Four-Unit Multifamily
340 Gahart Drive Colorado Springs, CO 80916
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340 Gahart Drive, Colorado Springs, CO, 80916
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For Sale
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Four-unit multifamily property with two 3BD/1BA and two 2BD/1BA apartments, with convenient access to major corridors.
Property Size3,672 SF
Price / SF$176.74
Days on Market5
Property Features for 340 Gahart Drive
General Information
- Standard status
- Active
- Size
- 3,672 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1972
Listing Agency
Cushman & Wakefield - Denver, Colorado
(417) 459-2155
Listed by
Lee Wagner · License #CO 100084704
Source
Crexi
Added: Jul 17 Updated: Jul 20 at 2:13 am Checked: Jul 20 at 2:13 am
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 Cushman & Wakefield - Denver, Colorado
Investment Insights
Based on property information with market context.
This four-unit multifamily building offers a straightforward rental mix: two apartments feature 3BD/1BA layouts and two apartments feature 2BD/1BA layouts. The smaller community size is designed for streamlined management while still providing diversified income across four rental units.
The property is positioned with convenient access to both the South Academy and Powers Blvd corridors, placing it within reach of major employment centers such as Amazon Distribution Warehouse, along with shopping, dining, schools, and recreational amenities.
Offered for sale as a standalone investment or as an addition to an existing portfolio, 340 Gahart Drive is presented as a well-located, income-producing multifamily asset in Colorado Springs.
The property is positioned with convenient access to both the South Academy and Powers Blvd corridors, placing it within reach of major employment centers such as Amazon Distribution Warehouse, along with shopping, dining, schools, and recreational amenities.
Offered for sale as a standalone investment or as an addition to an existing portfolio, 340 Gahart Drive is presented as a well-located, income-producing multifamily asset in Colorado Springs.
Key Highlights
- Four‑unit multifamily property built in 1972
- Unit mix: two 3BD/1BA apartments and two 2BD/1BA apartments
- Four rental units provide diversified income within a smaller apartment community
Local 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 | $66.5k | $18.12 |
| − Vacancy | −$7.5k | −$2.03 |
| EGI | $59.1k | $16.09 |
| − OpEx | −$17.7k | −$4.83 |
| NOI | $41.4k | $11.26 |
3,672 SF · lease $18.12/SF/yr · vacancy 11.21% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$590.8K
$516.9K – $689.3K
NOI $41,355 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$546.6K
$478.3K – $637.7K
NOI $38,262 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$852.8K
$746.2K – $994.9K
NOI $59,696 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit multifamily property with two 3BD/1BA and two 2BD/1BA apartments, with convenient access to major corridors.
Where is this quadplex located?
The property is located at 340 Gahart Drive Colorado Springs, CO.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Four‑unit multifamily property built in 1972; Unit mix: two 3BD/1BA apartments and two 2BD/1BA apartments; Four rental units provide diversified income within a smaller apartment community
