731 N Cascade Avenue, Colorado Springs, CO 80903
MULTI_FAMILY - Colorado Springs, CO
- Added:
- Jun 5, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 6 at 6:06 am
Property Features for 731 N Cascade Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Fireplace
- 1
- Basement
- Full
- Standard status
- Active
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1
Utilities
- Heating system
- Hot Water(Heating)
Building Details
- Year built
- 1911
- Roof type
- Shingle
Listing agent Tanya Stevenson ABR CDPE GRI PSA License #040004755 (719) 548-9900
Listing office Park Avenue Properties of Colorado Springs, LLC 2316 N Wahsatch Ave Ste 116, Colorado Springs, CO (719) 548-9900
Listing date Jun 5, 2026
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.
HighLights
- All‑brick property built in 1911 on a prominent corner lot directly across from Colorado College in Colorado Springs’ Old North End
- Over 4,100 SF with flexible zoning allowing residential use, professional offices, a gallery space, or a combination of uses
- 4 spacious bedrooms and 3 bathrooms, with generous room sizes and original architectural details
- Updated kitchen and bathrooms, plus abundant storage space throughout the expansive basement
- Detached garage, mature landscaping, brick privacy walls, and courtyard areas in both front and rear
- Hot water heating and shingle roof, with a fireplace
Overview
The home’s corner positioning places it directly across from Colorado College, supporting visibility and convenient access to the city’s central amenities. Brick privacy walls and established landscaping help define outdoor areas, while mature surroundings contribute to a private feel despite the location. The property also includes abundant natural light throughout, and the floor plan is described as flexible to support multiple use approaches.
Buyers and tenants looking for a property that can accommodate changing needs may find the combination of residential features and professional-use flexibility practical. The flexible zoning described in the remarks allows for residential use, professional offices, a gallery space, or a combination of uses, making it well-suited to an owner-user, boutique office operator, or creative/curatorial program seeking a distinctive historic setting.
Local Financial Insights For Apartment 5plus
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 | $95.4k | $23.28 |
| − Vacancy | −$5.0k | −$1.21 |
| EGI | $90.5k | $22.07 |
| − OpEx | −$40.7k | −$9.93 |
| NOI | $49.8k | $12.14 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.824359
- Latitude
- 38.844989