322 Saint Vrain
Colorado Springs, CO 80903
- – beds
- – baths
- 2,572 sqft
- $165 per sqft
- 1892 build
- – on site
Cushman and Wakefield is pleased to offer a rare opportunity to acquire a 3-unit multifamily property located at 322 E St Vrain Street in the heart of Downtown Colorado Springs. This well-located asset provides a blend of immediate income potential and long-term appreciation, making it a standout opportunity in a rapidly growing market. The property consists of three well-maintained units, offering a desirable mix of rental options. It is ideally situated for tenants who wish to live in close proximity to the dynamic energy of Downtown Colorado Springs. With rents below market rates, there is immediate potential to increase income by adjusting rents to reflect current market conditions. Situated in the heart of Downtown Colorado Springs, this property is just steps away from an abundance of dining, coffee shops, boutique retailers, and entertainment venues. The area is known for its lively atmosphere, rich cultural offerings, and unique shopping experiences, making it a highly desirable destination for residents. 322 E St Vrain Street represents a solid investment with the potential for both immediate cash flow and significant value appreciation. With under-market rents and long-term ownership, this property offers an ideal opportunity to increase rental income, creating substantial upside for a new owner. Its location in one of the most desirable and walkable neighborhoods in Colorado Springs, combined with the potential for rent growth, makes this asset a prime addition to any investor’s portfolio.
Last checked:
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Last updated Mar 11, 2025
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MLS# 6314533 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1892
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Construction Materials:Cement Siding
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Structure Type:Triplex
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Roof:Architecural Shingle
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Basement:false
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Levels:Two
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Building Area Total:2572
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Above Grade Finished Area:2572
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Property Attached:false
Room Dimensions
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Living Area:2572
Location
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Latitude:38.84101588
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Longitude:-104.81837554
The Property
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Property Type:Residential Income
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Property Subtype:Triplex
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Parcel Number:6407420022
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Exclusions:N/A
Listing Agent
- Contact info:
- Agent phone:
- (719) 238-9074
- Office phone:
- (303) 292-3700
Taxes
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Tax Year:2024
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Tax Annual Amount:869
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Tax Legal Description:E 45 FT OF W 90 FT OF LOT 5 BLK 34 COLO SPGS, TOG WITH R/W AS DES IN BK 2937-86
Heating & Cooling
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Heating:Forced Air
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Cooling:None
Utilities
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Sewer:Community Sewer
Schools
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Elementary School:Taylor
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Elementary School District:Colorado Springs 11
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Middle Or Junior School:North
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Middle Or Junior School District:Colorado Springs 11
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High School:Palmer
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High School District:Colorado Springs 11
The Community
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Subdivision Name:Colo Spgs
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Senior Community:false
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Association:false
Parking
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Parking Total:4
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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).