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2201 W Pikes Peak Ave
Colorado Springs, CO 80904
Multifamily Property For Sale
·
2 Units
Investment Highlights
- LVP flooring replacement throughout
- Plumbing line replacement to PEX piping
- Excellent location in the heart of Old Colorado City and 10 minutes west of Downtown CO Springs
- $30K worth of interior improvements
- Electric breaker panel and electric main line upgrade to modern code standards
- Excellent walkability to unique/vibrant retail shops, restaurants, and entertainment
Executive Summary
County: El Paso
Year Built: 1898
Buildings | Stories: 1 | 1
Total Units: 2
Construction: Wood Siding
Roof Type: Pitched
Gross Building SF: 1,925
Lot SF: 3,480
Parking: Off-Street/Street
Heating: Electric Baseboard
Zoning: R-2
Gas/Electric: Individual
Water/Sewer: Master
The Pikes Peak Duplex offering presents a prime multifamily investment opportunity in the heart of historic Old Colorado City, Colorado Springs. This charming side-by-side duplex delivers two renovated units with strong rental appeal, combining substantial recent capital improvements and remaining cosmetic value-add upside in one of the city’s most vibrant, walkable, and desirable neighborhoods.
Just minutes from Garden of the Gods, Cheyenne Mountain Zoo, The Broadmoor, and Downtown CO Springs, residents enjoy immediate access to premier lifestyle amenities, outdoor recreation, and major employment centers.
Recent upgrades include LVP flooring throughout, PEX plumbing conversion, and complete electrical panel modernization to current code standards. Units feature kitchen updates with backsplash, appliances, cabinets, and sink, plus bathroom renovations with tile and vanity.
This stabilized duplex offers investors a combination of location-driven demand, significant capital improvements, and targeted value-add upside through cosmetic enhancements. With strong in-place performance and long-term appreciation potential in a premium neighborhood, it represents a compelling entry point into the Colorado Springs multifamily market.
Year Built: 1898
Buildings | Stories: 1 | 1
Total Units: 2
Construction: Wood Siding
Roof Type: Pitched
Gross Building SF: 1,925
Lot SF: 3,480
Parking: Off-Street/Street
Heating: Electric Baseboard
Zoning: R-2
Gas/Electric: Individual
Water/Sewer: Master
The Pikes Peak Duplex offering presents a prime multifamily investment opportunity in the heart of historic Old Colorado City, Colorado Springs. This charming side-by-side duplex delivers two renovated units with strong rental appeal, combining substantial recent capital improvements and remaining cosmetic value-add upside in one of the city’s most vibrant, walkable, and desirable neighborhoods.
Just minutes from Garden of the Gods, Cheyenne Mountain Zoo, The Broadmoor, and Downtown CO Springs, residents enjoy immediate access to premier lifestyle amenities, outdoor recreation, and major employment centers.
Recent upgrades include LVP flooring throughout, PEX plumbing conversion, and complete electrical panel modernization to current code standards. Units feature kitchen updates with backsplash, appliances, cabinets, and sink, plus bathroom renovations with tile and vanity.
This stabilized duplex offers investors a combination of location-driven demand, significant capital improvements, and targeted value-add upside through cosmetic enhancements. With strong in-place performance and long-term appreciation potential in a premium neighborhood, it represents a compelling entry point into the Colorado Springs multifamily market.
Property Facts
| Price Per Unit | $335,511 CAD | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 1,925 SF |
| Cap Rate | 5.32% | No. Stories | 1 |
| No. Units | 2 | Year Built | 1898 |
| Zoning | R-2 | ||
| Price Per Unit | $335,511 CAD |
| Sale Type | Investment |
| Cap Rate | 5.32% |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 1,925 SF |
| No. Stories | 1 |
| Year Built | 1898 |
| Zoning | R-2 |
Amenities
Unit Amenities
- Vinyl Flooring
Site Amenities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 3+1 | 1 | - | - |
Property Taxes
| Parcel Number | 74114-12-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $35,410 CAD |
Property Taxes
Parcel Number
74114-12-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$35,410 CAD
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