Two-Duplex Residential Income
525 East Kiowa Street Colorado Springs, CO 80903
525 East Kiowa Street, Colorado Springs, CO, 80903
$1,375,000
For Sale
$1,375,000
Four-unit rental setup in two duplex buildings with individually metered utilities and detached garages.
Property Size4,096 SF
Lot Size0.21 Acres
Price / SF$335.69
Days on Market35
Property Features for 525 East Kiowa Street
General Information
- Standard status
- Active
- Size
- 4,096 SF
- Lot size
- 0.21 Acres
- Property subtype
- Income / Fourplex
Building Details
- Year Built
- 2016
Listing agency
Progressive Property Group LLC
(719) 439-7647
Listed by
Jeff Gaddis CNE
(719) 439-7647
Source
Compass
Added: Jun 19 Updated: Jul 21 at 4:16PM Checked: Jul 22 at 10:53AM
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 Progressive Property Group LLC
Investment Insights
Based on property information with market context.
This property features four residential units arranged in two duplex buildings, completed in 2017 and described as well maintained. Each unit is individually metered with separate utilities and includes central air conditioning. Units have detached one-car garages, tall ceilings with upper units noted to have vaulted ceilings, engineered flooring in the kitchen and living areas, quality appliances, and solid core doors. The layout includes a primary suite with an attached private bath, plus a secondary full bath branching off the main living area; all units are described as having identical floorplans.
The buildings sit on a landscaped property with a courtyard that includes a grassy area and professional xeriscaping. The location is described as adjacent to Shooks Run Trail, with walk/bike/jog access from Downtown to the Rock Island Trail and beyond, and also within proximity to Downtown.
Offered as an easy ownership setup, the property is described as professionally managed by a locally owned organization.
The buildings sit on a landscaped property with a courtyard that includes a grassy area and professional xeriscaping. The location is described as adjacent to Shooks Run Trail, with walk/bike/jog access from Downtown to the Rock Island Trail and beyond, and also within proximity to Downtown.
Offered as an easy ownership setup, the property is described as professionally managed by a locally owned organization.
Key Highlights
- Four‑unit rental setup in two duplex buildings (identical unit layouts) built in 2016; project completion noted as 2017
- Each unit is individually metered with separate utilities, including central air conditioning
- Detached four‑car garage on the property, plus detached one‑car garages associated with the units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.1k | $19.80 |
| − Vacancy | −$4.5k | −$1.09 |
| EGI | $76.6k | $18.71 |
| − OpEx | −$23.0k | −$5.61 |
| NOI | $53.6k | $13.10 |
4,096 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$766.4K
$670.6K – $894.1K
NOI $53,648 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$710.3K
$621.5K – $828.6K
NOI $49,718 @ 7.0% cap · market cap 3.62%
Theoretical Best
Specialty Retail
$808.9K
$707.8K – $943.7K
NOI $56,623 @ 7.0% cap · market cap 4.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit rental setup in two duplex buildings with individually metered utilities and detached garages.
Where is this quadplex located?
The property is located at 525 East Kiowa Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Four‑unit rental setup in two duplex buildings (identical unit layouts) built in 2016; project completion noted as 2017; Each unit is individually metered with separate utilities, including central air conditioning; Detached four‑car garage on the property, plus detached one‑car garages associated with the units
