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908 W Colorado Ave
Colorado Springs, CO 80905
908-910 W Colorado TRIPLEX + HOUSE & COTTAGE · Multifamily Property For Sale
·
5 Units


Investment Highlights
- Flexible investment strategy: ideal for house-hack living or traditional long-term rental income.
- Fully remodeled properties within the past two years, offering a true turnkey opportunity with minimal near-term capital needs.
- Prime west-side location between Downtown Colorado Springs and Old Colorado City with strong rental demand and walkability.
Executive Summary
908 & 910 W Colorado Avenue represent a rare opportunity to control side-by-side multifamily assets in one of the most supply-constrained and consistently desirable pockets of Colorado Springs’ west side. Located along the West Colorado corridor between Downtown and Old Colorado City, this stretch continues to see strong rental demand driven by walkability, local retail and dining, and quick access to I-25 and Highway 24. Properties of this scale in this submarket rarely trade— especially adjacent to one another.
908 W Colorado offers a fully remodeled three-bedroom, two-bath main house plus a detached one-bedroom cottage. Renovations completed within the past two years provide a true turnkey setup with modern finishes and limited near-term capital needs. Tenants pay their own utilities, keeping operating expenses clean and predictable.
910 W Colorado, directly next door, is a fully renovated triplex with an ideal unit mix: one 3BD/1BA, one 2BD/1BA, and one 1BD/1BA. Strong rents are already in place, and while ownership covers water, electric, and gas, the property’s renovation and layout position it well for stable long-term performance in a high-demand rental corridor.
These assets can be acquired together—creating immediate scale and operational efficiency across five total units—or purchased individually, allowing flexibility for an owner-occupant or an investor seeking a smaller entry point into the west-side market.
908 W Colorado offers a fully remodeled three-bedroom, two-bath main house plus a detached one-bedroom cottage. Renovations completed within the past two years provide a true turnkey setup with modern finishes and limited near-term capital needs. Tenants pay their own utilities, keeping operating expenses clean and predictable.
910 W Colorado, directly next door, is a fully renovated triplex with an ideal unit mix: one 3BD/1BA, one 2BD/1BA, and one 1BD/1BA. Strong rents are already in place, and while ownership covers water, electric, and gas, the property’s renovation and layout position it well for stable long-term performance in a high-demand rental corridor.
These assets can be acquired together—creating immediate scale and operational efficiency across five total units—or purchased individually, allowing flexibility for an owner-occupant or an investor seeking a smaller entry point into the west-side market.
Property Facts
| Price Per Unit | $280,000 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 5,038 SF |
| Cap Rate | 6.46% | Average Occupancy | 100% |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| No. Units | 5 | Year Built/Renovated | 1899/2025 |
| Property Type | Multifamily | ||
| Zoning | MX-M | ||
| Price Per Unit | $280,000 |
| Sale Type | Investment |
| Cap Rate | 6.46% |
| Sale Condition | 1031 Exchange |
| No. Units | 5 |
| Property Type | Multifamily |
| Lot Size | 0.27 AC |
| Building Size | 5,038 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1899/2025 |
| Zoning | MX-M |
Amenities
- Smoke Detector
Unit Amenities
- Dishwasher
- Washer/Dryer Hookup
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Yard
- Basement
- Double Pane Windows
- Family Room
- Lawn
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,693 | - |
| 2+1 | 1 | $1,666 | - |
| 3+1 | 1 | $2,320 | - |
| 3+2 | 1 | $2,370 | - |
Property Taxes
| Parcel Number | 74131-17-015 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $30,760 |
Property Taxes
Parcel Number
74131-17-015
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$30,760
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