Four-Unit Residential Income
209 North Arcadia Street Colorado Springs, CO 80903
For Sale
Contact for pricing
Four furnished units with dedicated patio, parking, and shared laundry support multiple rental arrangements under one roof.
Property Size2,412 SF
Price / SF$331.63
Days on Market57
Property Features for 209 North Arcadia Street
General Information
- Standard status
- Active
- Size
- 2,412 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing Agency:
Live Dream Colorado LLC
(719) 272-1765
Listed By:
Lauren Collier · License #CO 100035892
Source:
Crexi
Added: May 28
Changed: Jul 10
Last Checked: Jul 23 at 12:34PM
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 Live Dream Colorado LLC
Investment Insights
Based on property information with market context.
This four-unit residential income property includes Unit 1, a two-story space with a 1960s-style theme that walks out to the back parking lot. Unit 2 is a single-level studio apartment with a Murphy bed and a 1930s-inspired design. Unit 3 is also two stories, featuring drive-up parking at the front and no units above or below. Unit 4 is a mid-century style garden level unit with direct access to the laundry room.
Off-street parking totals three spaces in the parking lot, with additional street parking available. The property also features a large patio and sitting area in the back, along with Pikes Peak views and alley access. An on-site laundry room contains owned, coin-operated washer and dryer equipment. A central boiler serves the entire property, and each unit includes portable A/C. Plumbing has been upgraded to PEX, supporting the building’s overall utility infrastructure.
Operationally, three units are currently run as monthly furnished rentals, while the garden level unit is rented as an annual furnished rental. Rents include utilities and trash, and the owner provides one internet connection that the building shares. The units have been operated pet-free and smoke-free. This combination of unit mix, shared services, and covered laundry and utility systems can be appealing for an owner seeking a streamlined, self-contained residential rental setup.
Off-street parking totals three spaces in the parking lot, with additional street parking available. The property also features a large patio and sitting area in the back, along with Pikes Peak views and alley access. An on-site laundry room contains owned, coin-operated washer and dryer equipment. A central boiler serves the entire property, and each unit includes portable A/C. Plumbing has been upgraded to PEX, supporting the building’s overall utility infrastructure.
Operationally, three units are currently run as monthly furnished rentals, while the garden level unit is rented as an annual furnished rental. Rents include utilities and trash, and the owner provides one internet connection that the building shares. The units have been operated pet-free and smoke-free. This combination of unit mix, shared services, and covered laundry and utility systems can be appealing for an owner seeking a streamlined, self-contained residential rental setup.
Key Highlights
- Four furnished rental units in one property, including monthly furnished rentals plus one annual furnished rental
- On‑site laundry room with owned coin‑operated washer and dryer
- Central boiler serves the whole property; each unit includes portable A/C
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 | $47.8k | $19.80 |
| − Vacancy | −$2.6k | −$1.09 |
| EGI | $45.1k | $18.71 |
| − OpEx | −$13.5k | −$5.61 |
| NOI | $31.6k | $13.10 |
2,412 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$451.3K
$394.9K – $526.5K
NOI $31,592 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$418.2K
$366.0K – $488.0K
NOI $29,277 @ 7.0% cap · market cap 3.66%
Theoretical Best
Specialty Retail
$476.3K
$416.8K – $555.7K
NOI $33,343 @ 7.0% cap · market cap 4.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four furnished units with dedicated patio, parking, and shared laundry support multiple rental arrangements under one roof.
Where is this quadplex located?
The property is located at 209 North Arcadia Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Four furnished rental units in one property, including monthly furnished rentals plus one annual furnished rental; On‑site laundry room with owned coin‑operated washer and dryer; Central boiler serves the whole property; each unit includes portable A/C
