Four-Unit Quadplex with Mountain
For Sale
$799,900
6935 Peyote Way, Colorado Springs, CO 80919
Built in 1984, the property offers four residential units near parks, trails, amenities, and Wilson Ranch Pool.
Property Size3,416 SF
Price / SF$234.16
Days on Market113
Property Features for 6935 Peyote Way
General Information
Standard status
Active
Size
3,416 SF
Property subtype
Multi Family
Building Details
Year Built
1984
Buildings
1
Tenancy
Multi
Listing Agency:
The Cutting Edge
(719) 661-1199
Listed By:
Amy Kunce-Martinez · License #40022912
(719) 661-1199
Source:
Exitrealty
Added: Apr 10
Changed: Jul 31
Last Checked: Jul 31 at 1:23PM
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 The Cutting Edge
Investment Insights
Based on property information with market context.
This four-unit quadplex contains 3,416 square feet and was built in 1984. The property offers mountain views and backs to open green space, providing separation from adjacent surroundings and access to an outdoor setting.
Located at 6935 Peyote Way in Colorado Springs, the property is within walking distance of Wilson Ranch Pool and minutes from parks, trails, and other amenities. Its four-unit configuration provides a compact residential income property format in the 80919 area.
Located at 6935 Peyote Way in Colorado Springs, the property is within walking distance of Wilson Ranch Pool and minutes from parks, trails, and other amenities. Its four-unit configuration provides a compact residential income property format in the 80919 area.
Key Highlights
- Four‑unit quadplex with 3,416 square feet
- Built in 1984
- Mountain views from the property
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 | $67.6k | $19.80 |
| − Vacancy | −$3.7k | −$1.09 |
| EGI | $63.9k | $18.71 |
| − OpEx | −$19.2k | −$5.61 |
| NOI | $44.7k | $13.10 |
3,416 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$639.2K
$559.3K – $745.7K
NOI $44,742 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$592.3K
$518.3K – $691.1K
NOI $41,464 @ 7.0% cap · market cap 5.18%
Theoretical Best
Specialty Retail
$674.6K
$590.3K – $787.1K
NOI $47,223 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
Explore this area
Business Placement
Demographics for 80919, CO
28,909
Population
12,033
Households
2.4
Avg Household Size
43
Median Age
62%
College-Educated
98%
High-School Grad
27.4 sq mi
ZIP Area
1,055
Density / Sq Mi
$116,316
Median Household Income
$60,084
Median Earnings
$1,800
Median Rent
$570,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Built in 1984, the property offers four residential units near parks, trails, amenities, and Wilson Ranch Pool.
Where is this quadplex located?
The property is located at 6935 Peyote Way Colorado Springs, CO.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Four‑unit quadplex with 3,416 square feet; Built in 1984; Mountain views from the property
