Two-Unit Duplex
1960 W Yampa Street Colorado Springs, CO 80904
1960 W Yampa Street, Colorado Springs, CO, 80904
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For Sale
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Duplex built in 1986 with two 2-bedroom, 2-bath units, each featuring in-unit washers and dryers.
Property Size1,600 SF
Lot Size0.22 Acres
Price / SF$311.88
Days on Market117
Property Features for 1960 W Yampa Street
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Lot size
- 0.22 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1986
Listing agency
Cushman & Wakefield - Denver, Colorado
(719) 238-9074
Listed by
Lee Wagner · License #CO 100084704
Source
Crexi
Added: Mar 27 Updated: Jul 20 at 5:59PM Checked: Jul 20 at 5:59PM
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 - Denver, Colorado
Investment Insights
Based on property information with market context.
Cushman & Wakefield presents a two-unit duplex investment built in 1986. The property consists of a 1,600-square-foot building on a 9,582-square-foot lot. Both units are configured as 2-bedroom, 2-bath layouts and include walk-in closets, spacious living and kitchen areas, and in-unit washers and dryers.
Located in the westside submarket of Old Colorado City, the property is positioned near major lifestyle amenities, employment centers, and outdoor recreation destinations. The public remarks also note proximity to Garden of the Gods, Downtown Colorado Springs, and the Old Colorado City Historic District’s retail and dining corridor.
This is a straightforward two-unit multifamily asset designed to serve long-term rental demand, with each unit operating as a self-contained residence.
Located in the westside submarket of Old Colorado City, the property is positioned near major lifestyle amenities, employment centers, and outdoor recreation destinations. The public remarks also note proximity to Garden of the Gods, Downtown Colorado Springs, and the Old Colorado City Historic District’s retail and dining corridor.
This is a straightforward two-unit multifamily asset designed to serve long-term rental demand, with each unit operating as a self-contained residence.
Key Highlights
- Built in 1986: two‑unit duplex with 1,600 SF total building area on a 9,582 SF lot
- Two 2‑bedroom, 2‑bath units, averaging about 800 SF each
- Each unit includes walk‑in closets and in‑unit washers and dryers
Local 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 | $31.7k | $19.80 |
| − Vacancy | −$1.7k | −$1.09 |
| EGI | $29.9k | $18.71 |
| − OpEx | −$9.0k | −$5.61 |
| NOI | $21.0k | $13.10 |
1,600 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$299.4K
$262.0K – $349.3K
NOI $20,956 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$277.4K
$242.8K – $323.7K
NOI $19,421 @ 7.0% cap · market cap 3.89%
Theoretical Best
Specialty Retail
$316.0K
$276.5K – $368.6K
NOI $22,118 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex built in 1986 with two 2-bedroom, 2-bath units, each featuring in-unit washers and dryers.
Where is this duplex located?
The property is located at 1960 W Yampa Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Built in 1986: two‑unit duplex with 1,600 SF total building area on a 9,582 SF lot; Two 2‑bedroom, 2‑bath units, averaging about 800 SF each; Each unit includes walk‑in closets and in‑unit washers and dryers
