2-Bedroom Apartment with Fenced
For Sale
Contact for pricing
475 Glen View Ct, Colorado Springs, CO 80904
Renovated interiors include stainless steel kitchen appliances and an in-unit washer and dryer.
Property Size750 SF
Price / SF$1.99
Days on Market21
Property Features for 475 Glen View Ct
General Information
Standard status
Active
Size
750 SF
Property subtype
Multi-Family
Amenities
in-unit washer and dryer
private fenced yard
open green space
laminate flooring and carpet
brand-new stainless steel appliances
Building Details
Year Built
1951
Listing Agency:
Quantum Residential Group, LLC
Listed By:
Ashli Thompson CRS
(719) 433-3750
Source:
Hudsonstonegateteam
Added: Sep 26
Changed: Oct 14
Last Checked: Oct 7 at 4:14PM
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 Quantum Residential Group, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2-bedroom apartment offers 750 square feet of living space and was built in 1951. Recent renovation work includes laminate flooring, carpet, and stainless steel kitchen appliances. The unit also has its own fenced yard, an in-unit washer and dryer, and partial furnishings.
The property is near Old Colorado City, with parks, schools, and restaurants within walking distance. Garden of the Gods and Red Rocks Open Space are a short drive away.
The property is near Old Colorado City, with parks, schools, and restaurants within walking distance. Garden of the Gods and Red Rocks Open Space are a short drive away.
Key Highlights
- 750‑square‑foot, 2‑bedroom apartment
- Renovated interior with laminate flooring, carpet, and stainless steel kitchen appliances
- Private fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,104
Suggested Prices Based on Cap Rates
Cap Rate 5%
$182,080
$182.1K
Cap Rate 7%
$130,057
$130.1K
Cap Rate 9%
$101,156
$101.2K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$17.5K $23.28/SF
− Vacancy
−$908 −$1.21/SF
EGI
$16.6K $22.07/SF
− OpEx
−$7.4K −$9.93/SF
NOI
$9.1K $12.14/SF
Area
Colorado Springs, CO
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$182,080
Cap Rate 7%
$130,057
Cap Rate 9%
$101,156
Alternative Uses
Best Use
Apartment 5plus
$130.1K
$113.8K – $151.7K
NOI $9,104 @ 7.0% cap · market cap 608.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$148.1K
$129.6K – $172.8K
NOI $10,368 @ 7.0% cap · market cap 693.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,071
Businesses Nearby
Explore this area
Business Placement
Demographics for 80904, CO
20,986
Population
11,578
Households
1.8
Avg Household Size
47
Median Age
45%
College-Educated
96%
High-School Grad
11.2 sq mi
ZIP Area
1,874
Density / Sq Mi
$69,566
Median Household Income
$44,494
Median Earnings
$1,417
Median Rent
$413,400
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Renovated interiors include stainless steel kitchen appliances and an in-unit washer and dryer.
Where is this residential income property located?
The property is located at 475 Glen View Ct Colorado Springs, CO.
What are key features of this property?
This property features: 750‑square‑foot, 2‑bedroom apartment; Renovated interior with laminate flooring, carpet, and stainless steel kitchen appliances; Private fenced yard
