Log In/Sign Up
Your email has been sent.
3737 Red Canon Ave 10 Unit Apartment Building $1,975,000 ($197,500/Unit) Colorado Springs, CO 80904
Executive Summary
Located in a quiet neighborhood between downtown Colorado Springs and Manitou Springs and adjacent to Red Rock Open Space, Trailside Pikes Peak offers a rare opportunity: a recently renovated 10-unit apartment building in a prime location situated in unincorporated El Paso County land (outside the city limits) — meaning all 10 units are eligible for short-term rental use.
Zoning & Use Flexibility: Because the property is under county jurisdiction, all 10 units can legally be operated as short-term rentals (e.g. Airbnb, VRBO)
Recent Renovations (2024): Every unit was upgraded in 2024, including new kitchens, bathrooms, lighting, and appliances. All units have air conditioning.
Strong Location & Lifestyle Appeal Just a 2-minute walk to Red Rock Canyon Open Space — over 1,474 acres of trails, scenic vistas, and outdoor recreation right at your doorstep. Only 3 minutes by car to the charming mountain town of Manitou Springs, with galleries, boutiques, cafés, and direct access to hiking and the Pikes Peak Cog Railway. Approximately 6 minutes to Downtown Colorado Springs and just 4 minutes to Old Colorado City, a historic district with a vibrant markets, local art, music, and boutique shops.
Upside Opportunity: Convert all units to short/mid-term rentals to maximize rental income, 10-units on one property to lower per unit management expenses
Strong Comparable Market Fundamentals: This neighborhood is a top performing STR sub-market, leading to strong sales for properties converted to STR’s
Zoning & Use Flexibility: Because the property is under county jurisdiction, all 10 units can legally be operated as short-term rentals (e.g. Airbnb, VRBO)
Recent Renovations (2024): Every unit was upgraded in 2024, including new kitchens, bathrooms, lighting, and appliances. All units have air conditioning.
Strong Location & Lifestyle Appeal Just a 2-minute walk to Red Rock Canyon Open Space — over 1,474 acres of trails, scenic vistas, and outdoor recreation right at your doorstep. Only 3 minutes by car to the charming mountain town of Manitou Springs, with galleries, boutiques, cafés, and direct access to hiking and the Pikes Peak Cog Railway. Approximately 6 minutes to Downtown Colorado Springs and just 4 minutes to Old Colorado City, a historic district with a vibrant markets, local art, music, and boutique shops.
Upside Opportunity: Convert all units to short/mid-term rentals to maximize rental income, 10-units on one property to lower per unit management expenses
Strong Comparable Market Fundamentals: This neighborhood is a top performing STR sub-market, leading to strong sales for properties converted to STR’s
Property Facts
| Price | $1,975,000 | Building Class | C |
| Price Per Unit | $197,500 | Lot Size | 0.75 AC |
| Sale Type | Investment | Building Size | 5,002 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1955 |
| Apartment Style | Garden | ||
| Zoning | R-4 - Located in unincorporated El Paso County, no permits required and STR (Short Term Rental) is a use by right | ||
| Price | $1,975,000 |
| Price Per Unit | $197,500 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.75 AC |
| Building Size | 5,002 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1955 |
| Zoning | R-4 - Located in unincorporated El Paso County, no permits required and STR (Short Term Rental) is a use by right |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Wi-Fi
- Freezer
- Linen Closet
- Vinyl Flooring
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 6 | - | - |
1 1
Property Taxes
| Parcel Number | 74033-25-022 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $139,790 |
Property Taxes
Parcel Number
74033-25-022
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$139,790
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
2-Five Development Company
3737 Red Canon Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.