$975,000

Estimated payment $5,435/month

Total Views 103
6 Beds
6 Baths
4,015 Sq Ft
$243 Price per Sq Ft

Highlights

  • Very Popular Property
  • Studio bedroom
  • Floor Furnace
  • No HOA
  • Central Air

About This Home

Cushman & Wakefield is please to present 501 N Weber Street, which presents a rare opportunity to acquire a stabilized, value-add multifamily asset located in the highly desirable Downtown Colorado Springs submarket. The property comprises six residential units, including three studio apartments, one 1-bedroom unit, one 2-bedroom unit, and one 3-bedroom unit, offering a diverse mix, ideal for a broad tenant base. Positioned on a corner lot with off-street parking and a large fenced yard, the property delivers immediate curb appeal and functionality. Four of the six units feature private walk-out patios with unobstructed views of Pikes Peak, a unique amenity rarely found in downtown assets. Recent capital improvements—including a new water heater and newer roof—ensure a well-maintained, low-maintenance property that is poised for rent growth. Current in-place rents remain below market, allowing for upside potential through strategic unit renovations and lease turnover. Located just blocks from the core of Downtown Colorado Springs, the property benefits from strong walkability to restaurants, coffee shops, entertainment venues, and major employment hubs. As one of the fastest-growing cities in the U.S., Colorado Springs continues to attract renters with its affordability, access to nature, and expanding job market. Colorado Springs is experiencing sustained economic growth, supported by a diversified employment base including aerospace, defense, healthcare, and technology. With strong in-migration trends, low vacancy rates, and increasing rental demand, the market continues to favor multifamily investments. 501 N Weber is a clean, well-maintained asset offering immediate cash flow with long-term upside potential through operational efficiencies and unit upgrades. This is an ideal opportunity for both local and out-of-state investors seeking an urban-core asset with built-in appreciation potential.

Last Listed By

Nic Polaski

Cushman & Wakefield Brokerage Email: Nic.Polaski@cushwake.com,719-238-9074 License #100099164 Listed on: 05/28/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,135

Year Built

  • Built in 1895 | Remodeled

Lot Details

  • 6,750 Sq Ft Lot
  • 1 Common Wall

Parking

  • 15 Parking Spaces

Home Design

  • Quadruplex
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,015 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Studio bedroom
  • 6 Bathrooms

Schools

  • Taylor Elementary School
  • North Middle School
  • Palmer High School

Utilities

  • Central Air
  • Floor Furnace

Community Details

  • No Home Owners Association
  • Central Colorado Springs Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6407420019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,135

Year Built

Built in 1895 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Structure Type: Quadruplex
  • Levels: Two
  • Year Built: 1895
  • Above Grade Finished Sq Ft: 4015
  • Exclusions: N/A
  • Living Area: 4015
  • Property Condition: Updated/Remodeled
  • SubdivisionName: Central Colorado Springs
  • Ownership: Individual
  • Property Attached Yn: Yes
  • REC_RVSpaces: 0
  • Attribution Contact: Nic.Polaski@cushwake.com,719-238-9074
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Basement: No
  • Total Bedrooms: 6

Exterior Features

  • Roof: Shingle
  • Construction Materials: Concrete

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 15
  • REC_ParkingCount: 1
  • Unit Numberof Parking Per Unit: 2
  • Unit Numberof Parking Per Unit: 2
  • Unit Numberof Parking Per Unit: 2
  • Unit Numberof Parking Per Unit: 2

Utilities

  • Sewer: Community Sewer
  • Cooling: Central Air
  • Heating: Floor Furnace

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: North

Lot Info

  • Parcel Number: 6407420019
  • Lot Size Acres: 0.15
  • Building Area Total: 4015
  • Lot Size Sq Ft: 6750
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 3135

MLS Schools

  • Elementary School: Taylor
  • High School: Palmer

Map

Range of Values:

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Average Value
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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
05/28/2025 05/28/25 For Sale $975,000 -- $243 / Sq Ft
Source: REcolorado®

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    Section Image

Source: REcolorado®

MLS Number: 4096227

REcolorado®