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2305 Split Rock Dr 4 Unit Apartment Building $865,000 ($216,250/Unit) Colorado Springs, CO 80919
Investment Highlights
- Four-unit apartment building totaling approximately 4,772 square feet, offering efficient management and stable rental income in growing rental market
- Colorado Springs continues to experience population expansion, job growth, and increasing housing demand, supporting long-term multifamily investment
- Built in 1984, the property offers durable construction and potential for modest upgrades to enhance rental income and long-term asset value.
Executive Summary
2305 Split Rock Drive presents an attractive opportunity to acquire a four-unit multifamily property in Colorado Springs, Colorado, one of the fastest-growing cities in the Front Range. Built in 1984 and totaling approximately 4,772 square feet, the property offers investors a stable, small-scale residential asset with manageable operations and consistent rental demand.
The property is located within a quiet residential neighborhood in the southeastern Colorado Springs submarket, providing residents with convenient access to major commuter routes, neighborhood retail centers, grocery stores, and everyday services. Nearby parks, schools, and community amenities contribute to a comfortable living environment that appeals to workforce renters and long-term residents.
Colorado Springs continues to experience strong economic and population growth driven by its diverse employment base including defense, aerospace, healthcare, technology, and education sectors. Major nearby employers such as Fort Carson, Peterson Space Force Base, and several national defense contractors support steady housing demand throughout the region. With its desirable location, practical unit layouts, and proximity to major employment centers, 2305 Split Rock Drive provides investors with a stable multifamily investment positioned to benefit from Colorado Springs’ long-term economic growth.
The property is located within a quiet residential neighborhood in the southeastern Colorado Springs submarket, providing residents with convenient access to major commuter routes, neighborhood retail centers, grocery stores, and everyday services. Nearby parks, schools, and community amenities contribute to a comfortable living environment that appeals to workforce renters and long-term residents.
Colorado Springs continues to experience strong economic and population growth driven by its diverse employment base including defense, aerospace, healthcare, technology, and education sectors. Major nearby employers such as Fort Carson, Peterson Space Force Base, and several national defense contractors support steady housing demand throughout the region. With its desirable location, practical unit layouts, and proximity to major employment centers, 2305 Split Rock Drive provides investors with a stable multifamily investment positioned to benefit from Colorado Springs’ long-term economic growth.
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Property Facts
| Price | $865,000 | Building Class | C |
| Price Per Unit | $216,250 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 4,772 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1984 |
| Property Subtype | Apartment | Parking Ratio | 1.68/1,000 SF |
| Zoning | R5/CR HS | ||
| Price | $865,000 |
| Price Per Unit | $216,250 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,772 SF |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 1.68/1,000 SF |
| Zoning | R5/CR HS |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 4 | $1,600 | 1,100 |
1 1
Somewhat walkable
20/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 73104-04-012 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $58,270 |
Property Taxes
Parcel Number
73104-04-012
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$58,270
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2305 Split Rock Dr
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