324 E Bijou St - Apartments FOR SALE


Colorado Springs, CO 80903- Downtown Colorado Springs
$900,000 USD
417-459-2155
324 E Bijou St, Colorado Springs, CO for Sale
$900,000 USD
Apartments - FOR SALE
1/25
null | 6.79% Cap Rate

324 E Bijou St
Colorado Springs, CO 80903
Downtown Colorado Springs


HIGHLIGHTS

  • PRIME LOCATION -Prime walkable access to the heart of downtown Colorado Springs.
  • EAT, SIP, EXPLORE - Steps away from an abundance of restaurants, cafés, breweries, and vibrant local hangouts.
  • TURNKEY INVESTMENT - All units have been refreshed with notable, modern interior upgrades.
  • CENTRAL SPRINGS CONVENIENCE - Short walk to Colorado College and the bustling business core of Colorado Springs.

OVERVIEW

Step into the center of Colorado Springs’ most dynamic, fastest-growing urban core with this exceptionally located 6-unit multifamily asset- 324 E Bijou St. Positioned just steps from the city’s premier dining, retail, entertainment, and cultural destinations, this property offers investors the rare chance to own in one of the most supply-constrained and highly sought-after submarkets in the entire region. The property has recently undergone significant interior renovations to include: fresh paint, LVP flooring, new lighting, updated kitchen and updated bathrooms. Surrounded by award-winning restaurants, boutique shops, craft breweries, cocktail bars, and everyday conveniences, the property delivers a true “live-work-play” environment that continues to attract a strong and diverse tenant base year-round. Residents enjoy walkable access to Downtown’s thriving business district—the central hub for finance, tech, government, and professional services—making the location ideal for young professionals, remote workers seeking urban amenities, and long-term renters who value both lifestyle and connectivity. Beyond urban energy, the property sits moments from some of Colorado Springs’ most iconic outdoor and cultural landmarks. Monument Valley Park, America the Beautiful Park, and the Pikes Peak Greenway Trail provide unparalleled recreation, while nearby art galleries, historic architecture, and performing arts venues showcase the city’s rich cultural heritage and growing creative scene. Connectivity is unmatched: quick access to I-25 places the entire metro at your doorstep—from the booming Northgate tech corridor to the revitalized South End and Fort Carson. Whether commuting to regional employment centers or exploring the city’s mountain-to-metro lifestyle, this location consistently delivers high demand and strong rentability. With limited multifamily inventory downtown, rising rental rates, and ongoing commercial and residential development surrounding the property, this 6-unit presents an exceptional value proposition for investors seeking stability, appreciation, and long-term growth in the heart of Colorado Springs.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$265 USD /SF

# OF UNITS

6

PRICE/UNIT

$150,000

CAP RATE

6.79%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Renovated- Incredible Downtown Location

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,008 SF

ZONING

MX-L

APN/PARCEL ID

64181-05-020

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.