Four-Unit Multifamily
423 N 30th Colorado Springs, CO 80904
New
423 N 30th, Colorado Springs, CO, 80904
$730,000
For Sale
$730,000
Four-unit multifamily building constructed in 1951 with four two-bedroom units in Colorado Springs.
Property Size2,999 SF
Price / SF$243.41
Days on Market3
Property Features for 423 N 30th
General Information
- Standard status
- Active
- Size
- 2,999 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1951
Listing agency
Cushman & Wakefield - Denver, Colorado
(719) 238-9074
Listed by
Nic Polaski · License #100084704
(719) 238-9074
Source
Elliman
Added: Jul 21 Updated: Jul 22 at 9:19PM Checked: Jul 22 at 9:19PM
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
Investment Insights
Based on property information with market context.
423 N 30th Street is a four-unit multifamily property constructed in 1951. The building contains four spacious two-bedroom units, offering a straightforward residential income configuration for an owner seeking consistent, occupied rental housing.
The property is positioned on the west side of Colorado Springs, just minutes from the historic Old Colorado City corridor and major outdoor recreation amenities. It is roughly one and a half miles from Garden of the Gods and also provides convenient access to downtown.
With a total building size of approximately 2,999 square feet, this asset presents a simple four-unit layout with all units described as two-bedroom homes. BikeScore is 56 (Bikeable) and walkScore is 87 (Very Walkable), while transitScore is 32 (Some Transit), supporting everyday accessibility for residents.
The property is positioned on the west side of Colorado Springs, just minutes from the historic Old Colorado City corridor and major outdoor recreation amenities. It is roughly one and a half miles from Garden of the Gods and also provides convenient access to downtown.
With a total building size of approximately 2,999 square feet, this asset presents a simple four-unit layout with all units described as two-bedroom homes. BikeScore is 56 (Bikeable) and walkScore is 87 (Very Walkable), while transitScore is 32 (Some Transit), supporting everyday accessibility for residents.
Key Highlights
- Four‑unit multifamily building constructed in 1951
- Approximately 2,999 SF building with four two‑bedroom units
- BikeScore 56 (bikeable) and walkScore 87 (very walkable)
Local 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 | $59.4k | $19.80 |
| − Vacancy | −$3.3k | −$1.09 |
| EGI | $56.1k | $18.71 |
| − OpEx | −$16.8k | −$5.61 |
| NOI | $39.3k | $13.10 |
2,999 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$561.1K
$491.0K – $654.7K
NOI $39,280 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$520.0K
$455.0K – $606.7K
NOI $36,402 @ 7.0% cap · market cap 4.99%
Theoretical Best
Specialty Retail
$592.3K
$518.2K – $691.0K
NOI $41,458 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit multifamily building constructed in 1951 with four two-bedroom units in Colorado Springs.
Where is this quadplex located?
The property is located at 423 N 30th Colorado Springs, CO.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Four‑unit multifamily building constructed in 1951; Approximately 2,999 SF building with four two‑bedroom units; BikeScore 56 (bikeable) and walkScore 87 (very walkable)
