Duplex with Separate Living
743 Manitou Boulevard Colorado Springs, CO 80904
743 Manitou Boulevard, Colorado Springs, CO, 80904
$469,900
For Sale
$469,900
Well-maintained duplex with two units, separate laundry, and a backyard-access lower level.
Property Size2,288 SF
Price / SF$205.38
Days on Market49
Property Features for 743 Manitou Boulevard
General Information
- Standard status
- Active
- Size
- 2,288 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1983
Listing agency
Better Homes & Gardens Real Estate - Kenney & Co.
(719) 650-7554
Listed by
Lindsay Partlow · License #100072164
(719) 650-7554
Source
Exitrealty
Added: Jun 5 Updated: Jul 20 at 7:00PM Checked: Jul 22 at 6:51AM
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 Better Homes & Gardens Real Estate - Kenney & Co.
Investment Insights
Based on property information with market context.
This well-maintained duplex at 743 Manitou Boulevard is currently configured as two separate living levels with a locked interior door connection between them. The upper unit features two bedrooms, one bathroom, a full kitchen, dedicated laundry, access to a spacious new Trex deck, and an attached one-car garage.
The lower level includes two bedrooms plus an office, one bathroom, its own laundry area, and direct access to the backyard. Recent improvements include a brand new roof installed after the photos, new low-maintenance landscaping, a new Trex deck, and a sewer line replacement approximately two years ago.
The property is described as being in Colorado Springs’ westside Skyline neighborhood, positioned in a quiet setting just minutes from Old Colorado City, downtown Colorado Springs, shopping, restaurants, and with easy I-25 access. Lease terms are in place, with the downstairs unit lease expiring 10/31/2026 and the upstairs unit lease expiring 1/31/2027.
The lower level includes two bedrooms plus an office, one bathroom, its own laundry area, and direct access to the backyard. Recent improvements include a brand new roof installed after the photos, new low-maintenance landscaping, a new Trex deck, and a sewer line replacement approximately two years ago.
The property is described as being in Colorado Springs’ westside Skyline neighborhood, positioned in a quiet setting just minutes from Old Colorado City, downtown Colorado Springs, shopping, restaurants, and with easy I-25 access. Lease terms are in place, with the downstairs unit lease expiring 10/31/2026 and the upstairs unit lease expiring 1/31/2027.
Key Highlights
- Duplex at 743 Manitou Blvd built in 1983, currently configured as two separate living units.
- Upper unit: 2 bed, 1 bath, full kitchen, dedicated laundry, and access to a spacious new Trex deck; includes an attached one‑car garage.
- Lower unit: 2 bed plus an office, 1 bath, its own laundry area, and direct backyard access for a separate living space.
Local 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 | $45.3k | $19.80 |
| − Vacancy | −$2.5k | −$1.09 |
| EGI | $42.8k | $18.71 |
| − OpEx | −$12.8k | −$5.61 |
| NOI | $30.0k | $13.10 |
2,288 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$428.1K
$374.6K – $499.5K
NOI $29,968 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$396.7K
$347.2K – $462.9K
NOI $27,772 @ 7.0% cap · market cap 5.91%
Theoretical Best
Specialty Retail
$451.8K
$395.4K – $527.2K
NOI $31,629 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with two units, separate laundry, and a backyard-access lower level.
Where is this duplex located?
The property is located at 743 Manitou Boulevard Colorado Springs, CO.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Duplex at 743 Manitou Blvd built in 1983, currently configured as two separate living units.; Upper unit: 2 bed, 1 bath, full kitchen, dedicated laundry, and access to a spacious new Trex deck; includes an attached one‑car garage.; Lower unit: 2 bed plus an office, 1 bath, its own laundry area, and direct backyard access for a separate living space.
