Brick Fourplex with Private
1409 E Caramillo St Colorado Springs, CO 80909
New
For Sale
$629,900
Ground-level 2BR/1BA fourplex with private entrances, individually metered utilities, and washer/dryer hookups.
Lot Size0.35 Acres
Days on Market6
Property Features for 1409 E Caramillo St
General Information
Standard status
Active
Lot size
0.35 Acres
Property subtype
Investment
Lease Term
Month-to-month
Building Details
Year Built
1951
Listing Agency:
eXp Realty, LLC
(719) 368-0343
Listed By:
Jed Johnson
(719) 368-0343
Source:
Elliman
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 27 at 1:04PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This brick fourplex features four ground-level 2-bedroom, 1-bath units, each with its own private entrance and original hardwood floors. Gas and electric utilities are individually metered, with tenants responsible for their own utilities. Washer/dryer hookups are provided in the units. Off-street parking is available, and the property includes mature trees.
Three of the units are currently occupied on month-to-month terms at $3,025/month, with the fourth unit vacant and move-in ready. The building fronts the Patty Jewett golf course and is located on a double lot in Golf Club Acres.
Three of the units are currently occupied on month-to-month terms at $3,025/month, with the fourth unit vacant and move-in ready. The building fronts the Patty Jewett golf course and is located on a double lot in Golf Club Acres.
Key Highlights
- Brick fourplex built in 1951 on a 15,387 SF double lot in Golf Club Acres, directly across from Patty Jewett golf course
- Four ground‑level 2BR/1BA units with private entrances
- Original hardwood floors in all units
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 | $61.5k | $19.80 |
| − Vacancy | −$3.4k | −$1.09 |
| EGI | $58.1k | $18.71 |
| − OpEx | −$17.4k | −$5.61 |
| NOI | $40.7k | $13.10 |
3,105 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$581.0K
$508.4K – $677.8K
NOI $40,668 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$538.4K
$471.1K – $628.2K
NOI $37,689 @ 7.0% cap · market cap 5.98%
Theoretical Best
Specialty Retail
$613.2K
$536.6K – $715.4K
NOI $42,924 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Ground-level 2BR/1BA fourplex with private entrances, individually metered utilities, and washer/dryer hookups.
Where is this quadplex located?
The property is located at 1409 E Caramillo St Colorado Springs, CO.
What is the asking price?
The asking price for this property is $629,900.
What are key features of this property?
This property features: Brick fourplex built in 1951 on a 15,387 SF double lot in Golf Club Acres, directly across from Patty Jewett golf course; Four ground‑level 2BR/1BA units with private entrances; Original hardwood floors in all units
