4-Unit Multifamily
New
For Sale
$650,000
Pending
4390 Loomis Avenue, Colorado Springs, CO 80906
Updated interiors, fenced outdoor areas for lower-level residences, and separately metered electricity add functional variety across the property.
Property Size3,908 SF
Days on Market6
Property Features for 4390 Loomis Avenue
General Information
Standard status
Pending
Size
3,908 SF
Property subtype
Fourplex
Site & Location
Neighborhood
Quail Lake
Highway Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,320
Building Details
Year Built
1972
Buildings
1
Tenancy
Multi
Listing Agency:
Exp Realty LLC
Listed By:
Aimee Fletcher CLHMS GRI
(888) 440-2724
Source:
Curtisryanrealestate
Added: Oct 21
Changed: Oct 26
Last Checked: Oct 26 at 1:44PM
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 3,908-square-foot multifamily property contains four residences, with updated interiors and fenced outdoor areas serving the lower units. The building was constructed in 1972. Electricity is separately metered, and the property is served by city sewer and natural gas.
The property is at 4390 Loomis Avenue in Colorado Springs, with access to I-25 and Highway 115. Fort Carson, Downtown Colorado Springs, shopping, dining, and major employment corridors are also identified among nearby destinations.
The property is at 4390 Loomis Avenue in Colorado Springs, with access to I-25 and Highway 115. Fort Carson, Downtown Colorado Springs, shopping, dining, and major employment corridors are also identified among nearby destinations.
Key Highlights
- Four residential units in one multifamily property
- 3,908 square feet; built in 1972
- Updated interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,727
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,034,540
$1.0M
Cap Rate 7%
$738,957
$739.0K
Cap Rate 9%
$574,744
$574.7K
Market Conditions
NOI Build-Up for 3,908 SF
Gross rent
$77.4K $19.80/SF
− Vacancy
−$3.5K −$0.89/SF
EGI
$73.9K $18.91/SF
− OpEx
−$22.2K −$5.67/SF
NOI
$51.7K $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%
$1,034,540
Cap Rate 7%
$738,957
Cap Rate 9%
$574,744
Alternative Uses
Best Use
Multifamily LT 5
$739.0K
$646.6K – $862.1K
NOI $51,727 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$684.8K
$599.2K – $798.9K
NOI $47,936 @ 7.0% cap · market cap 7.37%
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
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
206
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Updated interiors, fenced outdoor areas for lower-level residences, and separately metered electricity add functional variety across the property.
Where is this quadplex located?
The property is located at 4390 Loomis Avenue Colorado Springs, CO.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four residential units in one multifamily property; 3,908 square feet; built in 1972; Updated interiors
