Renovated
416-422 N 28th St, Colorado Springs, CO 80904
For Sale
New
Contact for pricing
All four residences have two bedrooms, updated kitchens and bathrooms, and refinished hardwood flooring.
Property SizeContact for details
Days on Market6
Property Features for 416-422 N 28th St
General Information
Standard status
Property subtype
Occupancy
Financials
Asking Price
Cap Rate
Average Monthly Rent
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Listing Agency:
Marcus & Millichap - Denver
Listed By:
Jason Hornik · License CO FA.100070708
(303) 328-2064
Source:
Crexi
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 10 at 2:30PM
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 Marcus & Millichap - Denver
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Investment Insights
Based on property information with market context.
This four-unit residential property at 416-422 N 28th St has been renovated and is fully leased. Each apartment contains two bedrooms, with refreshed kitchens and bathrooms and refinished hardwood floors. Property improvements also include a newer roof, stucco exterior, landscaping, and upgraded insulation.
The property is in Colorado Springs’ Old Colorado City neighborhood, with Garden of the Gods, Manitou Springs, and downtown Colorado Springs among the nearby destinations. Its four-unit configuration allows conventional 30-year residential financing. The in-place cap rate is 7.01%.
The property is in Colorado Springs’ Old Colorado City neighborhood, with Garden of the Gods, Manitou Springs, and downtown Colorado Springs among the nearby destinations. Its four-unit configuration allows conventional 30-year residential financing. The in-place cap rate is 7.01%.
Key Highlights
- Four two‑bedroom apartments; all units are leased
- Renovated kitchens and bathrooms with refinished hardwood floors
- Improvements include a newer roof, stucco exterior, landscaping, and upgraded insulation
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,071
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
$413,400
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Colorado Springs, CO
Properties on Market for Quadplexes in Colorado Springs
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences have two bedrooms, updated kitchens and bathrooms, and refinished hardwood flooring.
Where is this quadplex located?
The property is located at 416-422 N 28th St Colorado Springs, CO.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four two‑bedroom apartments; all units are leased; Renovated kitchens and bathrooms with refinished hardwood floors; Improvements include a newer roof, stucco exterior, landscaping, and upgraded insulation
