Old Colorado City
2201 W Pikes Peak Ave Colorado Springs, CO 80904
2201 W Pikes Peak Ave, Colorado Springs, CO, 80904
Contact for pricing
For Sale
Contact for pricing
Duplex in Old Colorado City for sale.
Property Size1,925 SF
Price / SF$244.16
Days on Market133
Property Features for 2201 W Pikes Peak Ave
General Information
- Standard status
- Active
- Size
- 1,925 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1898
Listing Agency
Kaufman Hagan Commercial Real Estate
Listed by
Ryan Floyd · License #CO FA.040032666
Source
Crexi
Added: Mar 6 Checked: Jul 15 at 8:14 pm
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 Commercial Real Estate
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
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 | $38.1k | $19.80 |
| − Vacancy | −$2.1k | −$1.09 |
| EGI | $36.0k | $18.71 |
| − OpEx | −$10.8k | −$5.61 |
| NOI | $25.2k | $13.10 |
1,925 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$360.2K
$315.2K – $420.2K
NOI $25,213 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$333.8K
$292.1K – $389.4K
NOI $23,366 @ 7.0% cap · market cap 4.97%
Theoretical Best
Specialty Retail
$380.2K
$332.6K – $443.5K
NOI $26,611 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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 $470,000.
What are key features of this property?
This property features: Old Colorado City Location; Duplex Property; Price of $247,500 per Unit
