Bottom-Floor
For Sale
Contact for pricing
529 N Weber St, Colorado Springs, CO 80903
One-bedroom apartment with kitchen appliances and shared laundry access in a downtown setting.
Property Size502 SF
Price / SF$1.99
Days on Market24
Property Features for 529 N Weber St
General Information
Standard status
Active
Size
502 SF
Property subtype
Multi-Family
Building Details
Year Built
1889
Listing Agency:
Galvan and Gardner Real Estate Group, Inc.
Listed By:
Daniela Galvan-wall GRI
(719) 301-2222
Source:
Hudsonstonegateteam
Added: Sep 22
Changed: Oct 11
Last Checked: Oct 7 at 5:44PM
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 Galvan and Gardner Real Estate Group, Inc.
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Investment Insights
Based on property information with market context.
This bottom-floor apartment offers 502 square feet with one bedroom and one bathroom. The kitchen includes appliances, while shared clothes-washer and dryer facilities are available within the building. The fireplace is not usable. Built in 1889, the property is located at 529 N Weber St in Colorado Springs and is described as being downtown, near shopping and restaurants. The residence is within School District 11. Tenant approval is handled on a case-by-case basis, and pets are not allowed.
Key Highlights
- 502‑square‑foot bottom‑floor apartment
- One bedroom and one bathroom
- Kitchen includes appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,093
Suggested Prices Based on Cap Rates
Cap Rate 5%
$121,860
$121.9K
Cap Rate 7%
$87,043
$87.0K
Cap Rate 9%
$67,700
$67.7K
Market Conditions
NOI Build-Up for 502 SF
Gross rent
$11.7K $23.28/SF
− Vacancy
−$608 −$1.21/SF
EGI
$11.1K $22.07/SF
− OpEx
−$5.0K −$9.93/SF
NOI
$6.1K $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%
$121,860
Cap Rate 7%
$87,043
Cap Rate 9%
$67,700
Alternative Uses
Best Use
Apartment 5plus
$87.0K
$76.2K – $101.6K
NOI $6,093 @ 7.0% cap · market cap 609.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$99.1K
$86.8K – $115.7K
NOI $6,940 @ 7.0% cap · market cap 694.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,152
Businesses Nearby
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Business Placement
Demographics for 80903, CO
15,944
Population
8,340
Households
1.9
Avg Household Size
34
Median Age
39%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$59,292
Median Household Income
$35,251
Median Earnings
$1,221
Median Rent
$420,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom apartment with kitchen appliances and shared laundry access in a downtown setting.
Where is this residential income property located?
The property is located at 529 N Weber St Colorado Springs, CO.
What are key features of this property?
This property features: 502‑square‑foot bottom‑floor apartment; One bedroom and one bathroom; Kitchen includes appliances
