Duplex with Detached
2312 W Platte Avenue, Colorado Springs, CO 80904
For Sale
New
$485,000
Residential Income, Colorado Springs, CO
Property Size1,300 SF
Lot Size0.08 Acres
Price / SF$373.08
Days on Market1
Property Features for 2312 W Platte Avenue
General Information
Property type
Property subtype
Elementary school district
Middle school district
High school district
Standard status
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Roof type
Buildings
Listing Agency:
Keller Williams Premier Realty · Keller Williams Realty
(719) 445-0234
Listed By:
Jeffrey Johnson · License #100031211
(719) 930-5169
Added: Nov 6
Last Checked: Nov 6 at 10:06PM
MLS# 2683170
Copyright © 2026 elevateMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1903, this duplex property comprises a two-bedroom, one-bathroom main residence and a detached one-bedroom, one-bathroom cottage with a full kitchen. Together, the residences provide nearly 1,300 square feet of living space on a 0.0826-acre lot. The main home has an open floor plan. Both units have updated bathrooms and new LVP flooring; the foundation was rebuilt, and the exterior was repainted.
The front residence is occupied by a long-term tenant, while the rear cottage operates as an Airbnb. The property is in Old Colorado City, near its shops, restaurants, and galleries, as well as downtown Colorado Springs, Garden of the Gods, and hiking and biking trails. There is no HOA.
The front residence is occupied by a long-term tenant, while the rear cottage operates as an Airbnb. The property is in Old Colorado City, near its shops, restaurants, and galleries, as well as downtown Colorado Springs, Garden of the Gods, and hiking and biking trails. There is no HOA.
Key Highlights
- Two residences: a 2‑bedroom, 1‑bathroom main home and detached 1‑bedroom, 1‑bathroom cottage
- Nearly 1,300 square feet of combined living space on a 0.0826‑acre lot
- Cottage includes a full kitchen and operates as an Airbnb
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,027
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,540
$340.5K
Cap Rate 7%
$243,243
$243.2K
Cap Rate 9%
$189,189
$189.2K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$25.7K $19.80/SF
− Vacancy
−$1.4K −$1.09/SF
EGI
$24.3K $18.71/SF
− OpEx
−$7.3K −$5.61/SF
NOI
$17.0K $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%
$340,540
Cap Rate 7%
$243,243
Cap Rate 9%
$189,189
Alternative Uses
Best Use
Multifamily LT 5
$243.2K
$212.8K – $283.8K
NOI $17,027 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$225.4K
$197.3K – $263.0K
NOI $15,780 @ 7.0% cap · market cap 3.25%
Theoretical Best
Specialty Retail
$256.7K
$224.6K – $299.5K
NOI $17,971 @ 7.0% cap · market cap 3.71%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,310
Businesses Nearby
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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
$413,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Colorado Springs, CO
Properties on Market for Duplexes in Colorado Springs
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate homes offer distinct living arrangements, including a rear cottage with its own full kitchen.
Where is this duplex located?
The property is located at 2312 W Platte Avenue Colorado Springs, CO.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Two residences: a 2‑bedroom, 1‑bathroom main home and detached 1‑bedroom, 1‑bathroom cottage; Nearly 1,300 square feet of combined living space on a 0.0826‑acre lot; Cottage includes a full kitchen and operates as an Airbnb
