Fourplex Residential Unit with
For Sale
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6475 Yvonne Way Unit 3, Colorado Springs, CO 80918
Upper-level two-bedroom unit with a private rear entrance, on-site laundry, and off-street parking.
Property Size875 SF
Price / SF$1.43
Days on Market52
Property Features for 6475 Yvonne Way Unit 3
General Information
Standard status
Active
Size
875 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Pulpit Rock
Highway Access
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Amenities
wood fireplace
wall A/C unit
coin-op laundry on site
off street parking
Building Details
Year Built
1974
Tenancy
Single
Listing Agency:
Citadel Realty LLC
Listed By:
Melanie Weseman · License #230009423
Source:
Hudsonstonegateteam
Added: Sep 2
Changed: Oct 5
Last Checked: Oct 7 at 3:37PM
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 Citadel Realty LLC
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Investment Insights
Based on property information with market context.
This upper-level residential income unit is located within a fourplex and offers 875 square feet with two bedrooms and one bathroom. Interior features include a wood-burning fireplace and a wall-mounted A/C unit in the living room. The residence is accessed from the rear of the building and includes off-street parking.
A coin-operated laundry facility is available on site. The property is near the highway, University Village, and Chapel Hills Mall in Colorado Springs. The unit was built in 1974. Utility responsibilities include tenant-paid electric and trash service handled by the homeowner.
A coin-operated laundry facility is available on site. The property is near the highway, University Village, and Chapel Hills Mall in Colorado Springs. The unit was built in 1974. Utility responsibilities include tenant-paid electric and trash service handled by the homeowner.
Key Highlights
- 875 SF two‑bedroom, one‑bath unit within a fourplex
- Wood fireplace and wall A/C unit in living room
- Coin‑operated laundry available on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,643
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,860
$212.9K
Cap Rate 7%
$152,043
$152.0K
Cap Rate 9%
$118,256
$118.3K
Market Conditions
NOI Build-Up for 875 SF
Gross rent
$20.4K $23.28/SF
− Vacancy
−$1.0K −$1.16/SF
EGI
$19.4K $22.12/SF
− OpEx
−$8.7K −$9.95/SF
NOI
$10.6K $12.16/SF
Area
ZIP 80918
Vacancy
5.00%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,860
Cap Rate 7%
$152,043
Cap Rate 9%
$118,256
Alternative Uses
Best Use
Apartment 5plus
$152.0K
$133.0K – $177.4K
NOI $10,643 @ 7.0% cap · market cap 851.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$223.6K
$195.7K – $260.9K
NOI $15,655 @ 7.0% cap · market cap 1,252.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
Explore this area
Business Placement
Demographics for 80918, CO
47,453
Population
20,447
Households
2.3
Avg Household Size
37
Median Age
38%
College-Educated
95%
High-School Grad
12.0 sq mi
ZIP Area
3,954
Density / Sq Mi
$82,743
Median Household Income
$42,596
Median Earnings
$1,572
Median Rent
$414,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Upper-level two-bedroom unit with a private rear entrance, on-site laundry, and off-street parking.
Where is this residential income property located?
The property is located at 6475 Yvonne Way Unit 3 Colorado Springs, CO.
What are key features of this property?
This property features: 875 SF two‑bedroom, one‑bath unit within a fourplex; Wood fireplace and wall A/C unit in living room; Coin‑operated laundry available on site
