Basement Residential Income
For Sale
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1767 Silver Meadow Cir, Colorado Springs, CO 80951
Separate lower-level living space includes a kitchen, living room, bedroom, and bathroom within an owner-occupied home.
Property Size907 SF
Price / SF$1.65
Days on Market79
Property Features for 1767 Silver Meadow Cir
General Information
Standard status
Active
Size
907 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Banning Lewis Ranch
Building Details
Year Built
2007
Listing Agency:
REMAX PROPERTIES
Listed By:
Alan Armour
(719) 201-2347
Source:
Hudsonstonegateteam
Added: Aug 6
Changed: Oct 1
Last Checked: Oct 7 at 1:44PM
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 residential income property comprises the full basement of a two-story home built in 2007. The 907-square-foot layout includes one bedroom, one bathroom, a kitchen, and a living room. Entry is provided from the home's main level, while laundry facilities are shared with the owner.
The owner occupies the first and second floors above the basement, creating a clearly defined lower-level arrangement within the residence. The property is located at 1767 Silver Meadow Cir in Colorado Springs, Colorado.
The owner occupies the first and second floors above the basement, creating a clearly defined lower-level arrangement within the residence. The property is located at 1767 Silver Meadow Cir in Colorado Springs, Colorado.
Key Highlights
- 907 SF basement residential income property
- One‑bedroom, one‑bathroom configuration
- Kitchen and living room included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,009
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,180
$220.2K
Cap Rate 7%
$157,271
$157.3K
Cap Rate 9%
$122,322
$122.3K
Market Conditions
NOI Build-Up for 907 SF
Gross rent
$21.1K $23.28/SF
− Vacancy
−$1.1K −$1.21/SF
EGI
$20.0K $22.07/SF
− OpEx
−$9.0K −$9.93/SF
NOI
$11.0K $12.14/SF
Area
Colorado Springs, CO
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,180
Cap Rate 7%
$157,271
Cap Rate 9%
$122,322
Alternative Uses
Best Use
Apartment 5plus
$157.3K
$137.6K – $183.5K
NOI $11,009 @ 7.0% cap · market cap 733.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$179.1K
$156.7K – $209.0K
NOI $12,538 @ 7.0% cap · market cap 835.87%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
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Business Placement
Demographics for 80951, CO
4,588
Population
1,563
Households
2.9
Avg Household Size
31
Median Age
36%
College-Educated
96%
High-School Grad
2.9 sq mi
ZIP Area
1,582
Density / Sq Mi
$88,899
Median Household Income
$46,974
Median Earnings
$2,108
Median Rent
$384,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Separate lower-level living space includes a kitchen, living room, bedroom, and bathroom within an owner-occupied home.
Where is this residential income property located?
The property is located at 1767 Silver Meadow Cir Colorado Springs, CO.
What are key features of this property?
This property features: 907 SF basement residential income property; One‑bedroom, one‑bathroom configuration; Kitchen and living room included
