2-Bedroom Residential Income
For Sale
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819 E San Miguel St Unit 5, Colorado Springs, CO 80903
Apartment asset with two full bathrooms, shared laundry, off-street parking, and downtown access to shopping and dining.
Property Size900 SF
Price / SF$1.73
Days on Market52
Property Features for 819 E San Miguel St Unit 5
General Information
Standard status
Active
Size
900 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Patty Jewett
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
off-street parking
pay-to-use laundry facilities
Building Details
Year Built
1986
Listing Agency:
Colorado Peak Real Estate
Listed By:
Andrea Warner ABR C2EX CMLXV MRP
(719) 648-9345
Source:
Hudsonstonegateteam
Added: Sep 2
Changed: Oct 12
Last Checked: Oct 7 at 12:55PM
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 Colorado Peak Real Estate
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Investment Insights
Based on property information with market context.
This residential income property contains a 900-square-foot apartment with two bedrooms and two full bathrooms. The interior includes a generously sized living room suited to everyday use and entertaining. The unit was built in 1986 and has views toward surrounding trees that add privacy to the setting.
Located at 817 E San Miguel St Unit 5 in Colorado Springs, the property offers off-street parking and access to pay-to-use laundry facilities in a common area. Its downtown setting provides access to shopping, dining, entertainment, and other local amenities.
Located at 817 E San Miguel St Unit 5 in Colorado Springs, the property offers off-street parking and access to pay-to-use laundry facilities in a common area. Its downtown setting provides access to shopping, dining, entertainment, and other local amenities.
Key Highlights
- Two‑bedroom, two‑full‑bath apartment
- 900 SF apartment built in 1986
- Off‑street parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,924
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,480
$218.5K
Cap Rate 7%
$156,057
$156.1K
Cap Rate 9%
$121,378
$121.4K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$21.0K $23.28/SF
− Vacancy
−$1.1K −$1.21/SF
EGI
$19.9K $22.07/SF
− OpEx
−$8.9K −$9.93/SF
NOI
$10.9K $12.14/SF
Area
Colorado Springs, CO
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,480
Cap Rate 7%
$156,057
Cap Rate 9%
$121,378
Alternative Uses
Best Use
Apartment 5plus
$156.1K
$136.6K – $182.1K
NOI $10,924 @ 7.0% cap · market cap 700.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$177.7K
$155.5K – $207.4K
NOI $12,442 @ 7.0% cap · market cap 797.56%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
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Business Placement
Demographics for 80903, CO
15,944
Population
8,340
Households
1.9
Avg Household Size
34
Median Age
39%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$59,292
Median Household Income
$35,251
Median Earnings
$1,221
Median Rent
$420,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Apartment asset with two full bathrooms, shared laundry, off-street parking, and downtown access to shopping and dining.
Where is this residential income property located?
The property is located at 819 E San Miguel St Unit 5 Colorado Springs, CO.
What are key features of this property?
This property features: Two‑bedroom, two‑full‑bath apartment; 900 SF apartment built in 1986; Off‑street parking included
