4340 Ericson Dr, Colorado Springs, CO 80906
Four-unit, one-level apartment building in Stratmoor Hills submarket.
- Added:
- Nov 21, 2025
- Days on Market:
- 227
- Last Refresh:
- May 19 at 8:48 pm
Property Features for 4340 Ericson Dr
General Information
- Standard status
- Active
- Size
- 2,880 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1969
Listing office Pinnacle Real Estate Advisors (928) 533-4581
Listing date Nov 21, 2025
Source Pinnaclerea
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 Pinnacle Real Estate Advisors
HighLights
- Four‑unit apartment building
- One‑level apartments
- Located in Stratmoor Hills Submarket
- Built in 1969
Overview
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 | $57.0k | $19.80 |
| − Vacancy | −$2.6k | −$0.89 |
| EGI | $54.5k | $18.91 |
| − OpEx | −$16.3k | −$5.67 |
| NOI | $38.1k | $13.24 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.795
- Latitude
- 38.7682
