Two-Unit Short-Term Rental
519 N Chestnut St, Colorado Springs, CO 80905
For Sale
$439,000
Two furnished living spaces offer separate kitchens and private outdoor areas on an R-2-zoned parcel.
Property Size1,186 SF
Lot Size0.21 Acres
Price / SF$370.15
Days on Market37
Property Features for 519 N Chestnut St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Road Access
Additional Details
Furnished
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private patio
turf yard
propane grill
stackable washer/dryer
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Fathom Realty Colorado LLC
(888) 455-6040
Listed By:
Kristin Zigurs
(719) 799-0802
Source:
Blackfeatherrealty
Added: Oct 1
Changed: Nov 4
Last Checked: Nov 5 at 8:44PM
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 Fathom Realty Colorado LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Colorado Springs property pairs a main residence with a separate 550-square-foot house. The main home includes a queen bedroom, full bath, full kitchen, breakfast bar, and living area. Exposed beams, log pillars, a skylight, and large windows are among its interior features. A patio and turf yard provide outdoor space. The second dwelling has a king bedroom, full bath, kitchenette, stackable washer and dryer, and mini-split heating and cooling, plus its own enclosed patio.
The 9,000-square-foot lot has alley access and mature trees. Zoning is R-2. The property was built in 1942 and is minutes from Downtown Colorado Springs, Manitou Springs, Garden of the Gods, I-25, and Highway 24.
The 9,000-square-foot lot has alley access and mature trees. Zoning is R-2. The property was built in 1942 and is minutes from Downtown Colorado Springs, Manitou Springs, Garden of the Gods, I-25, and Highway 24.
Key Highlights
- Two separate dwellings, including a 550‑square‑foot secondary house
- 9,000‑square‑foot lot with alley access and mature trees
- R‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,396
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,920
$287.9K
Cap Rate 7%
$205,657
$205.7K
Cap Rate 9%
$159,956
$160.0K
Market Conditions
NOI Build-Up for 1,186 SF
Gross rent
$27.6K $23.28/SF
− Vacancy
−$1.4K −$1.21/SF
EGI
$26.2K $22.07/SF
− OpEx
−$11.8K −$9.93/SF
NOI
$14.4K $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%
$287,920
Cap Rate 7%
$205,657
Cap Rate 9%
$159,956
Alternative Uses
Best Use
Apartment 5plus
$205.7K
$180.0K – $239.9K
NOI $14,396 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$234.2K
$204.9K – $273.3K
NOI $16,395 @ 7.0% cap · market cap 3.73%
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
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,332
Businesses Nearby
Explore this area
Business Placement
Demographics for 80905, CO
17,592
Population
8,933
Households
2
Avg Household Size
38
Median Age
39%
College-Educated
92%
High-School Grad
5.1 sq mi
ZIP Area
3,449
Density / Sq Mi
$64,496
Median Household Income
$40,876
Median Earnings
$1,449
Median Rent
$349,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Short term rental properties in Colorado Springs
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Short term rental property - Two furnished living spaces offer separate kitchens and private outdoor areas on an R-2-zoned parcel.
Where is this short term rental property located?
The property is located at 519 N Chestnut St Colorado Springs, CO.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Two separate dwellings, including a 550‑square‑foot secondary house; 9,000‑square‑foot lot with alley access and mature trees; R‑2 zoning
