Log In/Sign Up
Your email has been sent.
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.
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 | Lot Size | 0.34 AC |
| Sale Type | Investment | Building Size | 2,304 SF |
| No. Units | 4 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1954 |
| Building Class | C | ||
| Zoning | R5 | ||
| 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
| Parcel Number | 63322-26-019 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $30,820 |
Property Taxes
Parcel Number
63322-26-019
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$30,820
1 of 37
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
