Value-Add Multifamily Investment
3349 E Fountain Blvd, Colorado Springs, CO 80910
49-unit multifamily community with strong rent upside in Colorado Springs.
Type:Multifamily
- Added:
- Mar 16, 2026
- Days on Market:
- 67
- Last Refresh:
- Mar 19 at 11:21 pm
Property Features for 3349 E Fountain Blvd
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1971
Listing agent Willy Holliday License #CO 100098089
Listing office CBRE - Denver Downtown
Listing date Mar 16, 2026
Source Crexi
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 CBRE - Denver Downtown
HighLights
- Significant Rent Upside: Current rents are $139 below comparable properties.
- Extensive Recent Renovations: Substantial capital improvements completed since 2023, including unit interiors, electrical, structural, and new amenities.
- Strong Employment Hub Proximity: Located near major employment centers supporting consistent renter demand.
- Desirable Loft‑Style Units: Attractive mix of one- and two‑bedroom loft‑style floorplans with private balconies/patios.
- High Rental Demand Market: Colorado Springs experiences strong economic and population growth.
- New Fitness Center and Security System: Enhancements that improve tenant quality of life and property value.
Overview
The Lofts at Rock Vue presents an opportunity to acquire a 49-unit multifamily community in Colorado Springs. Constructed in 1971, the property has undergone upgrades since 2023, including unit interior renovations, electrical panel replacements, structural foundation improvements, a new boiler system, a new fitness center, security system installation, and exterior improvements. The property consists of 49 units across four buildings, featuring a mix of one-bedroom and two-bedroom loft-style floorplans averaging 781 square feet. The units have loft layouts and private balconies/patios. The property is located near the intersection of Academy Boulevard and Fountain Boulevard, providing access to the Aviation Corridor and Downtown Colorado Springs. The Aviation Corridor supports over 50,000 jobs, while Downtown Colorado Springs anchors more than 32,000 jobs. Current effective rents average approximately $1,002 per unit. Market comparisons indicate the property is charging roughly $139 below comparable rents. Colorado Springs is experiencing economic and population growth driven by defense, aerospace, healthcare, and technology employment. Residents at the property currently enjoy an estimated 70% cost savings compared to homeownership in the surrounding area.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.764128
- Latitude
- 38.8145762
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 49-unit multifamily community with strong rent upside in Colorado Springs.
Where is this apartment building located?
The property is located at 3349 E Fountain Blvd Colorado Springs, CO.
What are key features of this property?
This property features: Significant Rent Upside: Current rents are $139 below comparable properties.; Extensive Recent Renovations: Substantial capital improvements completed since 2023, including unit interiors, electrical, structural, and new amenities.; Strong Employment Hub Proximity: Located near major employment centers supporting consistent renter demand.
