Multifamily Estate with Indoor
4225 Walker Vista Heights Colorado Springs, CO 80908
For Sale
$2,500,000
MULTI_FAMILY - Colorado Springs, CO
Property Size6,003 SF
Lot Size9.96 Acres
Price / SF$416.46
Days on Market15
Property Features for 4225 Walker Vista Heights
General Information
Property type
Residential Multi Family
Property subtype
Other
Fireplace
1
Standard status
Active
Lot size
9.96 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
4566
Utilities
Heating system
Baseboard, Propane (Heating), Radiant
Cooling system
Ceiling Fan(s)
Building Details
Year built
1982
Roof type
Shingle
Listing Agency:
The Cutting Edge
(719) 999-5067
Listed By:
Amy Kunce-Martinez
(719) 661-1199
Added: Jul 13
Last Checked: Jul 27 at 12:06PM
MLS# 5379475
Copyright © 2026 elevateMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily estate consists of two lots combined into a 9.96-acre ranch. The residence is offered fully furnished and includes a gourmet kitchen, open-concept living spaces, vaulted ceilings, and multiple bedrooms designed for guest comfort. A private 44-foot indoor heated lap pool and an outdoor hot tub are included for year-round use.
The property also features an 11,976-square-foot barn that has a 78-by-58-foot indoor riding arena, eight stables with heat, tack rooms, office space, a feed room, and a caretaker residence with three bedrooms. Additional covered outdoor storage totaling nearly 2,000 square feet is available. The outside property is zoned for horses, and the barn has not been used by the current owner.
Located at 4225 Walker Vista Heights in Colorado Springs, the listing notes a strong near-decade rental history on VRBO. The remarks indicate the adjacent lot was purchased and combined with the county, and that future subdivision may be possible to create two legal lots.
The property also features an 11,976-square-foot barn that has a 78-by-58-foot indoor riding arena, eight stables with heat, tack rooms, office space, a feed room, and a caretaker residence with three bedrooms. Additional covered outdoor storage totaling nearly 2,000 square feet is available. The outside property is zoned for horses, and the barn has not been used by the current owner.
Located at 4225 Walker Vista Heights in Colorado Springs, the listing notes a strong near-decade rental history on VRBO. The remarks indicate the adjacent lot was purchased and combined with the county, and that future subdivision may be possible to create two legal lots.
Key Highlights
- 9.96‑acre ranch estate with two lots combined; fully furnished 6,003 SF home built in 1982
- Private 44 ft indoor heated lap pool plus outdoor hot tub
- 11,976 SF barn with 78' x 58' indoor riding arena and 8 stables with heat
Financial Insights For Apartment 5plus
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 | $139.7k | $23.28 |
| − Vacancy | −$7.3k | −$1.21 |
| EGI | $132.5k | $22.07 |
| − OpEx | −$59.6k | −$9.93 |
| NOI | $72.9k | $12.14 |
6,003 SF · lease $23.28/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$910.8K – $1.21M
NOI $72,866 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.38M
NOI $82,985 @ 7.0% cap · market cap 3.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Short term rental property - Estate offers a private indoor heated lap pool and an on-site barn with indoor riding arena and stables.
Where is this short term rental property located?
The property is located at 4225 Walker Vista Heights Colorado Springs, CO.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 9.96‑acre ranch estate with two lots combined; fully furnished 6,003 SF home built in 1982; Private 44 ft indoor heated lap pool plus outdoor hot tub; 11,976 SF barn with 78' x 58' indoor riding arena and 8 stables with heat
