Condominium-Style
For Sale
$599,000
2627 E Uintah St, Colorado Springs, CO 80909
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 Market13
Property Features for 2627 E Uintah St
General Information
Standard status
Active
Size
3,470 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Gross Income
$54,876
Taxes and HOA fees
Annual Taxes
$2,380
Amenities
in-building washers and dryers
Building Details
Year Built
1985
Buildings
1
Tenancy
Multi
Listing Agency:
Cushman & Wakefield
(417) 459-2155
Listed By:
Lee Wagner · License #100084704
(417) 459-2155
Source:
Exprealty
Added: Jul 30
Changed: Aug 8
Last Checked: Aug 10 at 9:07AM
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
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 = 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
$45,449
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
7.59%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
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?
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
