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Updated Four-Unit Multifamily Property
For Sale
$849,000

2809 King St, Colorado Springs, CO 80904

Three units are leased long term, while one operates as an Airbnb.

Property SizeContact for details
Days on Market8

Property Features for 2809 King St

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 2 x 2BR/1BA, 2 x 3BR/2BA
Multifamily Units 4

Amenities

balcony/patio
fireplaces

Building Details

Year Built 1983
Tenancy Multi
Listed By: Area Specialist
Source: Ashfordrealtygroup
Added: Aug 28 Changed: Aug 30 Last Checked: Sep 4 at 5:46AM

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 Area Specialist

Investment Insights

Based on property information with market context.

Built in 1983, this four-unit multifamily property combines two 2-bedroom/1-bath residences with two 3-bedroom/2-bath residences. Current operations include three long-term tenants and one unit used as an Airbnb, providing both rental formats within the same asset. Individual units feature a balcony or patio, tile bathrooms, and fireplaces.

Property updates include a new roof, exterior paint, gutters, and updated flooring. Parking consists of seven paved spaces, with additional parking on the south dirt area. The property is located at 2809 King St in Colorado Springs, near Garden of the Gods, Old Colorado City, downtown, and major commuter routes.

Key Highlights

  • Four‑unit multifamily property built in 1983
  • Unit mix includes two 2‑bedroom/1‑bath units and two 3‑bedroom/2‑bath units
  • Three long‑term tenants plus one unit operating as an Airbnb

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Law Firm Dental Office Daycare Center Catering Service (Bike/Boat/Book/etc) Store Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

599
Businesses Nearby

Demographics for 80904, CO

20,986
Population
11,578
Households
1.8
Avg Household Size
47
Median Age
45%
College-Educated
96%
High-School Grad
11.2 sq mi
ZIP Area
1,874
Density / Sq Mi
$69,566
Median Household Income
$44,494
Median Earnings
$1,417
Median Rent
$413,400
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Three units are leased long term, while one operates as an Airbnb.
Where is this multifamily property located?
The property is located at 2809 King St Colorado Springs, CO.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Four‑unit multifamily property built in 1983; Unit mix includes two 2‑bedroom/1‑bath units and two 3‑bedroom/2‑bath units; Three long‑term tenants plus one unit operating as an Airbnb
More about this property
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