Single-Story Duplex with Separate
364 S Greensboro Colorado Springs, CO 80906
For Sale
$325,000
Two single-story units feature individually metered gas and electric service with separate mechanical systems.
Property Size1,536 SF
Price / SF$211.59
Days on Market164
Property Features for 364 S Greensboro
General Information
- Standard status
- Active
- Size
- 1,536 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1963
Listing Agency:
Cushman & Wakefield
(719) 238-9074
Listed By:
Nic Polaski · License #100099164
(719) 238-9074
Source:
Exitrealty
Added: Feb 10
Changed: Jul 23
Last Checked: Jul 24 at 8:24AM
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
Investment Insights
Based on property information with market context.
This duplex offers two single-story units designed with separate, individually metered gas and electric utilities. Each unit also has its own mechanical systems, providing a split setup for day-to-day operations. The property is described as having below-market in-place rents, creating potential for improvement through renovation and lease repositioning.
Located at 364 S Greensboro in Colorado Springs, the property is presented as being just minutes from Fort Carson, an employment hub for the area.
As a residential income property with two self-contained units, the duplex configuration may appeal to investors looking for a straightforward, owner-managed multifamily layout with utility and mechanical separation between units.
Located at 364 S Greensboro in Colorado Springs, the property is presented as being just minutes from Fort Carson, an employment hub for the area.
As a residential income property with two self-contained units, the duplex configuration may appeal to investors looking for a straightforward, owner-managed multifamily layout with utility and mechanical separation between units.
Key Highlights
- Duplex built in 1963 with two single‑story units
- Each unit has individually metered gas and electric service
- Separate mechanical systems for each unit
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 | $30.4k | $19.80 |
| − Vacancy | −$1.4k | −$0.89 |
| EGI | $29.0k | $18.91 |
| − OpEx | −$8.7k | −$5.67 |
| NOI | $20.3k | $13.24 |
1,536 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$290.4K
$254.1K – $338.9K
NOI $20,331 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$269.2K
$235.5K – $314.0K
NOI $18,841 @ 7.0% cap · market cap 5.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two single-story units feature individually metered gas and electric service with separate mechanical systems.
Where is this duplex located?
The property is located at 364 S Greensboro Colorado Springs, CO.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Duplex built in 1963 with two single‑story units; Each unit has individually metered gas and electric service; Separate mechanical systems for each unit
