Old Colorado City
For Sale
$440,000
2201 W Pikes Peak Ave, Colorado Springs, CO 80904
Duplex in Old Colorado City for sale.
Property Size1,226 SF
Price / SF$358.89
Days on Market214
Property Features for 2201 W Pikes Peak Ave
General Information
Standard status
Active
Size
1,226 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Old Colorado City
Building Details
Year Built
1898
Listing Agency:
Kaufman Hagan
Listed By:
Drew Madayag · License #100109778
(303) 859-0682
Source:
Teamuniteddenver
Added: Mar 27
Changed: Oct 26
Last Checked: Oct 7 at 3:14PM
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 Kaufman Hagan
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property is a duplex located in Old Colorado City. The property size is 1925 square feet. The property is for sale at $247,500 per unit, with a total price of $495,000.
Key Highlights
- Old Colorado City Location
- Duplex Property
- Price of $247,500 per Unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,058
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,160
$321.2K
Cap Rate 7%
$229,400
$229.4K
Cap Rate 9%
$178,422
$178.4K
Market Conditions
NOI Build-Up for 1,226 SF
Gross rent
$24.3K $19.80/SF
− Vacancy
−$1.3K −$1.09/SF
EGI
$22.9K $18.71/SF
− OpEx
−$6.9K −$5.61/SF
NOI
$16.1K $13.10/SF
Area
Colorado Springs, CO
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,160
Cap Rate 7%
$229,400
Cap Rate 9%
$178,422
Alternative Uses
Best Use
Multifamily LT 5
$229.4K
$200.7K – $267.6K
NOI $16,058 @ 7.0% cap · market cap 3.65%
Second Best
Apartment 5plus
$212.6K
$186.0K – $248.0K
NOI $14,881 @ 7.0% cap · market cap 3.38%
Theoretical Best
Specialty Retail
$242.1K
$211.9K – $282.5K
NOI $16,948 @ 7.0% cap · market cap 3.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,509
Businesses Nearby
Explore this area
Business Placement
Demographics for 80904, CO
20,986
Population
11,578
Households
1.8
Avg Household Size
47
Median Age
45%
College-Educated
96%
High-School Grad
11.2 sq mi
ZIP Area
1,874
Density / Sq Mi
$69,566
Median Household Income
$44,494
Median Earnings
$1,417
Median Rent
$413,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex in Old Colorado City for sale.
Where is this duplex located?
The property is located at 2201 W Pikes Peak Ave Colorado Springs, CO.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Old Colorado City Location; Duplex Property; Price of $247,500 per Unit
