Remodeled Duplex with Updated
For Sale
$479,999
2512 E Monument Street, Colorado Springs, CO 80909
Two-unit residential property with renovated interiors, established occupancy, and convenient access to interstate travel and daily amenities.
Property Size1,600 SF
Price / SF$299
Days on Market91
Property Features for 2512 E Monument Street
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,382
Building Details
Year Built
1984
Listing Agency:
Mackenzie Jackson LLC
(719) 206-6140
Listed By:
Maxwell Hobbs · License #100099485
(858) 386-3569
Source:
Exitrealty
Added: Jul 18
Changed: Sep 2
Last Checked: Sep 15 at 4:24AM
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 Mackenzie Jackson LLC
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Investment Insights
Based on property information with market context.
This duplex contains two separately configured units, each offering 2 bedrooms, 2 bathrooms, and approximately 800 square feet. Completed improvements include new flooring, refreshed interior paint, renovated bathrooms, and modern appliances. The property was built in 1984 and presents an updated residential income configuration.
The lower unit is leased through December and has a documented rental history. The upper unit provides additional occupancy flexibility. The address offers access to the interstate, shopping, restaurants, and everyday services in the surrounding area.
The lower unit is leased through December and has a documented rental history. The upper unit provides additional occupancy flexibility. The address offers access to the interstate, shopping, restaurants, and everyday services in the surrounding area.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 2 bathrooms per unit
- Approximately 800 square feet in each unit
- New flooring, interior paint, updated bathrooms, and modern appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,956
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,120
$419.1K
Cap Rate 7%
$299,371
$299.4K
Cap Rate 9%
$232,844
$232.8K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$31.7K $19.80/SF
− Vacancy
−$1.7K −$1.09/SF
EGI
$29.9K $18.71/SF
− OpEx
−$9.0K −$5.61/SF
NOI
$21.0K $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%
$419,120
Cap Rate 7%
$299,371
Cap Rate 9%
$232,844
Alternative Uses
Best Use
Multifamily LT 5
$299.4K
$262.0K – $349.3K
NOI $20,956 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$277.4K
$242.8K – $323.7K
NOI $19,421 @ 7.0% cap · market cap 4.05%
Theoretical Best
Specialty Retail
$316.0K
$276.5K – $368.6K
NOI $22,118 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,541
Businesses Nearby
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Business Placement
Demographics for 80909, CO
37,302
Population
16,572
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,722
Density / Sq Mi
$61,777
Median Household Income
$36,894
Median Earnings
$1,227
Median Rent
$352,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with renovated interiors, established occupancy, and convenient access to interstate travel and daily amenities.
Where is this duplex located?
The property is located at 2512 E Monument Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $479,999.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 2 bathrooms per unit; Approximately 800 square feet in each unit; New flooring, interior paint, updated bathrooms, and modern appliances
