105 S Academy Blvd
Colorado Springs, CO 80910
The Regal Estates · Multifamily Property For Sale · 150 Units

Marcus & Millichap is pleased to present Regal Estates, a well-located, 150-unit multifamily community situated at 105 S Academy Boulevard in the heart of southeast Colorado Springs, one of the region’s most dynamic and rapidly growing submarkets. Built in 1972, the garden-style property spans 5.18 acres and features an attractive unit mix of 5 one-bedroom units averaging 792 square feet and 145 two-bedroom units averaging a spacious 1,000 square feet offering renters more livable space than competing properties, with average unit sizes exceeding submarket norms by more than 18%.

Regal Estates presents a compelling value-add investment opportunity, with a recently vacated 30-unit building undergoing renovation to include in-unit washer/dryer installations, a highly desirable amenity that has already demonstrated strong demand and supports $100+ rent premiums. The infrastructure is being upgraded to support future washer/dryer expansion across additional buildings, allowing a new owner to scale the renovation strategy and capitalize on the substantial upside while benefitting from stable, in-place cash flow.

Strategically positioned just 3.8 miles from Downtown Colorado Springs and under 10 minutes from the Colorado Springs Airport, the property is also located near major employment hubs including Fort Carson (30,000+ personnel), Peterson Space Force Base, U.S. Air Force Academy, and several defense and aerospace contractors such as Lockheed Martin, Northrop Grumman, and Raytheon. Nearby retail centers include Citadel Mall, Walmart Supercenter, and Safeway, while top-rated recreation options like Garden of the Gods, Cheyenne Mountain State Park, and Pikes Peak are just a short drive away.

With limited new supply, falling vacancies, and rents still offering a 46% discount to homeownership costs in the area, Regal Estates is positioned to capture long-term rental demand from a growing and diverse tenant base. The combination of strong fundamentals, clear upside, and attractive pricing relative to comps makes this a rare opportunity to acquire a high-performing asset in one of Colorado’s most resilient multifamily markets.