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Property summary
This exceptional 12-unit multifamily property, located at 175 E Spruce Street in Elizabeth, Colorado, presents a lucrative investment opportunity. Situated on a 0.51-acre lot, this two-story building boasts a total of 10,428 square feet. Currently 100% leased, the property offers a stable income stream with twelve two-bedroom, one-bathroom apartments, each featuring a stove/range/oven, refrigerator, washer, and dryer. Upper-level units command a monthly rent of $1,350, while lower-level… units rent for $1,250. Individual electric and gas meters are installed in each unit, minimizing operational complexities for the owner. The building owner is responsible for water, sewer, taxes, trash removal, and insurance. Significant upgrades have been recently completed, including the replacement of ten water heaters in 2023 and one in 2024, along with the installation of eight new gas furnaces in 2024 and four others within the last three years. The property is conveniently located a short walk from a local park and offers ample parking on both levels. The building was originally designed for condominium conversion, and substantial groundwork has already been completed towards this goal. Each unit is equipped with a fire sprinkler system, and cable service is available. This property offers a compelling blend of strong rental income, recent upgrades, and significant future potential. Priced at $2,200,000, this is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a growing Colorado community, approximately 45 minutes from the Denver metro area.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Oct 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 10,428 SF
- Lot area
- 0.51 ac
- Year built
- 1997
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
-
Zoning Insight— not in this plan -
Location Analytics— not in this plan
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
-
Location Analytics— not in this plan
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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