Four-Unit Apartment
915 Hathaway Drive Colorado Springs, CO 80915
915 Hathaway Drive, Colorado Springs, CO, 80915
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For Sale
Contact for pricing
Five four-unit multifamily properties totaling 20 units are offered for sale near Colorado Springs Airport and Powers Corridor.
Property Size16,844 SF
Price / SF$219.66
Days on Market17
Property Features for 915 Hathaway Drive
General Information
- Standard status
- Active
- Size
- 16,844 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1983
Listing agency
Cushman & Wakefield - Denver, Colorado
(417) 459-2155
Listed by
Lee Wagner · License #CO 100084704
Source
Crexi
Added: Jul 7 Updated: Jul 20 at 6:04PM Checked: Jul 21 at 9:57AM
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
Investment Insights
Based on property information with market context.
Cushman & Wakefield presents a five-property multifamily portfolio for sale, made up of five four-unit buildings totaling 20 units. The portfolio includes 915 Hathaway Drive, 925 Hathaway Drive, 1006 Western Drive, 1010 Western Drive, and 5540 Bonita Village Road, each configured as a 4-unit apartment property.
The assets are located in East Colorado Springs near the Colorado Springs Airport and the Powers Corridor, with access to major employment centers, military installations, retail amenities, dining, and transportation routes. The surrounding area is described as continuing to experience residential and commercial growth.
For investors, the portfolio structure offers the ability to acquire multiple properties within close proximity and manage a consolidated set of 4-unit multifamily assets in the Colorado Springs market.
The assets are located in East Colorado Springs near the Colorado Springs Airport and the Powers Corridor, with access to major employment centers, military installations, retail amenities, dining, and transportation routes. The surrounding area is described as continuing to experience residential and commercial growth.
For investors, the portfolio structure offers the ability to acquire multiple properties within close proximity and manage a consolidated set of 4-unit multifamily assets in the Colorado Springs market.
Key Highlights
- Five 4‑unit multifamily properties totaling 20 units offered for sale as a portfolio
- Properties include 915 Hathaway Dr, 925 Hathaway Dr, 1006 Western Dr, 1010 Western Dr, and 5540 Bonita Village Rd
- All properties are in East Colorado Springs and were built in 1983
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 | $333.5k | $19.80 |
| − Vacancy | −$18.3k | −$1.09 |
| EGI | $315.2k | $18.71 |
| − OpEx | −$94.6k | −$5.61 |
| NOI | $220.6k | $13.10 |
16,844 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$3.15M
$2.76M – $3.68M
NOI $220,618 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$2.92M
$2.56M – $3.41M
NOI $204,456 @ 7.0% cap · market cap 5.53%
Theoretical Best
Specialty Retail
$3.33M
$2.91M – $3.88M
NOI $232,851 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Five four-unit multifamily properties totaling 20 units are offered for sale near Colorado Springs Airport and Powers Corridor.
Where is this quadplex located?
The property is located at 915 Hathaway Drive Colorado Springs, CO.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Five 4‑unit multifamily properties totaling 20 units offered for sale as a portfolio; Properties include 915 Hathaway Dr, 925 Hathaway Dr, 1006 Western Dr, 1010 Western Dr, and 5540 Bonita Village Rd; All properties are in East Colorado Springs and were built in 1983
