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2480 Allegheny Dr
Colorado Springs, CO 80919
Multifamily Property For Sale · 4 Units

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INVESTMENT HIGHLIGHTS

  • 1,000 Sq Ft. Townhome-Style units with 2 beds, 1.5 baths and in-unit washer/dryer hookups.
  • Supply constrained area on the Northwest side of Colorado Springs adjacent to Wilson Ranch Community Park.
  • Value-Add opportunity with immediate control of rental rates and ability to renovate vacant units upon acquisition. Supply
  • Capital improvements with a new roof installed February of 2025 and recently updated siding/ exterior paint in December 2024.

EXECUTIVE SUMMARY

Cushman & Wakefield is pleased to present 2480 Allegheny Drive, a 4-unit multifamily property in Northwest Colorado Springs. The property features four 1,000 sq ft. two-story townhome style units with two bedrooms and one and a half bathrooms. Each of the four units have in-unit washer/dryers, individually metered electric (no gas at the property), front and rear entrances, and extra storage units on the back patios. The property has off-street parking, updated windows, new paint/siding, and a new roof installed in February 2025. With two of the units still unoccupied it provides immediate control of rental rates or take advantage of an owner occupied loan.
This West side location provides residents access to major tech employers along west Garden of the Gods Road as well as short drives to Garden of the Gods and downtown Colorado Springs. The Wilson Ranch Community Park featuring an outdoor swimming pool/slide, playground, tennis courts, basketball court, pavilion and open grass fields, sits just across the street. Ute Valley park is another nearby resident attraction that is known for hiking, mountain biking, dog walking, and running. The park offers vistas, geological features and destination-level trails, all readily accessible to outdoor enthusiasts in surrounding neighborhoods and the city. SPLIT ROCK DRIVE N

PROPERTY FACTS

Price Per Unit $289,979 CAD
Sale Type Investment
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class C
Lot Size 0.24 AC
Building Size 4,088 SF
Average Occupancy 100%
No. Stories 2
Year Built 1985
Parking Ratio 1.96/1,000 SF
Zoning R5 - Residential

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Ceiling Fans
  • Carpet
  • Family Room

SITE AMENITIES

  • 24 Hour Access

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1.5 4 $1,949 CAD 1,000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
73104-06-010
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$78,161 CAD
  • Listing ID: 37005481

  • Date on Market: 2025-07-29

  • Last Updated:

  • Address: 2480 Allegheny Dr, Colorado Springs, CO 80919

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