Updated Ranch-Style
For Sale
Contact for pricing
282 Crestone Ave, Colorado Springs, CO 80905
Single-level layout includes laundry hookups, storage, and a fenced yard.
Property Size845 SF
Price / SF$2.01
Days on Market51
Property Features for 282 Crestone Ave
General Information
Standard status
Active
Size
845 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Ivywild
Additional Details
Multifamily Units
2
Amenities
washer and dryer hook-ups
storage shed
off street parking
fenced yard
automatic sprinkler system
Building Details
Year Built
1955
Buildings
1
Stories
1
Construction
Ranch
Listing Agency:
ERA Shields Real Estate
Listed By:
Donna Hilderbrand CRS
Source:
Hudsonstonegateteam
Added: Sep 10
Changed: Oct 26
Last Checked: Oct 7 at 5:15PM
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 ERA Shields Real Estate
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Investment Insights
Based on property information with market context.
This updated duplex at 282 Crestone Ave offers a single-level ranch-style layout with practical residential features. The property includes entry and linen closets, washer and dryer hookups, a storage shed, off-street parking, and a fenced yard with an automatic sprinkler system. The building dates to 1955.
The property is located in Colorado Springs within District 12 and the Cheyenne Mountain School District. Fort Carson, shopping, dining, and Cheyenne Mountain Zoo are identified as nearby destinations, providing access to employment, services, and recreation. Its combination of a one-level configuration, outdoor storage, parking, and fenced yard supports straightforward residential use.
The property is located in Colorado Springs within District 12 and the Cheyenne Mountain School District. Fort Carson, shopping, dining, and Cheyenne Mountain Zoo are identified as nearby destinations, providing access to employment, services, and recreation. Its combination of a one-level configuration, outdoor storage, parking, and fenced yard supports straightforward residential use.
Key Highlights
- Duplex property at 282 Crestone Ave, Colorado Springs, CO 80905
- Single‑level ranch‑style configuration
- Washer and dryer hookups, entry closet, and linen closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,257
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,140
$205.1K
Cap Rate 7%
$146,529
$146.5K
Cap Rate 9%
$113,967
$114.0K
Market Conditions
NOI Build-Up for 845 SF
Gross rent
$19.7K $23.28/SF
− Vacancy
−$1.0K −$1.21/SF
EGI
$18.6K $22.07/SF
− OpEx
−$8.4K −$9.93/SF
NOI
$10.3K $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 Rate 5%
$205,140
Cap Rate 7%
$146,529
Cap Rate 9%
$113,967
Alternative Uses
Best Use
Apartment 5plus
$146.5K
$128.2K – $171.0K
NOI $10,257 @ 7.0% cap · market cap 603.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$166.9K
$146.0K – $194.7K
NOI $11,681 @ 7.0% cap · market cap 687.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
Explore this area
Business Placement
Demographics for 80905, CO
17,592
Population
8,933
Households
2
Avg Household Size
38
Median Age
39%
College-Educated
92%
High-School Grad
5.1 sq mi
ZIP Area
3,449
Density / Sq Mi
$64,496
Median Household Income
$40,876
Median Earnings
$1,449
Median Rent
$349,500
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Single-level layout includes laundry hookups, storage, and a fenced yard.
Where is this residential income property located?
The property is located at 282 Crestone Ave Colorado Springs, CO.
What are key features of this property?
This property features: Duplex property at 282 Crestone Ave, Colorado Springs, CO 80905; Single‑level ranch‑style configuration; Washer and dryer hookups, entry closet, and linen closet
