Two-Bedroom Multifamily
For Sale
Contact for pricing
329 E Dale St Unit 1, Colorado Springs, CO 80903
Updated interior paint and proximity to Downtown and Colorado College add practical appeal to this residential income property.
Property Size950 SF
Price / SF$1.08
Days on Market82
Property Features for 329 E Dale St Unit 1
General Information
Standard status
Active
Size
950 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Building Details
Year Built
1899
Listing Agency:
Citadel Realty LLC
Listed By:
Melanie Weseman · License #230009423
Source:
Hudsonstonegateteam
Added: Jul 29
Changed: Oct 13
Last Checked: Oct 16 at 2:10PM
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 Citadel Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property includes a two-bedroom, one-bathroom unit with approximately 950 square feet of living area. The interior has newer paint, providing a refreshed finish within a residence originally built in 1899.
The property is located at 329 E Dale St Unit 1 in Colorado Springs, near Downtown and Colorado College. The tenant is responsible for 21% of the house’s electric, gas, water, and sewer costs, along with a separate trash charge.
The property is located at 329 E Dale St Unit 1 in Colorado Springs, near Downtown and Colorado College. The tenant is responsible for 21% of the house’s electric, gas, water, and sewer costs, along with a separate trash charge.
Key Highlights
- Two‑bedroom, one‑bathroom unit
- Approximately 950 square feet
- Newer interior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,531
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,620
$230.6K
Cap Rate 7%
$164,729
$164.7K
Cap Rate 9%
$128,122
$128.1K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$22.1K $23.28/SF
− Vacancy
−$1.2K −$1.21/SF
EGI
$21.0K $22.07/SF
− OpEx
−$9.4K −$9.93/SF
NOI
$11.5K $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%
$230,620
Cap Rate 7%
$164,729
Cap Rate 9%
$128,122
Alternative Uses
Best Use
Apartment 5plus
$164.7K
$144.1K – $192.2K
NOI $11,531 @ 7.0% cap · market cap 1,124.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$187.6K
$164.2K – $218.9K
NOI $13,133 @ 7.0% cap · market cap 1,281.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,250
Businesses Nearby
Explore this area
Business Placement
Demographics for 80903, CO
15,944
Population
8,340
Households
1.9
Avg Household Size
34
Median Age
39%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$59,292
Median Household Income
$35,251
Median Earnings
$1,221
Median Rent
$420,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Updated interior paint and proximity to Downtown and Colorado College add practical appeal to this residential income property.
Where is this multifamily property located?
The property is located at 329 E Dale St Unit 1 Colorado Springs, CO.
What are key features of this property?
This property features: Two‑bedroom, one‑bathroom unit; Approximately 950 square feet; Newer interior paint
