Condominium-Style
2627 E Uintah ST, Colorado Springs, CO 80909
For Sale
$599,000
Four two-bedroom apartments offer in-building laundry, individually metered gas and electric, and HOA-managed exterior maintenance.
Property Size3,470 SF
Price / SF$172.62
Days on Market105
Property Features for 2627 E Uintah ST
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Additional Details
Gross Income
Taxes and HOA fees
Annual Taxes
Amenities
in-building washers and dryers
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Cushman & Wakefield
(303) 292-3700
Listed By:
Lee Wagner · License CO #100084704
(417) 459-2155
Source:
Exitrealty
Added: Aug 2
Changed: Oct 25
Last Checked: Oct 16 at 6:44AM
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 Cushman & Wakefield
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Investment Insights
Based on property information with market context.
Located at 2627 E Uintah St in Colorado Springs, this 1985-built fourplex contains four two-bedroom, one-bath units with approximately 850 square feet per residence and 3,470 square feet overall. The property is fully occupied and arranged in a condominium-style layout and designation. Unit features include generously sized bedrooms, ample closet space, full tile tub surrounds, and in-building washers and dryers.
A professionally managed HOA handles landscaping, irrigation, snow removal, parking lot maintenance, and trash removal. Gas and electric are separately metered to each unit, while water is paid by the HOA and recollected from tenants in arrears. Recent capital improvements include PEX water lines. The property sits in Central Colorado Springs near retail, restaurants, everyday services, the U.S. Olympic & Paralympic Training Center, and major transportation corridors.
A professionally managed HOA handles landscaping, irrigation, snow removal, parking lot maintenance, and trash removal. Gas and electric are separately metered to each unit, while water is paid by the HOA and recollected from tenants in arrears. Recent capital improvements include PEX water lines. The property sits in Central Colorado Springs near retail, restaurants, everyday services, the U.S. Olympic & Paralympic Training Center, and major transportation corridors.
Key Highlights
- Fully occupied fourplex with four two‑bedroom, one‑bath units
- 3,470 square feet across four residences averaging ~850 square feet
- 1985‑built property with a condominium‑style layout and designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,449
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$908,980
$909.0K
Cap Rate 7%
$649,271
$649.3K
Cap Rate 9%
$504,989
$505.0K
Market Conditions
NOI Build-Up for 3,470 SF
Gross rent
$68.7K $19.80/SF
− Vacancy
−$3.8K −$1.09/SF
EGI
$64.9K $18.71/SF
− OpEx
−$19.5K −$5.61/SF
NOI
$45.4K $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%
$908,980
Cap Rate 7%
$649,271
Cap Rate 9%
$504,989
Alternative Uses
Best Use
Multifamily LT 5
$649.3K
$568.1K – $757.5K
NOI $45,449 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$601.7K
$526.5K – $702.0K
NOI $42,120 @ 7.0% cap · market cap 7.03%
Theoretical Best
Specialty Retail
$685.3K
$599.6K – $799.5K
NOI $47,969 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
100%
Occupancy
Multi-tenant
Tenancy
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
$352,400
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Colorado Springs, CO
Properties on Market for Quadplexes in Colorado Springs
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom apartments offer in-building laundry, individually metered gas and electric, and HOA-managed exterior maintenance.
Where is this quadplex located?
The property is located at 2627 E Uintah ST Colorado Springs, CO.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Fully occupied fourplex with four two‑bedroom, one‑bath units; 3,470 square feet across four residences averaging ~850 square feet; 1985‑built property with a condominium‑style layout and designation
