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33 W Willamette Ave
Colorado Springs, CO 80903
Multifamily Property For Sale
·
7 Units
Investment Highlights
- Prime Downtown Location
- Favorable Unit Mix & Rentability
- Supply-Constrained Submarket
- Historic Character & Tenant Appeal
- Value-Add Potential
Executive Summary
33 W. Willamette Ave is a historic multifamily investment opportunity located in the highly sought-after
Downtown / Old North End neighborhood of Colorado Springs. Originally built in 1902, the property features
seven residential units totaling 5,581 square feet on a compact urban infill site.
The asset benefits from a highly walkable location in close proximity to Colorado College, Monument Creek, and
a wide range of downtown dining, retail, and cultural amenities. This prime positioning supports consistent
demand from a diverse tenant base, including students, young professionals, and lifestyle-oriented renters.
With strong in-place occupancy, endearing architectural character, and adjacency to key economic and cultural
drivers, 33 W. Willamette Ave offers investors a stable cash-flow profile with meaningful long-term appreciation
potential in one of the city’s most vibrant and evolving neighborhoods
Downtown / Old North End neighborhood of Colorado Springs. Originally built in 1902, the property features
seven residential units totaling 5,581 square feet on a compact urban infill site.
The asset benefits from a highly walkable location in close proximity to Colorado College, Monument Creek, and
a wide range of downtown dining, retail, and cultural amenities. This prime positioning supports consistent
demand from a diverse tenant base, including students, young professionals, and lifestyle-oriented renters.
With strong in-place occupancy, endearing architectural character, and adjacency to key economic and cultural
drivers, 33 W. Willamette Ave offers investors a stable cash-flow profile with meaningful long-term appreciation
potential in one of the city’s most vibrant and evolving neighborhoods
Property Facts
| Price Per Unit | $184,286 | Building Size | 5,581 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1965 |
| Lot Size | 0.16 AC | ||
| Zoning | R-5 | ||
| Price Per Unit | $184,286 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Lot Size | 0.16 AC |
| Building Size | 5,581 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1965 |
| Zoning | R-5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
Property Taxes
| Parcel Number | 64073-15-010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $74,890 |
Property Taxes
Parcel Number
64073-15-010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$74,890
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