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106-Unit Apartment Portfolio
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675 Family Center Dr & 260 Justice Center Rd, Canon City, CO 81212

Two income-restricted communities combine conventional apartments and three-bedroom townhomes in Cañon City.

Property SizeContact for details
Days on Market4

Property Features for 675 Family Center Dr & 260 Justice Center Rd

General Information

Standard status Active
Property subtype Multifamily
Occupancy 95%

Units

Unit Mix 54 x 2BR, 52 x 3BR
Multifamily Units 106

Amenities

Durable 90's Vintage Construction
Oversized, Single-Use Floorplan
Affordability Preservation & Inherent Demand

Building Details

Units 106
Listed By: Jason Hornik · License #License(s): CO: FA. 100070708
Source: Marcusmillichap
Added: Oct 7 Changed: Oct 10 Last Checked: Oct 9 at 4:18PM

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 Jason Hornik

Investment Insights

Based on property information with market context.

This multifamily portfolio brings together Heatherwood Apartments and Skyline Bluffs Townhomes, with 106 units across two Cañon City communities. Heatherwood contains 54 two-bedroom apartments at 260 Justice Center Road. Skyline Bluffs has 52 townhomes, each with three bedrooms, at 675 Family Center Drive.

Both properties are governed by Land Use Restriction Agreements with the Colorado Housing and Finance Authority under Section 42 of the Internal Revenue Code. The communities are a short distance from one another and from historic downtown Cañon City. Nearby destinations identified include the Arkansas Riverwalk Trail, Royal Gorge Park, and Washington Street Trailhead.

The portfolio includes two distinct residential formats and bedroom configurations, with affordability restrictions applying at both properties.

Key Highlights

  • 106 units across two Cañon City communities
  • Heatherwood Apartments: 54 two‑bedroom units at 260 Justice Center Road
  • Skyline Bluffs Townhomes: 52 three‑bedroom townhomes at 675 Family Center Drive

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency HVAC Service Pharmacy Electrical Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

106
Residential units

Location Intelligence

Trade Area within ½ mile

306
Businesses Nearby

Demographics for 81212, CO

31,643
Population
12,918
Households
2.4
Avg Household Size
45
Median Age
22%
College-Educated
91%
High-School Grad
672.0 sq mi
ZIP Area
47
Density / Sq Mi
$63,545
Median Household Income
$38,670
Median Earnings
$1,063
Median Rent
$286,300
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two income-restricted communities combine conventional apartments and three-bedroom townhomes in Cañon City.
Where is this apartment building located?
The property is located at 675 Family Center Dr & 260 Justice Center Rd Canon City, CO.
What are key features of this property?
This property features: 106 units across two Cañon City communities; Heatherwood Apartments: 54 two‑bedroom units at 260 Justice Center Road; Skyline Bluffs Townhomes: 52 three‑bedroom townhomes at 675 Family Center Drive
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