890 Westmoreland Road, Colorado Springs, CO 80907
MULTI_FAMILY - Colorado Springs, CO
- Added:
- Jun 15, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 16 at 5:06 pm
Property Features for 890 Westmoreland Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1482
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1971
Listing agent Austin Collins PSA SFR License #FA.100101766 (719) 651-1770
Listing office Venterra Real Estate LLC 802 S Tejon Street, Colorado Springs, CO (719) 368-7639
Listing date Jun 15, 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
- Updated duplex (year built 1971) near University of Colorado Colorado Springs (UCCS)
- Each townhome‑style unit has 2 bedrooms, 1.5 bathrooms, and 942 SF of living space
- Each unit features a private driveway, fenced backyard, and elevated deck off the kitchen/dining area
- One unit is tenant‑occupied with rent listed at $1,500/month and ready for renewal
- Second unit is extensively remodeled and vacant, with new flooring, paint, appliances, and countertops
- Remodeled unit updates include remodeled bathroom with stone‑look porcelain tile surround and glass tile accent
Overview
The property is located near the University of Colorado Colorado Springs in the Crestmoor Parks area, with convenient access to shopping, dining, and major corridors along North Nevada Avenue. The setting is described as a quiet residential area while still being minutes from campus and local amenities.
For tenants, buyers, or owner-occupants, the duplex’s two separate units and private outdoor spaces support privacy and straightforward living arrangements. With one unit tenant-occupied and the second ready to lease or occupy, the property can work for an investor seeking an income-producing setup or for a household looking to live in one unit while renting the other.
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 | $37.3k | $19.80 |
| − Vacancy | −$2.1k | −$1.09 |
| EGI | $35.3k | $18.71 |
| − OpEx | −$10.6k | −$5.61 |
| NOI | $24.7k | $13.10 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.810807
- Latitude
- 38.888482