Studio Apartment with Shared
For Sale
Contact for pricing
3737 Red Canon Ave, Colorado Springs, CO 80904
The compact residence includes kitchen appliances, air conditioning, and access to on-site laundry facilities shared with other residents.
Property Size350 SF
Price / SF$2.50
Days on Market15
Property Features for 3737 Red Canon Ave
General Information
Standard status
Active
Size
350 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x studio/1BA
Multifamily Units
1
Amenities
shared on-site laundry
air conditioning
refrigerator
stove/oven
microwave
dishwasher
garbage disposal
Building Details
Year Built
1955
Listing Agency:
The Springs Team Real Estate Company
Listed By:
Brett Weldon CMLXV MRP
(719) 481-1000
Source:
Hudsonstonegateteam
Added: Oct 1
Changed: Oct 12
Last Checked: Oct 7 at 12:59PM
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 The Springs Team Real Estate Company
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Investment Insights
Based on property information with market context.
This 350-square-foot studio has an open layout combining living and sleeping space, plus one bathroom and a functional kitchen. Included appliances are a refrigerator, stove/oven, microwave, dishwasher, and garbage disposal. Air conditioning and shared on-site laundry are also provided. The property was built in 1955.
The address is 3737 Red Canon Ave in Colorado Springs. Shopping, dining, parks, and outdoor attractions are accessible from the west-side location.
The address is 3737 Red Canon Ave in Colorado Springs. Shopping, dining, parks, and outdoor attractions are accessible from the west-side location.
Key Highlights
- 350‑square‑foot studio with one bathroom
- Open‑concept layout with combined living and sleeping area
- Kitchen includes refrigerator, stove/oven, microwave, dishwasher, and garbage disposal
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,248
Suggested Prices Based on Cap Rates
Cap Rate 5%
$84,960
$85.0K
Cap Rate 7%
$60,686
$60.7K
Cap Rate 9%
$47,200
$47.2K
Market Conditions
NOI Build-Up for 350 SF
Gross rent
$8.1K $23.28/SF
− Vacancy
−$424 −$1.21/SF
EGI
$7.7K $22.07/SF
− OpEx
−$3.5K −$9.93/SF
NOI
$4.2K $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%
$84,960
Cap Rate 7%
$60,686
Cap Rate 9%
$47,200
Alternative Uses
Best Use
Apartment 5plus
$60.7K
$53.1K – $70.8K
NOI $4,248 @ 7.0% cap · market cap 485.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$69.1K
$60.5K – $80.6K
NOI $4,838 @ 7.0% cap · market cap 552.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
Explore this area
Business Placement
Demographics for 80904, CO
20,986
Population
11,578
Households
1.8
Avg Household Size
47
Median Age
45%
College-Educated
96%
High-School Grad
11.2 sq mi
ZIP Area
1,874
Density / Sq Mi
$69,566
Median Household Income
$44,494
Median Earnings
$1,417
Median Rent
$413,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The compact residence includes kitchen appliances, air conditioning, and access to on-site laundry facilities shared with other residents.
Where is this residential income property located?
The property is located at 3737 Red Canon Ave Colorado Springs, CO.
What are key features of this property?
This property features: 350‑square‑foot studio with one bathroom; Open‑concept layout with combined living and sleeping area; Kitchen includes refrigerator, stove/oven, microwave, dishwasher, and garbage disposal
