12-Unit Apartment
2575 E Uintah St., Colorado Springs, CO 80909
For Sale
Contact for pricing
Fully occupied community with balanced one- and two-bedroom layouts near employment, grocery, and retail destinations.
Property Size8,550 SF
Price / SF$152.05
Days on Market110
Property Features for 2575 E Uintah St.
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Investment Type
Net Operating Income
Financials
Asking Price
Average Monthly Rent
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
CBRE - Denver Downtown
Listed By:
Willy Holliday · License CO #100098089
Source:
Crexi
Added: Jul 28
Changed: Nov 3
Last Checked: Nov 12 at 5:05AM
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 CBRE - Denver Downtown
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Investment Insights
Based on property information with market context.
Built in 1965, this 12-unit apartment property measures 8,550 SF and is fully occupied. The unit mix is evenly divided between one-bedroom, one-bath residences and two-bedroom, one-bath residences, with units averaging 713 SF. The property is located at 2575 E. Uintah St. in Colorado Springs.
Residents have convenient access to the Aviation Corridor, Colorado Springs Airport, Peterson Space Force Base, and Schriever Space Force Base. Downtown Colorado Springs is also nearby, while grocery and retail services—including Citadel Mall—are within walking distance along N. Academy Blvd and Galley Rd. The property may also be acquired with the adjacent East Hills Apartments as part of a 44-unit offering.
Residents have convenient access to the Aviation Corridor, Colorado Springs Airport, Peterson Space Force Base, and Schriever Space Force Base. Downtown Colorado Springs is also nearby, while grocery and retail services—including Citadel Mall—are within walking distance along N. Academy Blvd and Galley Rd. The property may also be acquired with the adjacent East Hills Apartments as part of a 44-unit offering.
Key Highlights
- 12‑unit apartment property with 100% occupancy
- Even mix of one‑bedroom/one‑bath and two‑bedroom/one‑bath units
- Units average 713 SF; total property size is 8550 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,782
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,075,640
$2.1M
Cap Rate 7%
$1,482,600
$1.5M
Cap Rate 9%
$1,153,133
$1.2M
Market Conditions
NOI Build-Up for 8,550 SF
Gross rent
$199.0K $23.28/SF
− Vacancy
−$10.4K −$1.21/SF
EGI
$188.7K $22.07/SF
− OpEx
−$84.9K −$9.93/SF
NOI
$103.8K $12.14/SF
Area
Colorado Springs, CO
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,075,640
Cap Rate 7%
$1,482,600
Cap Rate 9%
$1,153,133
Alternative Uses
Best Use
Apartment 5plus
$1.48M
$1.30M – $1.73M
NOI $103,782 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.69M
$1.48M – $1.97M
NOI $118,195 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
786
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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Market
Properties on Market for Apartment buildings in Colorado Springs
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied community with balanced one- and two-bedroom layouts near employment, grocery, and retail destinations.
Where is this apartment building located?
The property is located at 2575 E Uintah St. Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 12‑unit apartment property with 100% occupancy; Even mix of one‑bedroom/one‑bath and two‑bedroom/one‑bath units; Units average 713 SF; total property size is 8550 SF
