7-Unit Multifamily with Garage
1518 N Wahsatch Ave Colorado Springs, CO 80907
For Sale
$1,050,000
Seven-unit mix of primarily two-bed apartments with off-street parking and tenant garages in the Old North End.
Days on Market51
Property Features for 1518 N Wahsatch Ave
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1899
Listing Agency:
Cushman & Wakefield
(719) 238-9074
Listed By:
Nic Polaski · License #100099164
(719) 238-9074
Source:
Elliman
Added: Jun 7
Changed: Jul 10
Last Checked: Jul 27 at 3:05AM
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.
1518 N Wahsatch Avenue is a centrally located 7-unit multifamily property in Colorado Springs’ Old North End. The unit mix includes five two-bedroom units and two one-bedroom units. The property sits on a large 16,000 SF lot and includes off-street parking plus additional garage spaces for tenants. The building has been self-managed for 30+ years, reflecting a long-tenured owner/operator approach to day-to-day operations.
The location supports a tenant base drawn to walkable, urban-core access and proximity to Downtown Colorado Springs and Colorado College. The surrounding area offers access to dining, retail, and recreational amenities, and it is described as attracting a blend of young professionals, students, military-affiliated tenants, and long-term residents. Bike score is noted at 62 (Bikeable) and walk score at 69 (Somewhat Walkable), with a transit score of 29.
For buyers and operators seeking a downtown residential income asset, the primary consideration is the existing unit configuration, with a majority of two-bedroom layouts. The property’s current flexible month-to-month leases may provide an opportunity for rent optimization as leases turn, as referenced in the remarks, alongside the convenience of on-site off-street parking and tenant garages.
The location supports a tenant base drawn to walkable, urban-core access and proximity to Downtown Colorado Springs and Colorado College. The surrounding area offers access to dining, retail, and recreational amenities, and it is described as attracting a blend of young professionals, students, military-affiliated tenants, and long-term residents. Bike score is noted at 62 (Bikeable) and walk score at 69 (Somewhat Walkable), with a transit score of 29.
For buyers and operators seeking a downtown residential income asset, the primary consideration is the existing unit configuration, with a majority of two-bedroom layouts. The property’s current flexible month-to-month leases may provide an opportunity for rent optimization as leases turn, as referenced in the remarks, alongside the convenience of on-site off-street parking and tenant garages.
Key Highlights
- 7‑unit multifamily property (built 1899) in Colorado Springs’ Old North End.
- Unit mix: (5) 2‑bedroom and (2) 1‑bedroom apartments.
- Located on a 16,000 SF lot with off‑street parking and 6 garage spaces for tenants.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Seven-unit mix of primarily two-bed apartments with off-street parking and tenant garages in the Old North End.
Where is this apartment building located?
The property is located at 1518 N Wahsatch Ave Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 7‑unit multifamily property (built 1899) in Colorado Springs’ Old North End.; Unit mix: (5) 2‑bedroom and (2) 1‑bedroom apartments.; Located on a 16,000 SF lot with off‑street parking and 6 garage spaces for tenants.
