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324 E Bijou St
Colorado Springs, CO 80903
Multifamily Property For Sale
·
6 Units


INVESTMENT HIGHLIGHTS
- PRIME LOCATION -Prime walkable access to the heart of downtown Colorado Springs.
- TURNKEY INVESTMENT - All units have been refreshed with notable, modern interior upgrades.
- EAT, SIP, EXPLORE - Steps away from an abundance of restaurants, cafés, breweries, and vibrant local hangouts.
- CENTRAL SPRINGS CONVENIENCE - Short walk to Colorado College and the bustling business core of Colorado Springs.
EXECUTIVE SUMMARY
Step into the center of Colorado Springs’ most dynamic, fastest-growing urban core with this exceptionally located 6-unit multifamily asset- 324 E Bijou St. Positioned just steps from the city’s premier dining, retail, entertainment, and cultural destinations, this property offers investors the rare chance to own in one of the most supply-constrained and highly sought-after submarkets in the entire region. The property has recently undergone significant interior renovations to include: fresh
paint, LVP flooring, new lighting, updated kitchen and updated bathrooms.
Surrounded by award-winning restaurants, boutique shops, craft breweries, cocktail bars, and everyday conveniences, the property delivers a true “live-work-play” environment that continues to attract a strong and diverse tenant base year-round. Residents enjoy walkable access to Downtown’s thriving business district—the central hub for finance, tech, government, and professional services—making the location ideal for young professionals, remote workers seeking urban amenities, and long-term renters who value both lifestyle and connectivity.
Beyond urban energy, the property sits moments from some of Colorado Springs’ most iconic outdoor and cultural landmarks. Monument Valley Park, America the Beautiful Park, and the Pikes Peak Greenway Trail provide unparalleled recreation, while nearby art galleries, historic architecture, and performing arts venues showcase the city’s rich cultural heritage and growing creative scene. Connectivity is unmatched: quick access to I-25 places the entire metro at your doorstep—from the booming Northgate tech corridor to the revitalized South End and Fort Carson. Whether commuting to regional employment centers or exploring the city’s mountain-to-metro lifestyle, this location consistently delivers high demand and strong rentability.
With limited multifamily inventory downtown, rising rental rates, and ongoing commercial and residential development surrounding the property, this 6-unit presents an exceptional value proposition for investors seeking stability, appreciation, and long-term growth in the heart of Colorado Springs.
paint, LVP flooring, new lighting, updated kitchen and updated bathrooms.
Surrounded by award-winning restaurants, boutique shops, craft breweries, cocktail bars, and everyday conveniences, the property delivers a true “live-work-play” environment that continues to attract a strong and diverse tenant base year-round. Residents enjoy walkable access to Downtown’s thriving business district—the central hub for finance, tech, government, and professional services—making the location ideal for young professionals, remote workers seeking urban amenities, and long-term renters who value both lifestyle and connectivity.
Beyond urban energy, the property sits moments from some of Colorado Springs’ most iconic outdoor and cultural landmarks. Monument Valley Park, America the Beautiful Park, and the Pikes Peak Greenway Trail provide unparalleled recreation, while nearby art galleries, historic architecture, and performing arts venues showcase the city’s rich cultural heritage and growing creative scene. Connectivity is unmatched: quick access to I-25 places the entire metro at your doorstep—from the booming Northgate tech corridor to the revitalized South End and Fort Carson. Whether commuting to regional employment centers or exploring the city’s mountain-to-metro lifestyle, this location consistently delivers high demand and strong rentability.
With limited multifamily inventory downtown, rising rental rates, and ongoing commercial and residential development surrounding the property, this 6-unit presents an exceptional value proposition for investors seeking stability, appreciation, and long-term growth in the heart of Colorado Springs.
PROPERTY FACTS
| Price Per Unit | $227,912 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 6.11% | Building Size | 3,400 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1890/2025 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | MX-L | ||
| Price Per Unit | $227,912 CAD |
| Sale Type | Investment |
| Cap Rate | 6.11% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 3,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1890/2025 |
| Opportunity Zone |
Yes |
| Zoning | MX-L |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $1,484 CAD | - |
| 1+1 | 4 | $1,759 CAD | - |
| 2+1 | 1 | $1,981 CAD | - |
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