Multifamily Assets in Colorado
908-910 W Colorado Ave, Colorado Springs, CO 80905
For Sale
Contact for pricing
Side-by-side multifamily assets in a desirable Colorado Springs location.
Property Size5,038 SF
Price / SF$277.89
Days on Market252
Property Features for 908-910 W Colorado Ave
General Information
Standard status
Size
Class
Property subtype
Zoning
Occupancy
Investment Type
Net Operating Income
Site & Location
Neighborhood
Building Details
Year Built
Year Renovated
Buildings
Units
Listing Agency:
Cushman & Wakefield - Denver, Colorado
Listed By:
Lee Wagner · License CO #100084704
(417) 459-2155
Source:
Crexi
Added: Mar 6
Changed: Nov 4
Last Checked: Nov 12 at 8:18AM
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 Cushman & Wakefield - Denver, Colorado
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Investment Insights
Based on property information with market context.
The properties at 908 and 910 W Colorado Avenue offer a chance to acquire adjacent multifamily assets in a desirable area of Colorado Springs' west side. Situated along the West Colorado corridor, between Downtown and Old Colorado City, the location benefits from strong rental demand due to walkability, local retail, dining options, and convenient access to I-25 and Highway 24. The combined properties offer immediate scale and operational efficiency across five total units, but can also be purchased individually. The property at 908 W Colorado features a remodeled three-bedroom, two-bath main house and a detached one-bedroom cottage. Renovations completed within the past two years provide modern finishes. Tenants are responsible for their own utilities. The property at 910 W Colorado is a renovated triplex with one 3BD/1BA unit, one 2BD/1BA unit, and one 1BD/1BA unit. Strong rents are in place. The property's renovation and layout position it well for stable long-term performance in a high-demand rental corridor. The combined property size is 5038 square feet.
Key Highlights
- Rare opportunity to acquire side‑by‑side multifamily assets in a desirable location.
- Located in a high‑demand rental corridor with walkability and easy access to major highways.
- 908 W Colorado: Fully remodeled three‑bedroom house and one‑bedroom cottage with modern finishes.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,986
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,319,720
$1.3M
Cap Rate 7%
$942,657
$942.7K
Cap Rate 9%
$733,178
$733.2K
Market Conditions
NOI Build-Up for 5,038 SF
Gross rent
$99.8K $19.80/SF
− Vacancy
−$5.5K −$1.09/SF
EGI
$94.3K $18.71/SF
− OpEx
−$28.3K −$5.61/SF
NOI
$66.0K $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%
$1,319,720
Cap Rate 7%
$942,657
Cap Rate 9%
$733,178
Alternative Uses
Best Use
Multifamily LT 5
$942.7K
$824.8K – $1.10M
NOI $65,986 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$873.6K
$764.4K – $1.02M
NOI $61,152 @ 7.0% cap · market cap 4.37%
Theoretical Best
Specialty Retail
$994.9K
$870.6K – $1.16M
NOI $69,645 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
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Business Placement
Demographics for 80905, CO
17,592
Population
8,933
Households
2
Avg Household Size
38
Median Age
39%
College-Educated
92%
High-School Grad
5.1 sq mi
ZIP Area
3,449
Density / Sq Mi
$64,496
Median Household Income
$40,876
Median Earnings
$1,449
Median Rent
$349,500
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Colorado Springs, CO
Properties on Market for Multifamily properties in Colorado Springs
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Side-by-side multifamily assets in a desirable Colorado Springs location.
Where is this multifamily property located?
The property is located at 908-910 W Colorado Ave Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Rare opportunity to acquire side‑by‑side multifamily assets in a desirable location.; Located in a high‑demand rental corridor with walkability and easy access to major highways.; 908 W Colorado: Fully remodeled three‑bedroom house and one‑bedroom cottage with modern finishes.**
