Property profile & analytics
3617 Marion Dr Colorado Springs, CO 80909
- Apartment buildings
- 43,452 SF
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US13-2631479
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Sonoma Heights / Apartment Building
Property Details for 3617 Marion Dr
- Year built
- 1973
- Property size
- 43,452 SF
- Property type
- Apartment buildings
Description
The Sonoma Heights Apartments present an exceptional multifamily opportunity in Colorado Springs. Strategically located in the growing and desirable Knob Hill neighborhood, the property is near major city thoroughfares, a bevy of employers, popular malls, chain-grocers and restaurants, big-box shopping, and numerous entertainment options. Totaling 60 units, this asset offers value-add potential, requiring only minor interior cosmetic renovations to achieve top-of-market rents. Consisting of 37 one-bedrooms, and 23 two-bedroom units, Sonoma Heights provides much needed housing to strong tenant bases. The property features surface + off-street parking, well-maintained common areas, and on-site laundry facilities. The units feature double pane windows, new LVT flooring, fresh paint, and updated bathrooms. The asset has also endured major capital improvements over the last 10 years including new windows, new roofs, updated electrical, new/repaired boilers, and new solar panels to greatly help offset utility expenses. Sonoma Heights is a prime candidate for repositioning through cosmetic improvements, improved property management, and operational efficiency. These apartment buildings present an attractive investment opportunity, offering investors substantial potential for outsized returns at a compelling basis. Property Name: Sonoma Heights Apartments Address: 3617 Marion Dr County: El Paso Year Built: 1973 # Buildings: 2 # Stories: 3 # Units: 60 GBA: 43,452 SF Lot Size: 54,450 SF Parking: Surface | 86 Spaces Water/Sewer: Master Gas/Electric: Master Zoning: R5
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.761663
- Latitude
- 38.8491108
