4-Unit
New
For Sale
$675,000
4250 Loomis Avenue, Colorado Springs, CO 80906
Residential Income, Colorado Springs, CO
Property Size3,891 SF
Lot Size0.26 Acres
Price / SF$173.48
Days on Market3
Property Features for 4250 Loomis Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Elementary school district
Harrison-2
Middle school district
Harrison-2
High school district
Harrison-2
Standard status
Active
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3315
Utilities
Heating system
Hot Water(Heating), Natural Gas, Baseboard
Cooling system
Wall Unit(s), Ceiling Fan(s)
Amenities
on-site parking
fenced outdoor areas
coin-op laundry
Building Details
Year built
1971
Roof type
Shingle
Listing Agency:
Exp Realty LLC
(888) 440-2724
Listed By:
Aimee Fletcher CLHMS GRI · License #100039105
(719) 425-4114
Added: Oct 28
Last Checked: Oct 30 at 2:06AM
MLS# 9480670
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.
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Investment Insights
Based on property information with market context.
This four-unit multifamily property contains 3,891 square feet and was built in 1971. Three units are occupied, while the fourth is vacant. Interior updates, coin-operated laundry, and fenced outdoor areas are among the property’s features. Heating is provided by natural gas hot-water baseboard systems; cooling includes wall units and ceiling fans. The shingle roof completes the building’s reported physical details.
The 0.256-acre parcel includes on-site parking. Connections to I-25 and Highway 115 provide access to Fort Carson, downtown Colorado Springs, shopping, dining, and employment corridors.
The 0.256-acre parcel includes on-site parking. Connections to I-25 and Highway 115 provide access to Fort Carson, downtown Colorado Springs, shopping, dining, and employment corridors.
Key Highlights
- Four residential units totaling 3,891 square feet
- Three occupied units and one vacant unit
- Coin‑operated laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,502
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,030,040
$1.0M
Cap Rate 7%
$735,743
$735.7K
Cap Rate 9%
$572,244
$572.2K
Market Conditions
NOI Build-Up for 3,891 SF
Gross rent
$77.0K $19.80/SF
− Vacancy
−$3.5K −$0.89/SF
EGI
$73.6K $18.91/SF
− OpEx
−$22.1K −$5.67/SF
NOI
$51.5K $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%
$1,030,040
Cap Rate 7%
$735,743
Cap Rate 9%
$572,244
Alternative Uses
Best Use
Multifamily LT 5
$735.7K
$643.8K – $858.4K
NOI $51,502 @ 7.0% cap · market cap 7.63%
Second Best
Apartment 5plus
$681.8K
$596.6K – $795.5K
NOI $47,728 @ 7.0% cap · market cap 7.07%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
225
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Three residences are occupied, with one vacant unit; coin-operated laundry provides an additional income-producing feature.
Where is this quadplex located?
The property is located at 4250 Loomis Avenue 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 residential units totaling 3,891 square feet; Three occupied units and one vacant unit; Coin‑operated laundry
