12-Unit Apartment
For Sale
Contact for pricing
2575 E Uintah St., Colorado Springs, CO 80909
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 Market15
Property Features for 2575 E Uintah St.
General Information
Standard status
Active
Size
8,550 SF
Total Parking Spaces
18
Property subtype
Multifamily
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$79,080
Financials
Asking Price
$1,300,000
Average Monthly Rent
$928
Units
Unit Mix
6 x 1BR/1BA, 6 x 2BR/1BA
Multifamily Units
12
Building Details
Year Built
1965
Buildings
1
Stories
2
Units
12
Tenancy
Single
Listing Agency:
CBRE - Denver Downtown
Listed By:
Willy Holliday · License #CO 100098089
Source:
Crexi
Added: Jul 28
Changed: Aug 4
Last Checked: Aug 10 at 8:00AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$103,782
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
786
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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
