrooms, and 1 full bath.
An established tenant occupies the lower unit and would like to remain. The property also includes shared laundry facilities, ample street parking, and an oversized detached one-car garage with storage and an enclosed workshop. The garage is accessed from the alley. Located near Patty Jewett, the property is also described as being near downtown, the Old North End, local dining, parks, major employment centers, I-25, and the Powers Corridor.
An established tenant occupies the lower unit and would like to remain. The property also includes shared laundry facilities, ample street parking, and an oversized detached one-car garage with storage and an enclosed workshop. The garage is accessed from the alley. Located near Patty Jewett, the property is also described as being near downtown, the Old North End, local dining, parks, major employment centers, I-25, and the Powers Corridor.
Key Highlights
- 2,020‑square‑foot duplex built in 1980
- Zoned R‑2 with two residential units
- Upper unit has 3 bedrooms, 2 baths, LVP flooring, fireplace, and composite deck
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 | $40.0k | $19.80 |
| − Vacancy | −$2.2k | −$1.09 |
| EGI | $37.8k | $18.71 |
| − OpEx | −$11.3k | −$5.61 |
| NOI | $26.5k | $13.10 |
2,020 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$378.0K
$330.7K – $441.0K
NOI $26,457 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$350.3K
$306.5K – $408.7K
NOI $24,519 @ 7.0% cap · market cap 4.58%
Theoretical Best
Specialty Retail
$398.9K
$349.1K – $465.4K
NOI $27,924 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
581
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer distinct layouts, shared laundry, and alley-accessed parking and storage improvements.
Where is this duplex located?
The property is located at 1344 N Arcadia Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 2,020‑square‑foot duplex built in 1980; Zoned R‑2 with two residential units; Upper unit has 3 bedrooms, 2 baths, LVP flooring, fireplace, and composite deck
