Duplex with Separate Ranch
622 Prairie Road Colorado Springs, CO 80909
New
622 Prairie Road, Colorado Springs, CO, 80909
$449,900
For Sale
$449,900
MULTI_FAMILY - Colorado Springs, CO
Property Size2,329 SF
Lot Size0.17 Acres
Price / SF$193.17
Days on Market4
Property Features for 622 Prairie Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Basement
- Crawl Space
- Standard status
- Active
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1574
Utilities
- Heating system
- Forced Air
- Cooling system
- Ceiling Fan(s)
Building Details
- Year built
- 1947
- Roof type
- Shingle
Listing Agency
Springs Lifestyles Real Estate Inc.
(719) 963-4867
10610 Thomas Rd, Colorado Springs, CO
Listed by
Kathy Stenberg GRI SFR
(719) 963-4867
Added: Jul 18 Checked: Jul 21 at 1:06 am
MLS# 1362158
Listing URL
Copyright © 2026 elevateMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex features two separate ranch-style living spaces, each with its own entrance, kitchen, laundry area, and living room. The front unit includes two bedrooms, an office or non-conforming bedroom, and two bathrooms. The rear unit provides two bedrooms and two bathrooms.
The property includes a detached one-car garage and additional off-street parking. The listing is located in the Knob Hill area of Colorado Springs and is described as being minutes from downtown and close to parks, shopping, dining, schools, medical facilities, and major transportation corridors.
The property includes a detached one-car garage and additional off-street parking. The listing is located in the Knob Hill area of Colorado Springs and is described as being minutes from downtown and close to parks, shopping, dining, schools, medical facilities, and major transportation corridors.
Key Highlights
- 2,329 SF duplex in the established Knob Hill neighborhood with two separate ranch‑style living spaces and entrances
- Front unit: 1,165 SF with 2 bedrooms, an office or non‑conforming bedroom, and 2 bathrooms
- Rear unit: approximately 1,164 SF with 2 bedrooms and 2 bathrooms
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 | $46.1k | $19.80 |
| − Vacancy | −$2.5k | −$1.09 |
| EGI | $43.6k | $18.71 |
| − OpEx | −$13.1k | −$5.61 |
| NOI | $30.5k | $13.10 |
2,329 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$435.8K
$381.3K – $508.4K
NOI $30,505 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$403.9K
$353.4K – $471.2K
NOI $28,270 @ 7.0% cap · market cap 6.28%
Theoretical Best
Specialty Retail
$459.9K
$402.5K – $536.6K
NOI $32,196 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two ranch-style living spaces each have a separate entrance, kitchen, laundry area, and living room.
Where is this duplex located?
The property is located at 622 Prairie Road Colorado Springs, CO.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 2,329 SF duplex in the established Knob Hill neighborhood with two separate ranch‑style living spaces and entrances; Front unit: 1,165 SF with 2 bedrooms, an office or non‑conforming bedroom, and 2 bathrooms; Rear unit: approximately 1,164 SF with 2 bedrooms and 2 bathrooms
