$650,000

Estimated payment $3,609/month

Total Views 2,600
8 Beds
4 Baths
3,536 Sq Ft
$184 Price per Sq Ft

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • Wood Siding

About This Home

Marcus & Millichap is pleased to present the exclusive opportunity to acquire 2481 and 2521 Astrozon Circle, two adjacent multifamily properties located in the high-demand Southeast submarket of Colorado Springs. Offered together or separately at a combined price of $1,275,000, these properties feature a total of eight units, seven of which have been recently renovated with updated flooring, modernized kitchens and bathrooms, and fresh interior finishes that appeal to today’s renters. Six of the eight units have also been upgraded with mini-split air conditioning systems, offering enhanced climate control and energy efficiency.

This is a compelling operational value-add investment. The current owner has already completed nearly all of the interior capital improvements required to bring the properties up to market standards, significantly reducing the need for further capital expenditures in the near term. With the units in great condition and rents currently below market, there is immediate upside potential through lease turnover and rent increases, allowing a new investor to drive revenue growth without the burden of heavy renovation costs.

Situated in a well-established rental corridor near schools, shopping centers, public transportation, and major employment hubs, both properties are ideally located to attract and retain quality tenants. For investors seeking a clean, low-maintenance multifamily opportunity with in-place cash flow and strong rent growth potential, 2481 and 2521 Astrozon Circle offer a rare combination of stability and upside in one of Colorado’s most dynamic rental markets.

Listing Agent

Andrew Stephens

Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. Brokerage Email: andrew.stephens@marcusmillichap.com,303-328-2034 License #100098946 Listed on: 08/04/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,942

Year Built

  • Built in 1984

Home Design

  • Quadruplex
  • Wood Siding

Interior Spaces

  • 3,536 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Schools

  • Giberson Elementary School
  • Panorama Middle School
  • Sierra High School

Additional Features

  • Two or More Common Walls
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Pikes Peak Park Sub No 28 Resub Of Lot 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 64264-19-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,942

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Structure Type: Quadruplex
  • Levels: Two
  • Year Built: 1984
  • Above Grade Finished Sq Ft: 3536
  • Exclusions: N/A
  • Living Area: 3536
  • SubdivisionName: Pikes Peak Park Sub No 28 Resub of Lot 1
  • Ownership: Individual
  • Property Attached Yn: Yes
  • REC_RVSpaces: 0
  • Attribution Contact: andrew.stephens@marcusmillichap.com,303-328-2034
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Basement: No
  • Total Bedrooms: 8

Exterior Features

  • Roof: Other
  • Construction Materials: Wood Siding

Garage/Parking

  • Attached Garage: No
  • REC_ParkingCount: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Schools

  • Middle Or Junior School: Panorama

Lot Info

  • Parcel Number: 64264-19-004
  • Building Area Total: 3536

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 1942

MLS Schools

  • Elementary School: Giberson
  • High School: Sierra High

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2025 08/04/25 For Sale $650,000 -- $184 / Sq Ft
Source: REcolorado®

Source: REcolorado®

MLS Number: 8059195

REcolorado®

APN: 64264-19-004