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2575 E Uintah St
Colorado Springs, CO 80909
Mountain View Apartments · Multifamily Property For Sale
·
12 Units
Investment Highlights
- Value-Add Upside Through Unit Modernization
- Portfolio Offering - Ability to Scale to 44 Units in Same Submarket
- Walking Distance to Retail & Grocery
- Well-Maintained Asset
- 71% Discount to Homeownership
- #3 Best Places to Live in the United States
Executive Summary
CBRE is pleased to offer Mountain View Apartments, a 12-unit multifamily community located at 2575 E. Uintah St. in Colorado Springs. Built in 1965, the property features an even split of one-bedroom/one-bath and two-bedroom/one-bath units averaging 713 SF, and is currently 100% occupied.
Positioned minutes from the Aviation Corridor, Mountain View offers residents easy access to over 50,000 jobs at employers like Peterson Space Force Base, Schriever Space Force Base, and Colorado Springs Airport, plus another 32,000+ jobs in nearby downtown. Grocery and retail options — including the Citadel Mall — are within walking distance along N. Academy Blvd and Galley Rd.
In-place rents run below the submarket, with Mountain View averaging $928 versus a $1,069 competitive set — a 15% ($141/unit) upside opportunity for the next owner. Paired with a 71% discount to homeownership in the immediate area (saving residents $27K+ annually), this points to durable rental demand and continued rent growth.
Mountain View Apartments is also available as part of a 44-unit portfolio alongside the adjacent East Hills Apartments (32 units, 730-740 East Hills Rd.), offered together at $4,600,000 ($104,545/unit). Combined, the two assets sit within a half-mile of one another, creating opportunities for shared maintenance and leasing staff and consolidated vendor relationships.
Available individually at $1,300,000 ($108,333/unit, $152/SF), Mountain View Apartments represents a well-located, value-add multifamily opportunity in one of the nation's top-ranked cities for livability (#3 Best Place to Live, U.S. News & World Report, 2024-2025).
Positioned minutes from the Aviation Corridor, Mountain View offers residents easy access to over 50,000 jobs at employers like Peterson Space Force Base, Schriever Space Force Base, and Colorado Springs Airport, plus another 32,000+ jobs in nearby downtown. Grocery and retail options — including the Citadel Mall — are within walking distance along N. Academy Blvd and Galley Rd.
In-place rents run below the submarket, with Mountain View averaging $928 versus a $1,069 competitive set — a 15% ($141/unit) upside opportunity for the next owner. Paired with a 71% discount to homeownership in the immediate area (saving residents $27K+ annually), this points to durable rental demand and continued rent growth.
Mountain View Apartments is also available as part of a 44-unit portfolio alongside the adjacent East Hills Apartments (32 units, 730-740 East Hills Rd.), offered together at $4,600,000 ($104,545/unit). Combined, the two assets sit within a half-mile of one another, creating opportunities for shared maintenance and leasing staff and consolidated vendor relationships.
Available individually at $1,300,000 ($108,333/unit, $152/SF), Mountain View Apartments represents a well-located, value-add multifamily opportunity in one of the nation's top-ranked cities for livability (#3 Best Place to Live, U.S. News & World Report, 2024-2025).
Property Facts
| Price Per Unit | $108,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Cap Rate | 6.08% | Building Size | 8,550 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 2.11/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R-5,Colorado Springs | ||
| Price Per Unit | $108,333 |
| Sale Type | Investment |
| Cap Rate | 6.08% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 8,550 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 2.11/1,000 SF |
| Zoning | R-5,Colorado Springs |
Amenities
Site Amenities
- Laundry Facilities
- Pet Play Area
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 650 |
| 2+1 | 6 | - | 775 |
Property Taxes
| Parcel Number | 64091-19-004 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $84,990 |
Property Taxes
Parcel Number
64091-19-004
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$84,990
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