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3014 N Institute St
Colorado Springs, CO 80907
Multifamily Property For Sale · 4 Units

Investment Highlights

  • Two duplex buildings provide four individual rental units, creating diversified income streams within a compact property footprint.
  • Private, individual patios provide residents with a secluded outdoor area.
  • Individually metered for both Gas & Electricity
  • In-unit washer and dryer hookups provide residents with the convenience of private, in-home laundry, eliminating the need for shared facilities.
  • The 1954 single story construction offers an established multifamily asset within a mature Colorado Springs neighborhood.

Executive Summary

3006 & 3014 North Institute Street presents an attractive multifamily investment opportunity consisting of two duplexes totaling four units and 2,304 square feet of building area in Colorado Springs. Built in 1954, this single-story property offers investors a straightforward four-unit configuration with an established residential setting and efficient building footprint. The two-duplex layout provides diversified rental income across four individual units each offering 2-Bedroom & 1-Bathroom units while maintaining a manageable scale for both hands-on and professional ownership.
The property benefits from its location in Colorado Springs, one of Colorado’s largest and most dynamic metropolitan areas. Residents enjoy convenient access to major employment centers, retail, dining, recreation, educational institutions, and regional transportation corridors. The surrounding area provides an established residential environment with access to the broader amenities and economic drivers such as Roadhouse Cinemas, Vasa Fitness etc that continue to support demand for rental housing throughout the Colorado Springs market.
For investors, 3006 & 3014 North Institute Street offers an opportunity to acquire a compact multifamily asset with four individual income-producing units and potential for future value enhancement. The property is also an excellent fit for an owner-occupant, with one unit currently vacant and ready for immediate move-in. Live in one unit while generating rental income from the remaining units, providing an attractive opportunity to offset housing costs while building long-term equity. The combination of existing cash-flow potential, owner-occupant flexibility, and opportunities to enhance long-term income and value makes this asset well suited for both investors and buyers looking to house hack in Colorado Springs.

Property Facts

Price Per Unit $165,000
Sale Type Investment
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.34 AC
Building Size 2,304 SF
Average Occupancy 75%
No. Stories 1
Year Built 1954
Zoning R5

Amenities

Unit Amenities

  • Washer/Dryer
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Carpet
  • Family Room
  • Freezer
  • Patio
  • Porch

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 4 - 576

Property Taxes

Property Taxes

Parcel Number
63322-26-019
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$30,820
  • Listing ID: 41860540

  • Date on Market: 8/24/2026

  • Last Updated:

  • Address: 3014 N Institute St, Colorado Springs, CO 80907

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