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1224 N Weber St 7 Unit Apartment Building $930,000 ($132,857/Unit) 6.25% Cap Rate Colorado Springs, CO 80903
Executive Summary
1224 North Weber Street is a seven-unit multifamily investment opportunity located in the highly desirable downtown corridor of Colorado Springs. The property consists of a two-story, low-rise apartment building situated blocks from Colorado College, with premier walkability, and both surface and rare garage parking for tenants. Originally constructed in 1895 as a historic residential home, the asset offers classic architectural character and vintage charm that is difficult to replicate in today’s market. This Downtown Victorian asset presents investors with the opportunity to capitalize on continued rental demand within one of Colorado Springs’ most established neighborhoods.
Positioned just north of Downtown Colorado Springs, the property benefits from close proximity to major employment, retail, dining, and entertainment destinations throughout the urban core. Residents enjoy convenient access to downtown restaurants, coffee shops, nightlife, and cultural attractions, along with nearby recreational amenities including Monument Valley Park, Shooks Run Trail, and Patty Jewett Golf Course. The location also provides quick connectivity to Interstate 25, Colorado College, the Olympic & Paralympic Training Center, and several military installations that support the region’s strong renter base.
Positioned just north of Downtown Colorado Springs, the property benefits from close proximity to major employment, retail, dining, and entertainment destinations throughout the urban core. Residents enjoy convenient access to downtown restaurants, coffee shops, nightlife, and cultural attractions, along with nearby recreational amenities including Monument Valley Park, Shooks Run Trail, and Patty Jewett Golf Course. The location also provides quick connectivity to Interstate 25, Colorado College, the Olympic & Paralympic Training Center, and several military installations that support the region’s strong renter base.
Property Facts
| Price | $930,000 | Apartment Style | Low-Rise |
| Price Per Unit | $132,857 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 6.25% | Building Size | 4,986 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1895 |
| Property Subtype | Apartment | Parking Ratio | 1.6/1,000 SF |
| Zoning | R4 | ||
| Price | $930,000 |
| Price Per Unit | $132,857 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 4,986 SF |
| No. Stories | 2 |
| Year Built | 1895 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | R4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 64071-08-007 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $72,400 |
Property Taxes
Parcel Number
64071-08-007
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$72,400
Contacts
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Lee Wagner -
Nic Polaski -
Josie Gross -
Abbey Mitchell -
Rachel Edson -
Cushman & Wakefield
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1224 N Weber St
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