Duplex Near Fort
For Sale
Contact for pricing
366 Greensboro S, Colorado Springs, CO 80906
Duplex near Fort Carson with value-add opportunity.
Property Size1,536 SF
Price / SF$211.59
Days on Market241
Property Features for 366 Greensboro S
General Information
Standard status
Active
Size
1,536 SF
Class
C
Property subtype
Multifamily
Occupancy
50%
Investment Type
Value Add
Building Details
Year Built
1963
Buildings
1
Stories
1
Units
2
Listing Agency:
Cushman & Wakefield - Denver, Colorado
Listed By:
Lee Wagner · License #CO 100084704
(417) 459-2155
Source:
Crexi
Added: Feb 17
Changed: Oct 6
Last Checked: Oct 16 at 7:48AM
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
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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 duplex offers an investment opportunity near Fort Carson. The property is designed as single-story units, offering a layout that appeals to a wide range of tenants while minimizing long-term maintenance. Each unit features individually metered gas and electric along with separate mechanical systems, providing operational efficiency and cost control. The property offers an immediate value-add opportunity through strategic renovations and lease repositioning, allowing investors to unlock substantial upside while benefiting from stable occupancy. The property size is 1536 square feet.
Key Highlights
- Prime location minutes from Fort Carson, ensuring high rental demand.
- Immediate value‑add opportunity through rent increases and renovations.
- Single‑story units offer accessible layouts and reduced maintenance.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,331
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,620
$406.6K
Cap Rate 7%
$290,443
$290.4K
Cap Rate 9%
$225,900
$225.9K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$30.4K $19.80/SF
− Vacancy
−$1.4K −$0.89/SF
EGI
$29.0K $18.91/SF
− OpEx
−$8.7K −$5.67/SF
NOI
$20.3K $13.24/SF
Area
ZIP 80906
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,620
Cap Rate 7%
$290,443
Cap Rate 9%
$225,900
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
Explore this area
Business Placement
Demographics for 80906, CO
39,019
Population
16,771
Households
2.3
Avg Household Size
39
Median Age
49%
College-Educated
95%
High-School Grad
45.6 sq mi
ZIP Area
856
Density / Sq Mi
$88,047
Median Household Income
$47,314
Median Earnings
$1,634
Median Rent
$543,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex near Fort Carson with value-add opportunity.
Where is this duplex located?
The property is located at 366 Greensboro S 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: Prime location minutes from Fort Carson, ensuring high rental demand.; Immediate value‑add opportunity through rent increases and renovations.; Single‑story units offer accessible layouts and reduced maintenance.
