1518 N Wahsatch Ave - Apartments FOR SALE


Colorado Springs, CO 80907- North End
$1,050,000 USD
417-459-2155
1518 N Wahsatch Ave, Colorado Springs, CO for Sale
$1,050,000 USD
Apartments - FOR SALE
1/100
null | 6.2% Cap Rate

1518 N Wahsatch Ave
Colorado Springs, CO 80907
North End


HIGHLIGHTS

  • Prime Central Location
  • Strong Rental Demand
  • Walkability & Connectivity
  • Differentiated Legacy Asset With Long Term Attentive Owner
  • Value-Add & Growth Potential

OVERVIEW

1518 N Wahsatch Avenue is a centrally located multifamily investment opportunity positioned within the highly desirable Old North End. The property benefits from strong renter demand driven by its proximity to Downtown Colorado Springs, Colorado College, major employment centers, and recreational amenities throughout the urban core. The surrounding neighborhood offers a blend of historic charm, walkability, and access to dining, retail, and outdoor recreation that continues to attract young professionals, students, military-affiliated tenants, and long-term residents. The area has experienced ongoing residential and mixed-use investment activity as population growth and housing demand continue to support rental fundamentals across the city. This 7-unit property features a desirable unit mix of (5) two-bed and (2) one-bed units. This is a rare downtown asset on a large 16,000 SF lot with off-street parking and additional garage spaces for tenants. The property has been self-managed for over 30+ years and presents operational upside through recapturing $150+ rental premiums on the flexible month-to-month leases day one.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$184 USD /SF

# OF UNITS

7

PRICE/UNIT

$150,000

CAP RATE

6.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1518 N Wahsatch

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1899

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,354 SF

ZONING

R-4

APN/PARCEL ID

64064-21-011

ASK ABOUT THIS PROPERTY

Lee WagnerCushman & WakefieldMore Info
417-459-2155

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Lee WagnerCushman & WakefieldMore Info
417-459-2155

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.