Log In/Sign Up
Your email has been sent.
4226 Forrest Hill Rd 8 Unit Apartment Building $1,599,000 ($199,875/Unit) 5.88% Cap Rate Colorado Springs, CO 80907
Executive Summary
4226–4228 Forrest Hill Road presents an excellent opportunity to acquire an 8-unit multifamily property in the heart of Colorado Springs. Situated in a stable rental submarket with strong demand for workforce housing, this asset offers investors a blend of consistent cash flow and long-term appreciation potential. The property is well-positioned to capture ongoing population growth, economic expansion, and limited housing supply in the Colorado Springs metro.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$125,388
|
$44.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$125,388
|
$44.21
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $125,388 |
| Annual Per SF | $44.21 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $125,388 |
| Annual Per SF | $44.21 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,599,000 | Apartment Style | Low-Rise |
| Price Per Unit | $199,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Cap Rate | 5.88% | Building Size | 2,836 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | ||
| Zoning | R4 | ||
| Price | $1,599,000 |
| Price Per Unit | $199,875 |
| Sale Type | Investment |
| Cap Rate | 5.88% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 2,836 SF |
| No. Stories | 2 |
| Year Built | 1971 |
| Zoning | R4 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 700 |
1 1
Property Taxes
| Parcel Number | 73252-08-024 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $47,890 (2025) |
Property Taxes
Parcel Number
73252-08-024
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$47,890 (2025)
1 of 24
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
4226 Forrest Hill Rd
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.