Duplex with Private
For Sale
$429,900
904 E Moreno Avenue, Colorado Springs, CO 80903
Two separately addressed units provide one- and two-bedroom layouts, private fenced yards, and rear garage or storage space.
Property Size1,428 SF
Price / SF$301.05
Days on Market50
Property Features for 904 E Moreno Avenue
General Information
Standard status
Active
Size
1,428 SF
Property subtype
Multi Family
Occupancy
100%
Site & Location
Neighborhood
Hillside
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,350
Amenities
fenced front yard
private garage/storage space
Building Details
Year Built
1951
Tenancy
Multi
Listing Agency:
Renjoy Real Estate
(719) 650-7245
Listed By:
Tanner Pile · License #FA.100094868
(602) 881-7554
Source:
Exitrealty
Added: Sep 4
Changed: Oct 7
Last Checked: Oct 7 at 8:49AM
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 Renjoy Real Estate
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Investment Insights
Based on property information with market context.
This duplex at 904 E Moreno Ave includes two separately addressed residences: one with 1BR/1BA and the other with 2BR/1BA. Both units are fully leased and maintained in solid condition. Each residence has a fenced front yard, while the rear provides private garage and storage space. Built in 1951, the property occupies a corner lot near downtown Colorado Springs.
The location places the duplex just blocks from downtown, with Switchback Coffee Roasters nearby and Acacia Park, Monument Valley Park, and downtown restaurants and shops within minutes. Colorado College and Pikes Peak Community College are also in close proximity. The property combines distinct unit layouts with dedicated outdoor and rear-use areas.
The location places the duplex just blocks from downtown, with Switchback Coffee Roasters nearby and Acacia Park, Monument Valley Park, and downtown restaurants and shops within minutes. Colorado College and Pikes Peak Community College are also in close proximity. The property combines distinct unit layouts with dedicated outdoor and rear-use areas.
Key Highlights
- Two separately addressed units: 1BR/1BA and 2BR/1BA
- Both units are fully leased
- Each unit has a fenced front yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,704
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,080
$374.1K
Cap Rate 7%
$267,200
$267.2K
Cap Rate 9%
$207,822
$207.8K
Market Conditions
NOI Build-Up for 1,428 SF
Gross rent
$28.3K $19.80/SF
− Vacancy
−$1.6K −$1.09/SF
EGI
$26.7K $18.71/SF
− OpEx
−$8.0K −$5.61/SF
NOI
$18.7K $13.10/SF
Area
Colorado Springs, CO
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,080
Cap Rate 7%
$267,200
Cap Rate 9%
$207,822
Alternative Uses
Best Use
Multifamily LT 5
$267.2K
$233.8K – $311.7K
NOI $18,704 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$247.6K
$216.7K – $288.9K
NOI $17,333 @ 7.0% cap · market cap 4.03%
Theoretical Best
Specialty Retail
$282.0K
$246.8K – $329.0K
NOI $19,741 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,044
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately addressed units provide one- and two-bedroom layouts, private fenced yards, and rear garage or storage space.
Where is this duplex located?
The property is located at 904 E Moreno Avenue Colorado Springs, CO.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Two separately addressed units: 1BR/1BA and 2BR/1BA; Both units are fully leased; Each unit has a fenced front yard
