3014 N Institute St - Apartments FOR SALE


Colorado Springs, CO 80907- Venetian Village
$660,000 USD
417-459-2155
3014 N Institute St, Colorado Springs, CO for Sale
$660,000 USD
Apartments - FOR SALE
1/36
null | Request Cap Rate

3014 N Institute St
Colorado Springs, CO 80907
Venetian Village


HIGHLIGHTS

  • Two duplex buildings provide four individual rental units, creating diversified income streams within a compact property footprint.
  • In-unit washer and dryer hookups provide residents with the convenience of private, in-home laundry, eliminating the need for shared facilities.
  • Private, individual patios provide residents with a secluded outdoor area.
  • The 1954 single story construction offers an established multifamily asset within a mature Colorado Springs neighborhood.
  • Individually metered for both Gas & Electricity

OVERVIEW

3006 & 3014 North Institute Street presents an attractive multifamily investment opportunity consisting of two duplexes totaling four units and 2,304 square feet of building area in Colorado Springs. Built in 1954, this single-story property offers investors a straightforward four-unit configuration with an established residential setting and efficient building footprint. The two-duplex layout provides diversified rental income across four individual units each offering 2-Bedroom & 1-Bathroom units while maintaining a manageable scale for both hands-on and professional ownership. The property benefits from its location in Colorado Springs, one of Colorado’s largest and most dynamic metropolitan areas. Residents enjoy convenient access to major employment centers, retail, dining, recreation, educational institutions, and regional transportation corridors. The surrounding area provides an established residential environment with access to the broader amenities and economic drivers such as Roadhouse Cinemas, Vasa Fitness etc that continue to support demand for rental housing throughout the Colorado Springs market. For investors, 3006 & 3014 North Institute Street offers an opportunity to acquire a compact multifamily asset with four individual income-producing units and potential for future value enhancement. The property is also an excellent fit for an owner-occupant, with one unit currently vacant and ready for immediate move-in. Live in one unit while generating rental income from the remaining units, providing an attractive opportunity to offset housing costs while building long-term equity. The combination of existing cash-flow potential, owner-occupant flexibility, and opportunities to enhance long-term income and value makes this asset well suited for both investors and buyers looking to house hack in Colorado Springs.

FOR SALE DETAILS

PRICE

$660,000 USD

PRICE/SF

$191 USD /SF

# OF UNITS

4

PRICE/UNIT

$165,000

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,717 SF

ZONING

R5

APN/PARCEL ID

63322-26-019

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.