Fully Renovated
910 W Colorado Avenue Colorado Springs, CO 80905
For Sale
$720,000
Renovated triplex with three units: one 3BD/1BA, one 2BD/1BA, and one 1BD/1BA.
Property Size2,656 SF
Price / SF$271.08
Days on Market16
Property Features for 910 W Colorado Avenue
General Information
- Standard status
- Active
- Size
- 2,656 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1899
Listing Agency:
Cushman & Wakefield
(719) 238-9074
Listed By:
Nic Polaski · License #100099164
(719) 238-9074
Source:
Exitrealty
Added: Jul 8
Changed: Jul 23
Last Checked: Jul 23 at 10:25AM
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
Investment Insights
Based on property information with market context.
910 W Colorado Avenue is a fully renovated triplex designed for versatile residential income use. The property includes three well-sized units with a strong mix of one 3BD/1BA, one 2BD/1BA, and one 1BD/1BA, supporting diversified occupancy. The remarks also indicate prior successful short-term rental history, aligning with flexible use considerations for an owner-operator or investor.
The triplex is located between Old Colorado City and Downtown Colorado Springs, with close proximity to Garden of the Gods, Manitou Springs, and other west-side amenities.
Adjacent 908 W Colorado Avenue is also available, and the seller prefers to sell both properties together as a side-by-side opportunity totaling five units, creating immediate scale for consolidated ownership and operations.
The triplex is located between Old Colorado City and Downtown Colorado Springs, with close proximity to Garden of the Gods, Manitou Springs, and other west-side amenities.
Adjacent 908 W Colorado Avenue is also available, and the seller prefers to sell both properties together as a side-by-side opportunity totaling five units, creating immediate scale for consolidated ownership and operations.
Key Highlights
- Fully renovated triplex (910 W Colorado Avenue) with 3 units total
- Unit mix: one 3BD/1BA, one 2BD/1BA, and one 1BD/1BA
- Located between Old Colorado City and Downtown Colorado Springs
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 | $52.6k | $19.80 |
| − Vacancy | −$2.9k | −$1.09 |
| EGI | $49.7k | $18.71 |
| − OpEx | −$14.9k | −$5.61 |
| NOI | $34.8k | $13.10 |
2,656 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$497.0K
$434.8K – $579.8K
NOI $34,787 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$460.6K
$403.0K – $537.3K
NOI $32,239 @ 7.0% cap · market cap 4.48%
Theoretical Best
Specialty Retail
$524.5K
$459.0K – $612.0K
NOI $36,717 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Renovated triplex with three units: one 3BD/1BA, one 2BD/1BA, and one 1BD/1BA.
Where is this triplex located?
The property is located at 910 W Colorado Avenue Colorado Springs, CO.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Fully renovated triplex (910 W Colorado Avenue) with 3 units total; Unit mix: one 3BD/1BA, one 2BD/1BA, and one 1BD/1BA; Located between Old Colorado City and Downtown Colorado Springs
