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    Updated Duplex with Private Outdoor Space Title is generated by Realmo AI

    890 Westmoreland Road, Colorado Springs, CO 80907

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    Claim this Listing
    New
    For Sale
    $450,000

    MULTI_FAMILY - Colorado Springs, CO

    Property size:
    1,884 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $238/SF
    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

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    Listing Contact
    Austin Collins PSA SFR

    Listing agent Austin Collins PSA SFR License #FA.100101766

    Listing office Venterra Real Estate LLC 802 S Tejon Street, Colorado Springs, CO

    Listing date Jun 15, 2026

    MLS# 2144220 Listing URL

    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

    This updated duplex features two townhome-style units with a functional split layout. Living room, kitchen, dining area, and a half bath are on the upper level, while the garden-level lower floor includes two bedrooms, a full bath, laundry area, and additional storage. Both units have private driveways, fenced backyards, and elevated decks off the kitchen, with a sliding glass door off the dining room opening to a private deck overlooking the yard. One unit is currently tenant-occupied, and the other is vacant and extensively remodeled. The remodeled unit includes luxury vinyl plank flooring on the upper level, new appliances and countertops, fresh interior and exterior paint, new carpet in the bedrooms, and a remodeled bathroom with stone-look porcelain tile and a glass tile accent.

    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
    1,884 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $352.5K
    $308.5K – $411.3K (±1% cap)
    NOI $24,676 @ 7.0% cap · market cap 5.48%
    Second Best
    Apartment 5plus
    $326.7K
    $285.9K – $381.1K (±1% cap)
    NOI $22,868 @ 7.0% cap · market cap 5.08%
    Theoretical Best
    Specialty Retail
    $372.1K
    $325.6K – $434.1K (±1% cap)
    NOI $26,044 @ 7.0% cap · market cap 5.79%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.810807
    Latitude
    38.888482

    FAQs

    What type of property is this?
    Duplex - Two-townhome duplex offers private driveways, fenced backyards, and updated interiors for flexible owner-occupant or rental use.
    Where is this duplex located?
    The property is located at 890 Westmoreland Road Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 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
    More about this property
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