624 Prairie Road, Colorado Springs, CO for sale

Investment Overview

Offered for sale is a well-located multifamily asset at 624 Prairie Rd in the heart of Colorado Springs, CO. This property consists of two buildings totaling approximately 4,708 square feet of rentable space, situated on an 11,250 square foot lot. Built in 1952, the buildings feature stucco exterior construction with pitched composition shingle roofs and a two-story configuration. The unit mix includes a total of eight units, comprised of six one-bedroom, one-bath units and two two bedroom, one-bath units. The property also includes one garage parking space. 624 Prairie Rd is situated just a few blocks from the U.S. Olympic Training Center and Boulder Park, offering tenants access to outdoor recreation, green space, and one of the city’s most prominent athletic landmarks. This proximity enhances both tenant desirability and long-term investment appeal. With solid in-place fundamentals and room for operational upside, this asset presents a compelling opportunity for investors seeking stable returns and value-add potential in a strong rental submarket of Colorado Springs.

Investment Highlights

• RECENT CAPITAL IMPROVEMENTS
• 2025
• • New Sewer Cleanouts
• • New Hot Water Heater
• • New Coin Operated Washer and Dryers
• 2021- 2022
• • Electrical Service Upgrade and New Panels in Each Unit
• 2021
• • New Boiler