1322 Arch Street
Colorado Springs, CO 80904
- 8 beds
- 4 baths
- 3,216 sqft
- 8,520 sqft lot
- $217 per sqft
- 1973 build
- – on site
Great up/down four-plex in a quiet location in South Colorado City right between Downtown Colorado Springs and Manitou Springs. Located a few blocks to a bus stop and with quick access to Highway 24. This fantastic income investment is fully occupied $56,461 current gross revenue (Jan 2025, annualized). Limited taxes have helped control operating expenses ($15,860, 2024). Our 2025 Pro Forma Net Operating Income os $40,246 in 2025 yielding a 5.75% cap rate. The property features nine (9) off-street parking spaces and each unit features laundry, individual gas heat and energy efficient heat pump ("mini-split") heating and cooling. Minutes to downtown Colorado Springs, close to recreation, dining and shopping. Fully leased with established renters. New LVP flooring or new carpet in units, mostly updated bathrooms, kitchen improvements, newer appliances, washers and dryers. Newer furnaces and water heaters. Sewer lines to street replaced <15 years ago, composite roof replaced in 2018, newer interior and exterior paint. Owner recalls all furnaces replaced <10 years ago, just before they bought. Each unit has a storage locker. Plenty of parking on east and west side of building. Quiet community. Nice mountain views, close to nature. All units come with washer and dryer hookups. Units are occupied. Do not disturb tenants. Tours are not allowed - please review photos. Access to the Property will be provided upon an accepted Contract to Buy and Sell. Exceptions will not be made - if working with a broker, please make sure they read the remarks BEFORE reaching out. Possession will be subject to any/all tenant leases and any additional tenant's rights. Financials available upon request.
Last checked:
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Last updated Feb 6, 2025
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MLS# 9935893 —
This property is listed in more than one place. See it here, and here.
The Building
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Year Built:1973
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Direction Faces:South
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Architectural Style:Contemporary
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Construction Materials:Frame, Stucco
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Structure Type:Quadruplex
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Patio And Porch Features:Deck
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Roof:Composition
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Basement:false
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Levels:Two
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Foundation Details:Slab
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Building Area Total:3216
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Building Area Source:Public Records
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Above Grade Finished Area:3216
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Property Attached:false
Interior
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Laundry Features:In Unit
Room Dimensions
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Living Area:3216
Location
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Latitude:38.83591916
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Longitude:-104.86596136
The Property
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Property Type:Residential Income
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Property Subtype:Quadplex
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Parcel Number:74142-10-017
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Zoning:R2
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Lot Size Area:8520
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Lot Size Acres:0.2
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Lot Size SqFt:8520
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Lot Size Units:Square Feet
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Exclusions:All tenant owned personal property and appliances.
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View:Mountain(s)
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Fencing:None
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Road Responsibility:Public Maintained Road
Listing Agent
- Contact info:
- Agent phone:
- (970) 799-5354
- Office phone:
- (303) 999-1568
Taxes
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Tax Year:2023
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Tax Annual Amount:2036
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Tax Legal Description:LOTS 17, 18 BLK 16 RESUB PLAT OF PART OF SOUTH COLORADO CITY + CALVERT HEIGHTS
Beds
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Bedrooms Total:8
Baths
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Total Baths:4
Heating & Cooling
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Heating:Forced Air, Heat Pump
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Cooling:Air Conditioning-Room, Other
Utilities
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Utilities:Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected
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Electric:110V, 220 Volts, Single Phase
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Dishwasher, Range, Refrigerator
Schools
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Elementary School:Midland
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Elementary School District:Colorado Springs 11
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Middle Or Junior School:West
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Middle Or Junior School District:Colorado Springs 11
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High School:Coronado
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High School District:Colorado Springs 11
The Community
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Subdivision Name:South Colorado City & Calvert Heights
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Senior Community:false
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Association:false
Parking
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Parking Total:9
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Attached Garage:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
