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Investment Highlights

  • 114-unit community with strong physical occupancy near 95%, providing investors with durable in-place cash flow and clear path to enhance performance
  • Masonry exterior and walk-up configuration reduce operational complexity and help limit common-area maintenance exposure.
  • Within 15 minutes of Garden of the Gods, Palmer Park, Austin Bluffs Open Space, and other major outdoor amenities.
  • Current rents are approximately 6.9% below market, allowing new ownership to capture rent growth as leases expire and units turn.
  • Average pro forma rent remains significantly below the cost of nearby homeownership, supporting long-term renter demand.
  • Less than 10 minutes from Downtown Colorado Springs, less than 15 minutes from Briargate, and less than 30 minutes from Colorado Springs Airport.

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Property Facts

Sale Type Investment
No. Units 114
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 4.52 AC
Building Size 73,865 SF
Average Occupancy 91%
No. Stories 2
Year Built/Renovated 1965/2012
Parking Ratio 1.62/1,000 SF
Zoning C-6,Colorado Springs

Amenities

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Disposal
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Eat-in Kitchen
  • Kitchen
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Carpet
  • Dining Room
  • Vinyl Flooring
  • Window Coverings

Site Amenities

  • Business Center
  • Clubhouse
  • Courtyard
  • Fitness Center
  • Laundry Facilities
  • Picnic Area
  • Property Manager on Site
  • Package Service
  • Maintenance on site
  • Sundeck

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 3 - 375
1+1 80 - 588
2+1 28 - 820
3+1 3 - 910
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 73361-00-010
  • 73361-00-013
  • 73361-00-011
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,997,649 CAD
  • Listing ID: 40776865

  • Date on Market: 2026-06-03

  • Last Updated:

  • Address: 3210 N Chestnut St, Colorado Springs, CO 80907

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