Historic Furnished
For Sale
$725,000
2828 W Kiowa Street, Colorado Springs, CO 80904
Two remodeled units retain Victorian character with furnished interiors, outdoor space, and R4 zoning.
Property Size1,908 SF
Price / SF$379.98
Days on Market127
Property Features for 2828 W Kiowa Street
General Information
Standard status
Active
Size
1,908 SF
Property subtype
Multi Family
Zoning
R4
Occupancy
100%
Additional Details
Gross Income
$59,340
Amenities
fully furnished
patio/deck
Building Details
Year Built
1898
Tenancy
Multi
Listing Agency:
Keller Williams Clients Choice Realty
(719) 660-4240
Listed By:
Bryan Bacher · License #40035826
(719) 660-4240
Source:
Exitrealty
Added: Mar 27
Changed: Jul 31
Last Checked: Jul 31 at 1:13PM
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
Investment Insights
Based on property information with market context.
Built in 1898, this Victorian duplex combines historic character with updated interiors across two furnished units. Each unit features a thoughtfully designed 2-bedroom layout, remodeled kitchens and baths, and inviting outdoor space with either a patio or deck. The property sits on a double lot and has two tenants already in place.
Located in the heart of Old Colorado City, the duplex is two blocks from shops, restaurants, and the surrounding commercial activity. R4 zoning supports the property’s existing duplex configuration and offers flexibility for future planning. The furnished setup is suited to mid-term rental use, while the preserved architectural character and modern updates create a distinctive residential income property.
Located in the heart of Old Colorado City, the duplex is two blocks from shops, restaurants, and the surrounding commercial activity. R4 zoning supports the property’s existing duplex configuration and offers flexibility for future planning. The furnished setup is suited to mid-term rental use, while the preserved architectural character and modern updates create a distinctive residential income property.
Key Highlights
- Victorian duplex built in 1898
- Located on a rare double lot
- Two furnished units with 2‑bedroom layouts
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.8k | $19.80 |
| − Vacancy | −$2.1k | −$1.09 |
| EGI | $35.7k | $18.71 |
| − OpEx | −$10.7k | −$5.61 |
| NOI | $25.0k | $13.10 |
1,908 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$357.0K
$312.4K – $416.5K
NOI $24,990 @ 7.0% cap · market cap 3.45%
Second Best
Apartment 5plus
$330.9K
$289.5K – $386.0K
NOI $23,160 @ 7.0% cap · market cap 3.19%
Theoretical Best
Specialty Retail
$376.8K
$329.7K – $439.6K
NOI $26,376 @ 7.0% cap · market cap 3.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,198
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two remodeled units retain Victorian character with furnished interiors, outdoor space, and R4 zoning.
Where is this duplex located?
The property is located at 2828 W Kiowa Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Victorian duplex built in 1898; Located on a rare double lot; Two furnished units with 2‑bedroom layouts
