Duplex with Off-Street
For Sale
$435,000
950 N 19th Street, Colorado Springs, CO 80904
Two-unit property with open living layouts, private outdoor space, and convenient access to shopping, dining, and I-25.
Property Size1,344 SF
Price / SF$323.66
Days on Market61
Property Features for 950 N 19th Street
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,426
Amenities
off-street parking
backyard space
Building Details
Year Built
1955
Buildings
1
Listing Agency:
MODUS Real Estate
(303) 974-4717
Listed By:
Susan Myers ALC CDPE CNE GRI SFR
(719) 209-0364
Source:
Exitrealty
Added: Aug 17
Changed: Sep 15
Last Checked: Sep 15 at 5:30AM
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 MODUS Real Estate
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Investment Insights
Based on property information with market context.
Built in 1955, this duplex includes two residences with connected kitchen and living areas that support practical everyday layouts. Interior finishes include wood-look vinyl flooring and carpet, while neutral exterior colors provide a consistent appearance across the property. Each unit also benefits from off-street parking and backyard space.
The property is located at 950 N 19th St in Colorado Springs, near Old Colorado City, shopping, dining, and access to I-25. Its two-unit configuration and combination of interior functionality, parking, and outdoor areas create a straightforward multifamily offering.
The property is located at 950 N 19th St in Colorado Springs, near Old Colorado City, shopping, dining, and access to I-25. Its two-unit configuration and combination of interior functionality, parking, and outdoor areas create a straightforward multifamily offering.
Key Highlights
- Duplex at 950 N 19th St, Colorado Springs, CO 80904
- Built in 1955
- Kitchen and living areas connect within both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,603
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,060
$352.1K
Cap Rate 7%
$251,471
$251.5K
Cap Rate 9%
$195,589
$195.6K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$26.6K $19.80/SF
− Vacancy
−$1.5K −$1.09/SF
EGI
$25.1K $18.71/SF
− OpEx
−$7.5K −$5.61/SF
NOI
$17.6K $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%
$352,060
Cap Rate 7%
$251,471
Cap Rate 9%
$195,589
Alternative Uses
Best Use
Multifamily LT 5
$251.5K
$220.0K – $293.4K
NOI $17,603 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$233.1K
$203.9K – $271.9K
NOI $16,314 @ 7.0% cap · market cap 3.75%
Theoretical Best
Specialty Retail
$265.4K
$232.2K – $309.7K
NOI $18,579 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
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Business Placement
Demographics for 80904, CO
20,986
Population
11,578
Households
1.8
Avg Household Size
47
Median Age
45%
College-Educated
96%
High-School Grad
11.2 sq mi
ZIP Area
1,874
Density / Sq Mi
$69,566
Median Household Income
$44,494
Median Earnings
$1,417
Median Rent
$413,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with open living layouts, private outdoor space, and convenient access to shopping, dining, and I-25.
Where is this duplex located?
The property is located at 950 N 19th Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Duplex at 950 N 19th St, Colorado Springs, CO 80904; Built in 1955; Kitchen and living areas connect within both units
