Four-Unit Apartment
For Sale
Contact for pricing
915 Hathaway Drive, Colorado Springs, CO 80915
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 Market109
Property Features for 915 Hathaway Drive
General Information
Standard status
Active
Size
16,844 SF
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$228,926
Additional Details
Multifamily Units
20
Building Details
Year Built
1983
Buildings
5
Units
20
Tenancy
Multi
Listing Agency:
Cushman & Wakefield - Denver, Colorado
Listed By:
Lee Wagner · License #CO 100084704
(417) 459-2155
Source:
Crexi
Added: Jul 7
Changed: Oct 17
Last Checked: Oct 23 at 7:07AM
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.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$220,618
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,412,360
$4.4M
Cap Rate 7%
$3,151,686
$3.2M
Cap Rate 9%
$2,451,311
$2.5M
Market Conditions
NOI Build-Up for 16,844 SF
Gross rent
$333.5K $19.80/SF
− Vacancy
−$18.3K −$1.09/SF
EGI
$315.2K $18.71/SF
− OpEx
−$94.6K −$5.61/SF
NOI
$220.6K $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%
$4,412,360
Cap Rate 7%
$3,151,686
Cap Rate 9%
$2,451,311
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 authorities.
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Property Analytics
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Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
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Business Placement
Demographics for 80915, CO
22,548
Population
9,434
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
94%
High-School Grad
7.9 sq mi
ZIP Area
2,854
Density / Sq Mi
$67,761
Median Household Income
$38,968
Median Earnings
$1,424
Median Rent
$328,200
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?
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
