4-Unit Multifamily
New
For Sale
$650,000
4390 Loomis Avenue, Colorado Springs, CO 80906
Residential Income, Colorado Springs, CO
Property Size3,908 SF
Lot Size0.22 Acres
Price / SF$166.33
Days on Market2
Property Features for 4390 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
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3320
Utilities
Heating system
Natural Gas, Baseboard, Hot Water(Heating)
Cooling system
Wall Unit(s)
Amenities
on-site parking
fenced outdoor areas
Front Range views
separately metered electricity
Building Details
Year built
1972
Roof type
Shingle
Listing Agency:
Exp Realty LLC
(888) 440-2724
Listed By:
Aimee Fletcher CLHMS GRI · License #100039105
(719) 425-4114
Added: Oct 15
Last Checked: Oct 16 at 10:06AM
MLS# 4857169
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 3,908 square feet on a 0.2204-acre lot and was built in 1972. Building systems include natural gas, baseboard and hot-water heating, wall-unit cooling, and a shingle roof. Electricity is separately metered, and city sewer serves the property. Fenced outdoor areas are available to the lower units, and the property has on-site parking.
The property is in Colorado Springs, with access to I-25 and Highway 115. Fort Carson, Downtown Colorado Springs, shopping, dining, and employment corridors are also identified as nearby destinations. Front Range views are noted.
The property is in Colorado Springs, with access to I-25 and Highway 115. Fort Carson, Downtown Colorado Springs, shopping, dining, and employment corridors are also identified as nearby destinations. Front Range views are noted.
Key Highlights
- Four residential units in a 3,908‑square‑foot multifamily property
- 0.2204‑acre lot in Colorado Springs
- Built in 1972
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
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Current Use
Lease Details
4
Residential units
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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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 - Four residences offer a shared property configuration with separate electric metering and on-site parking.
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 a 3,908‑square‑foot multifamily property; 0.2204‑acre lot in Colorado Springs; Built in 1972
