All-Brick Corner Mixed-Use
731 N Cascade Avenue Colorado Springs, CO 80903
731 N Cascade Avenue, Colorado Springs, CO, 80903
$849,900
For Sale
$849,900
MULTI_FAMILY - Colorado Springs, CO
Property Size4,100 SF
Lot Size0.10 Acres
Price / SF$207.29
Days on Market25
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 agency
Park Avenue Properties of Colorado Springs, LLC
(719) 548-9900
Listed by
Tanya Stevenson ABR CDPE GRI PSA · License #040004755
(719) 548-9900
Added: Jun 29 Checked: Jul 23 at 5:06AM
MLS# 2664105
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.
Situated at 731 N Cascade Avenue in Colorado Springs, this distinctive all-brick property on a prominent corner lot offers over 4,100 square feet of versatile living and working space. The layout includes four bedrooms and three bathrooms, along with an attached interior experience complemented by a detached garage. Updated kitchen and bathrooms provide modern convenience, while original architectural details and generous room sizes maintain the character expected of a historic Old North End residence. The expansive basement includes abundant storage space and supports a variety of configurations, with courtyard areas in both the front and rear and mature landscaping around the property.
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.
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.
Key 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
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 |
4,100 SF · lease $23.28/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$711.0K
$622.1K – $829.5K
NOI $49,767 @ 7.0% cap · market cap 5.86%
Second Best
Office B
$576.6K
$504.5K – $672.7K
NOI $40,359 @ 7.0% cap · market cap 4.75%
Theoretical Best
Specialty Retail
$809.7K
$708.5K – $944.6K
NOI $56,678 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - All-brick corner property near Colorado College with flexible zoning for residential, professional office, or gallery use.
Where is this single family property located?
The property is located at 731 N Cascade Avenue Colorado Springs, CO.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 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
