Remodeled Duplex with Attached
New
For Sale
$550,000
1432 Howard Avenue, Colorado Springs, CO 80909
Updated interiors pair with original character, garden areas, a detached garage, and several outbuildings.
Property Size2,628 SF
Price / SF$209.28
Days on Market2
Property Features for 1432 Howard Avenue
General Information
Standard status
Active
Size
2,628 SF
Property subtype
Income
Site & Location
Neighborhood
Palmer Heights
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,663
Amenities
walking paths
gardens
front porch
sunroom
shared laundry room
detached garage
garden shed with greenhouse enclosure
open storage shed
additional shed
Partial Basement
Vinyl
Electric Hook-up
Main Level,Wood Burning
Stucco
Rear
12600.0
Municipal
0.2893
Building Details
Year Built
1945
Buildings
1
Listing Agency:
REMAX PROPERTIES
(719) 337-1448
Listed By:
Mark Jones · License #FA40025962
(678) 677-6034
Source:
Markjoneshomes
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:00AM
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 REMAX PROPERTIES
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Investment Insights
Based on property information with market context.
This duplex pairs a remodeled main residence with an attached apartment. The main home includes a new kitchen with stainless steel appliances, granite counters, and a custom tile backsplash, plus a bathroom with custom tile and a double vanity. Original coved ceilings, paneled doors, and glass doorknobs retain period details. A sunroom adjoins the kitchen, and the living room faces the backyard gardens. The apartment has been renovated and has new windows; access is through a shared laundry room.
Outdoor and accessory features include landscaped garden areas, a detached garage with additional interior space, a greenhouse enclosure, an open storage shed, and another shed beside the garage. The property was built in 1945.
Outdoor and accessory features include landscaped garden areas, a detached garage with additional interior space, a greenhouse enclosure, an open storage shed, and another shed beside the garage. The property was built in 1945.
Key Highlights
- Duplex with a remodeled main residence and attached apartment
- Main home kitchen features stainless steel appliances, granite counters, and custom tile
- Apartment renovation includes new windows; access is through a shared laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,421
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,420
$688.4K
Cap Rate 7%
$491,729
$491.7K
Cap Rate 9%
$382,456
$382.5K
Market Conditions
NOI Build-Up for 2,628 SF
Gross rent
$52.0K $19.80/SF
− Vacancy
−$2.9K −$1.09/SF
EGI
$49.2K $18.71/SF
− OpEx
−$14.8K −$5.61/SF
NOI
$34.4K $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 Rate 5%
$688,420
Cap Rate 7%
$491,729
Cap Rate 9%
$382,456
Alternative Uses
Best Use
Multifamily LT 5
$491.7K
$430.3K – $573.7K
NOI $34,421 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$455.7K
$398.7K – $531.7K
NOI $31,899 @ 7.0% cap · market cap 5.80%
Theoretical Best
Specialty Retail
$519.0K
$454.1K – $605.5K
NOI $36,329 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Updated interiors pair with original character, garden areas, a detached garage, and several outbuildings.
Where is this duplex located?
The property is located at 1432 Howard Avenue Colorado Springs, CO.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Duplex with a remodeled main residence and attached apartment; Main home kitchen features stainless steel appliances, granite counters, and custom tile; Apartment renovation includes new windows; access is through a shared laundry room
