$809,000

Estimated payment $4,612/month

Total Views 283
-- Bed
-- Bath
3,432 Sq Ft
$236 Price per Sq Ft

About This Home

-Attention investors, here's an opportunity you won't want to miss! 7 UNIT MULTIFAMILY Nestled in the heart of Downtown Colorado Springs, this 7-unit multi-family income property is an ideal investment opportunity. Most of the units have been updated along with some plumbing, electrical, and windows. Conveniently located within walking distance to all downtown amenities and Just minutes to I-25, and schools. This property promises convenience and potential for solid returns. Call /TXT listing agent for more details AND CURRENT CAP RATE

Listing Agent

Brent Demos

Demos Real Estate and Investments Brokerage Phone: 719-338-8110

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,520

Year Built

  • Built in 1889

Lot Details

  • 4,500 Sq Ft Lot
  • Back Yard Fenced

Parking

  • 7 Parking Spaces

Home Design

  • Shingle Roof
  • Masonite

Interior Spaces

  • 3,432 Sq Ft Home
  • Partial Basement

Laundry

  • Dryer
  • Washer

Utilities

  • No Cooling
  • Hot Water Heating System
  • 220 Volts in Kitchen

Community Details

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,520

Year Built

Built in 1889

Lot Details

0

Listing Details

  • Handicap Amenities: See Prop Desc Remarks
  • Property Sub Type: Aptmts(6+Units)
  • Prop. Type: Income
  • Year Built: 1889
  • Attribution Contact: 719-338-8110
  • Special Features: None

Interior Features

  • Alley: Paved
  • Appliances: 220v in Kitchen, Dryer, Range, Refrigerator, Washer
  • Fireplace Type: None

Exterior Features

  • New Construction: Existing
  • Fence: Rear
  • Foundation Details: Partial Basement
  • Roof: Composite Shingle
  • Exterior Construction: Masonite Type
  • Structure: Concrete, Frame

Garage/Parking

  • ParkingSpacesNumberOf: 7

Utilities

  • Cooling: None
  • Heating: Hot Water
  • Utilities: Electricity Connected, See Prop Desc Remarks
  • Hot Water: Municipal

Schools

  • School District: Colorado Springs 11
  • School District: Colorado Springs 11

Lot Info

  • Program Acres Total: 0.1033
  • Lot Size: 4500.0000

Tax Info

  • Flip Tax Amount: 1520.00
  • Tax Year: 2024

Multi Family

  • Unit Count: 5

Map

Range of Values:

Collateral Analytics

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ICE

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,495 $33,420 $3,900 $29,520
2022 $1,358 $24,270 $3,610 $20,660
2021 $1,473 $24,970 $3,720 $21,250
2020 $1,446 $21,300 $2,860 $18,440
2019 $1,438 $21,300 $2,860 $18,440
2018 $1,184 $16,140 $2,160 $13,980
2017 $1,122 $16,140 $2,160 $13,980
2016 $926 $15,980 $1,990 $13,990
2015 $923 $15,980 $1,990 $13,990
2014 -- $15,070 $1,910 $13,160
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2025 05/13/25 For Sale $809,000 -- $236 / Sq Ft
Source: Pikes Peak REALTOR® Services

Purchase History

Date Type Sale Price Title Company
Warranty Deed $150,035 Unified Title Company
Quit Claim Deed $57,385 --
Trustee Deed $55,606 --
Deed -- --
Deed -- --
Deed -- --
Deed -- --
Deed -- --
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $113,927 Future Advance Clause Open End Mortgage
Source: Public Records

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Source: Pikes Peak REALTOR® Services

MLS Number: 5567151

Pikes Peak REALTOR® Services

APN: 64181-02-007