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16 Old Crystal Park Rd
Manitou Springs, CO 80829
Multifamily Property For Sale
·
6 Units
Executive Summary
Freestanding multi-family property on Old Crystal Park Rd in Manitou. Value-Add & Modernization Potential: Built in 1941, the Class C property offers massive upside to bump rents through interior modernization and micro-apartment upgrades. Flexible Commercial Zoning: Sitting on a 0.43-acre commercially zoned (C) lot, the property provides unique versatility for high-density redevelopment or adaptive re-use that standard residential zoning won't allow. Streamlined, High-Demand Unit Mix: Comprising entirely of identical 1-bed/1-bath layouts, it minimizes maintenance overhead while perfectly capturing high demand from solo professionals and local workers seeking attainable rent. Walkable Downtown Location: Located just 1–2 blocks from historic downtown Manitou Springs' core commercial corridor, giving tenants immediate pedestrian access to local dining, transit, and top-tier District 14 schools. Scarcity & Tourism Insulation: Situated at the base of Pikes Peak near the Manitou Incline and Garden of the Gods, the asset benefits from high barriers to entry for new construction and a resilient local tourism economy
Property Facts
| Sale Type | Investment | Lot Size | 0.43 AC |
| No. Units | 6 | Building Size | 2,464 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1941 |
| Apartment Style | Low-Rise | Parking Ratio | 4.06/1,000 SF |
| Building Class | C | Cross Streets | Crystal Park Rd |
| Zoning | C | ||
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 2,464 SF |
| No. Stories | 1 |
| Year Built | 1941 |
| Parking Ratio | 4.06/1,000 SF |
| Cross Streets | Crystal Park Rd |
| Zoning | C |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
Property Taxes
| Parcel Number | 74043-08-015 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $59,870 |
Property Taxes
Parcel Number
74043-08-015
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$59,870
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