16
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$975,000
Est. payment /mo
4,015 SqFt
Active
501 N Weber Colorado Springs, CO 80903
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Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Square Footage 4,015 sqft
Subdivision Central Colorado Springs
MLS Listing ID 4096227
HOA Y/N false
Abv Grd Liv Area 4,015
Year Built 1895
Annual Tax Amount $3,135
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Income Property
Source REcolorado
Property Description
Cushman & Wakefield is please to present 501 N Weber Street, which presents a rare opportunity to acquire a stabilized, value-add multifamily asset located in the highly desirable Downtown Colorado Springs submarket. The property comprises six residential units, including three studio apartments, one 1-bedroom unit, one 2-bedroom unit, and one 3-bedroom unit, offering a diverse mix, ideal for a broad tenant base. Positioned on a corner lot with off-street parking and a large fenced yard, the property delivers immediate curb appeal and functionality. Four of the six units feature private walk-out patios with unobstructed views of Pikes Peak, a unique amenity rarely found in downtown assets. Recent capital improvements-including a new water heater and newer roof-ensure a well-maintained, low-maintenance property that is poised for rent growth. Current in-place rents remain below market, allowing for upside potential through strategic unit renovations and lease turnover. Located just blocks from the core of Downtown Colorado Springs, the property benefits from strong walkability to restaurants, coffee shops, entertainment venues, and major employment hubs. As one of the fastest-growing cities in the U.S., Colorado Springs continues to attract renters with its affordability, access to nature, and expanding job market. Colorado Springs is experiencing sustained economic growth, supported by a diversified employment base including aerospace, defense, healthcare, and technology. With strong in-migration trends, low vacancy rates, and increasing rental demand, the market continues to favor multifamily investments. 501 N Weber is a clean, well-maintained asset offering immediate cash flow with long-term upside potential through operational efficiencies and unit upgrades. This is an ideal opportunity for both local and out-of-state investors seeking an urban-core asset with built-in appreciation potential.
Location
State CO
County El Paso
Area Out Of Area
Interior
Cooling Central Air
Exterior
Garage Spaces 15.0
Roof Type Fiberglass
Building
Story 2
Sewer Other Water/Sewer, Community
Water Other Water/Sewer
Level or Stories Two
Structure Type Concrete
New Construction false
Schools
Elementary Schools Taylor
Middle Schools North
High Schools Palmer
School District Colorado Springs 11
Others
Senior Community false
Special Listing Condition Private Owner
Listed by Nic Polaski • Cushman & Wakefield • Nic.Polaski@cushwake.com,719-238-9074