1512/1518 S Corona Avenue, Colorado Springs, CO 80905

Colorado Springs
Local realty services provided by:ERA Teamwork Realty
1512/1518 S Corona Avenue,Colorado Springs, CO 80905
$2,175,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: aaron moore
Office: better homes and gardens real estate kenney & company
MLS#:6028994
Source:CO_PPAR

Price summary

  • Price:$2,175,000

About this home

presents a rare opportunity to acquire a 14-unit stabilized multifamily asset in Colorado Springs, Colorado. This turnkey investment delivers immediate cash flow with institutional-quality operating performance, supported by a proven rent roll and exceptionally low expense structure. The property is fully occupied with 14 leased one-bedroom/one-bath units (420–450 SF). Trailing twelve-month financials reflect an attractive 8.8% in-place cap rate with an operating expense ratio of only 16%. All major capital improvements have been completed within the last 24 months, including new appliances, flooring, windows, doors, electrical upgrades (2025), and roof replacement on the 1518 building (2024). A RUB utility reimbursement system further enhances NOI stability and offsets operating costs. Located in one of Colorado’s fastest-growing markets, Colorado Springs benefits from a diverse employment base anchored by military and defense installations including Fort Carson, Peterson Space

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Home facts

  • Year built:1954
  • Listing ID #:6028994
  • Added:1 day(s) ago
  • Updated:March 04, 2026 at 11:40 PM

Rooms and interior

  • Kitchen Description:Dishwasher, Microwave Oven, Oven, Refrigerator
  • Basement Description:Partial Basement

Heating and cooling

  • Heating:Baseboard, Electric, Forced Air, Natural Gas

Structure and exterior

  • Roof:Composite Shingle
  • Year built:1954
  • Lot area:0.37 Acres
  • Construction Materials:Brick, Stone
  • Foundation Description:Crawl Space

Utilities

  • Water:Municipal

Finances and disclosures

  • Price:$2,175,000
  • Tax amount:$1,966 (2024)

Features and amenities

  • Laundry features:Common
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