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3-Unit Apartment Building
New
For Sale
$120,000

481 Main St, Springfield, CO 81073

Each apartment has kitchen appliances, with laundry hookups in a shared area.

Property Size2,762 SF
Price / SF$43.45
Days on Market4

Property Features for 481 Main St

General Information

Standard status Active
Size 2,762 SF
Property subtype Multi-Family

Units

Unit Mix 1 x 1BR/1BA, 1 x 2BR/1BA + bonus room
Multifamily Units 3

Amenities

shared laundry hookups
off-street parking
kitchen appliances

Building Details

Year Built 1926
Buildings 1
Listing Agency: Mackey Realty
Listed By: Darrell Mackey · License #EI100028208
Source: 719coloradohome
Added: Oct 28 Changed: Oct 30 Last Checked: Oct 30 at 2:07PM

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 Mackey Realty

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Investment Insights

Based on property information with market context.

Built in 1926, this 2,762-square-foot apartment property contains three units with different layouts. The main-level front apartment has one bedroom and one bathroom; the rear main-level unit also has one bedroom and one bathroom. Upstairs, a two-bedroom, one-bathroom apartment includes an additional bonus room. Kitchen appliances are provided in each unit, and laundry hookups are located in a common area. Off-street parking serves the property.

Located at 481 Main St in Springfield, Colorado, the building has received some updates and is currently described as livable.

Key Highlights

  • Three apartments totaling 2,762 square feet
  • Built in 1926; some updates completed
  • Unit 1: 1 bedroom, 1 bathroom, main level

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

196
Businesses Nearby

Demographics for 81073, CO

1,817
Population
951
Households
1.9
Avg Household Size
45
Median Age
24%
College-Educated
84%
High-School Grad
639.3 sq mi
ZIP Area
3
Density / Sq Mi
$43,021
Median Household Income
$30,172
Median Earnings
$568
Median Rent
$137,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Each apartment has kitchen appliances, with laundry hookups in a shared area.
Where is this triplex located?
The property is located at 481 Main St Springfield, CO.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Three apartments totaling 2,762 square feet; Built in 1926; some updates completed; Unit 1: 1 bedroom, 1 bathroom, main level
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