33 University Drive, Colorado Springs, CO 80910

Colorado Springs
Local realty services provided by:ERA Shields Real Estate
33 University Drive,Colorado Springs, CO 80910
$690,000
Virtual Tour
  • 8 Beds
  • 4 Baths
  • 3,111 sq. ft.
  • Multi-family
  • Active
Listed by: lee wagner, lee wagner
Office: cushman & wakefield
MLS#:3703452
Source:ML

Price summary

  • Price:$690,000
  • Price per sq. ft.:$221.79

About this home

33 University Drive is a well-positioned 4-unit multifamily asset located in the Southeast Colorado Springs submarket. This investment offers investors a balance of in-place cash flow paired with recent renovation upside. Originally constructed in 1969 and renovated in 2021, the property consists of 3,111 square feet across four units, all configured as 2-bedroom, 1-bath layouts. The asset benefits from affordable rent positioning relative to the broader Colorado Springs market, strong tenant demand, and proximity to major retail, convenience & employment corridors. With continued population growth and rental demand in Colorado Springs, the property presents an opportunity for stable income with long-term appreciation potential.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1969
  • Subdivision & Development:Colorado Springs
  • Listing ID #:3703452

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:3,111 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Membrane, Rolled/Hot Mop
  • Year built:1969
  • Building area:3,111 sq. ft.
  • Construction Materials:Brick, Concrete
  • Levels:1 Story

Schools

  • High school:Doherty
  • Middle school:Holmes
  • Elementary school:Monroe

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$690,000
  • Price per sq. ft.:$221.79
  • Tax amount:$1,408 (2022)

Features and amenities

  • Laundry features:In Unit

Parking

  • Total parking spaces:8
MLS LogoBased on information submitted to the MLS GRID as of August 16, 2026 02:39 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

New listings near 33 University Drive