Two-Unit Duplex with Detached
For Sale
$490,000
Pending
1446 E San Miguel Street, Colorado Springs, CO 80909
Two single-level units feature private entrances, in-unit laundry, basement storage, and hardwood flooring.
Property Size2,830 SF
Days on Market106
Property Features for 1446 E San Miguel Street
General Information
Standard status
Pending
Size
2,830 SF
Property subtype
Multi Family
Building Details
Year Built
1950
Listing Agency:
Cushman & Wakefield
(719) 238-9074
Listed By:
Nic Polaski · License #100099164
(719) 238-9074
Source:
Exitrealty
Added: Apr 17
Changed: Jul 31
Last Checked: Jul 31 at 1:17PM
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 Cushman & Wakefield
Investment Insights
Based on property information with market context.
This duplex includes two approximately 1,400-square-foot units, each configured with 3 bedrooms and 2 bathrooms. Both units offer single-level living, front and rear entrances, hardwood flooring, electric heating, and in-unit washer and dryer connections. Additional basement space provides storage or expanded functionality, while a detached garage adds to the property’s physical improvements. The property was built in 1950.
The duplex comprises 1446 E San Miguel Street and 1504 E Uintah Street in Colorado Springs, with a location near the U.S. Olympic Training Center. The two-unit configuration and separate entrances provide a straightforward residential income property layout.
The duplex comprises 1446 E San Miguel Street and 1504 E Uintah Street in Colorado Springs, with a location near the U.S. Olympic Training Center. The two-unit configuration and separate entrances provide a straightforward residential income property layout.
Key Highlights
- Two approximately 1,400‑square‑foot units, each with 3 bedrooms and 2 bathrooms
- Single‑level living with front and rear entrances in both units
- Hardwood flooring and electric heating
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 | $56.0k | $19.80 |
| − Vacancy | −$3.1k | −$1.09 |
| EGI | $53.0k | $18.71 |
| − OpEx | −$15.9k | −$5.61 |
| NOI | $37.1k | $13.10 |
2,830 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$529.5K
$463.3K – $617.8K
NOI $37,066 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$490.7K
$429.4K – $572.5K
NOI $34,351 @ 7.0% cap · market cap 7.01%
Theoretical Best
Specialty Retail
$558.9K
$489.0K – $652.0K
NOI $39,122 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
555
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
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 single-level units feature private entrances, in-unit laundry, basement storage, and hardwood flooring.
Where is this duplex located?
The property is located at 1446 E San Miguel Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Two approximately 1,400‑square‑foot units, each with 3 bedrooms and 2 bathrooms; Single‑level living with front and rear entrances in both units; Hardwood flooring and electric heating
