157 Wellington St - Multi-Family FOR SALE


Fountain, CO 80817
$568,000 USD
417-459-2155
157 Wellington St, Fountain, CO for Sale
$568,000 USD
Multi-Family - FOR SALE
1/25
null | Request Cap Rate

157 Wellington St
Fountain, CO 80817


HIGHLIGHTS

  • TENANT PAID UTILITIES All utilities are paid directly by tenants, minimizing operating expenses and enhancing net operating income.
  • DESIRABLE UNIT MIX All spacious 2-bedroom, 1-bathroom units with open kitchens and living rooms.
  • SUBSTANTIAL CAPITAL IMPROVEMENTS Property features major upgrades, including three fully renovated units with modern finishes.
  • STRONG MARKET POSITION Limited rental competition in the immediate submarket supports strong occupancy rates and pricing power.

OVERVIEW

Cushman & Wakefield is proud to present 157–163 Wellington Street, a well-maintained fourplex in Fountain, Colorado, offering a rare opportunity to acquire a stabilized, cash-flowing asset with upside potential in a growing submarket just minutes south of Colorado Springs. Built in 1986, the property consists of four spacious 2-bedroom, 1-bathroom units, ideal for attracting long-term renters seeking affordability and convenience. The property has undergone significant capital improvements, including three fully renovated units featuring modern finishes and updated interiors. In addition, tenants pay all utilities, providing reduced operating expenses and stronger net income. Strategically located in a quiet residential neighborhood, 157–163 Wellington Street benefits from limited direct rental competition in the immediate area, supporting stable occupancy and rental growth. The property is just minutes from I-25, providing quick access to major employment centers in Colorado Springs, Fort Carson, and Pueblo. Fountain itself is experiencing steady population and job growth, driven by its affordability and proximity to key military, industrial, and logistics employers. With its desirable unit mix, updated interiors, and strong local fundamentals, this fourplex represents a turn-key opportunity in a supply-constrained and demand-driven rental market.

FOR SALE DETAILS

PRICE

$568,000 USD

PRICE/SF

$201 USD /SF

# OF UNITS

4

PRICE/UNIT

$142,000

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,496 SF

ZONING

R-2

APN/PARCEL ID

56052-01-019

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.