3006 & 3014 North Institute Street presents an attractive multifamily investment opportunity consisting of two duplexes totaling four units and 2,304 square feet of building area in Colorado Springs. Built in 1954, this single-story property offers investors a straightforward four-unit configuration with an established residential setting and efficient building footprint.… Read More The two-duplex layout provides diversified rental income across four individual units each offering 2-Bedroom & 1-Bathroom units with 2 of 3 current rents at $1,295 per month per unit, while maintaining a manageable scale for both hands-on and professional ownership.
The property benefits from its location in Colorado Springs, one of Colorado’s largest and most dynamic metropolitan areas. Residents enjoy convenient access to major employment centers, retail, dining, recreation, educational institutions, and regional transportation corridors. The surrounding area provides an established residential environment with access to the broader amenities and economic drivers such as Roadhouse Cinemas, Vasa Fitness etc that continue to support demand for rental housing throughout the Colorado Springs market.
For investors, 3006 & 3014 North Institute Street offers an opportunity to acquire a compact multifamily asset with four individual income-producing units and potential for future value enhancement. The property is also an excellent fit for an owner-occupant, with one unit currently vacant and ready for immediate move-in. Live in one unit while generating rental income from the remaining units, providing an attractive opportunity to offset housing costs while building long-term equity. The combination of existing cash-flow potential, owner-occupant flexibility, and opportunities to enhance long-term income and value makes this asset well suited for both investors and buyers looking to house hack in Colorado Springs. Read Less
Listing Snapshot
Days Online
57
Last Updated
Property Type
Quadruplex
Beds
8
Square Ft.
2,304
Year Built
1954
MLS Number
2124802
Additional Details
Appliances & Equipment
Freezer, Oven, Range, Refrigerator
Building
Built in 1954, Living area: 2304, Levels: One, Construction Materials: Frame
Cooling
None
Exterior Features
Patio/Porch Features: Patio
Floors
Carpet, Tile
Heating
Forced Air
Interior Features
Ceiling Fan(s)
Laundry
In Unit
Parking
4 total parking spaces
Roof
Composition
Sewer
Public Sewer
Taxes
Parcel Number: 63322-26-019, Annual Amount: $1,525, Legal Description: LOTS 17 & 18 BLK 2 VIRGINIA HOMES SUB ADD 3, Year: 2025, Zoning: R-5
Utilities
Water Source: Public
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Listings courtesy of METROLIST, INC., DBA RECOLORADO® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. 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 be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.