Duplex with Flexible Living
For Sale
$615,000
2613 Flintridge Drive, Colorado Springs, CO 80918
Two connected living areas provide separate kitchens, laundry facilities, and room for multigenerational household needs.
Property Size2,170 SF
Price / SF$283.41
Days on Market49
Property Features for 2613 Flintridge Drive
General Information
Standard status
Active
Size
2,170 SF
Total Parking Spaces
2
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,882
Building Details
Year Built
1974
Buildings
1
Listing Agency:
Keller Williams Clients Choice Realty
(719) 535-0355
Listed By:
Shannon Davis · License #100095442
(719) 359-0030
Source:
Exitrealty
Added: Sep 4
Changed: Oct 3
Last Checked: Oct 2 at 5:55PM
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 Keller Williams Clients Choice Realty
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Investment Insights
Based on property information with market context.
This duplex property combines a three-bedroom, two-bath main residence with attached additional living quarters. The primary home offers an open arrangement linking the kitchen, dining area, and living room, along with newer flooring, new carpet, and natural light. A new refrigerator and included washer and dryer add practical convenience.
The secondary living area includes its own kitchen, laundry, living room, bedroom, non-conforming bedroom, full bathroom, and additional half bathroom. The configuration supports separate household spaces within one connected property. Outside, the home sits on a nearly half-acre lot with mature trees and a large backyard. An oversized two-car garage provides parking and storage. Built in 1974, the property also includes a seller-provided home warranty.
The secondary living area includes its own kitchen, laundry, living room, bedroom, non-conforming bedroom, full bathroom, and additional half bathroom. The configuration supports separate household spaces within one connected property. Outside, the home sits on a nearly half-acre lot with mature trees and a large backyard. An oversized two-car garage provides parking and storage. Built in 1974, the property also includes a seller-provided home warranty.
Key Highlights
- Main residence includes 3 bedrooms and 2 bathrooms
- Attached quarters feature a separate kitchen, laundry, living area, bedroom, and non‑conforming bedroom
- Secondary quarters include 1 full bathroom and 1 additional half bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,512
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,240
$570.2K
Cap Rate 7%
$407,314
$407.3K
Cap Rate 9%
$316,800
$316.8K
Market Conditions
NOI Build-Up for 2,170 SF
Gross rent
$43.0K $19.80/SF
− Vacancy
−$2.2K −$1.03/SF
EGI
$40.7K $18.77/SF
− OpEx
−$12.2K −$5.63/SF
NOI
$28.5K $13.14/SF
Area
ZIP 80918
Vacancy
5.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,240
Cap Rate 7%
$407,314
Cap Rate 9%
$316,800
Alternative Uses
Best Use
Multifamily LT 5
$407.3K
$356.4K – $475.2K
NOI $28,512 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$377.1K
$329.9K – $439.9K
NOI $26,395 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$554.6K
$485.3K – $647.1K
NOI $38,824 @ 7.0% cap · market cap 6.31%
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
291
Businesses Nearby
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Business Placement
Demographics for 80918, CO
47,453
Population
20,447
Households
2.3
Avg Household Size
37
Median Age
38%
College-Educated
95%
High-School Grad
12.0 sq mi
ZIP Area
3,954
Density / Sq Mi
$82,743
Median Household Income
$42,596
Median Earnings
$1,572
Median Rent
$414,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two connected living areas provide separate kitchens, laundry facilities, and room for multigenerational household needs.
Where is this duplex located?
The property is located at 2613 Flintridge Drive Colorado Springs, CO.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Main residence includes 3 bedrooms and 2 bathrooms; Attached quarters feature a separate kitchen, laundry, living area, bedroom, and non‑conforming bedroom; Secondary quarters include 1 full bathroom and 1 additional half bathroom
