4-Unit Quadplex with Coin-Operated
New
For Sale
$675,000
4250 Loomis Ave, Colorado Springs, CO 80906
Three residences are occupied, while the fourth is vacant and ready for a new tenant.
Property Size3,891 SF
Price / SF$173.48
Days on Market4
Property Features for 4250 Loomis Ave
General Information
Standard status
Active
Size
3,891 SF
Property subtype
Residential Income
Occupancy
75%
Site & Location
Neighborhood
Quail Lake
Highway Access
Yes
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,315
Amenities
on-site parking
fenced outdoor areas
coin op laundry
Listing Agency:
eXp Realty, LLC
(888) 440-2724
Listed By:
Aimee Fletcher · License #100039105
(719) 425-3835
Source:
Exprealty
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 2:20PM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
This 3,891-square-foot quadplex contains four residences, with three currently occupied and one vacant for a new tenant. Interior updates, fenced outdoor areas, and on-site parking are among the property’s features. Coin-operated laundry provides an additional source of income potential.
The property has connections to I-25 and Highway 115, with access to Fort Carson, Downtown Colorado Springs, shopping, dining, and major employment corridors. These routes link the south side of Colorado Springs with central areas of the city.
The property has connections to I-25 and Highway 115, with access to Fort Carson, Downtown Colorado Springs, shopping, dining, and major employment corridors. These routes link the south side of Colorado Springs with central areas of the city.
Key Highlights
- Four units totaling 3,891 square feet
- Three units occupied; one vacant and ready for a tenant
- Updated interiors, fenced outdoor areas, and on‑site parking
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
75%
Occupancy
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Three residences are occupied, while the fourth is vacant and ready for a new tenant.
Where is this quadplex located?
The property is located at 4250 Loomis Ave 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 units totaling 3,891 square feet; Three units occupied; one vacant and ready for a tenant; Updated interiors, fenced outdoor areas, and on‑site parking
