Marcus & Millichap is pleased to present the exclusive opportunity to acquire 2481 and 2521 Astrozon Circle, two adjacent multifamily properties located in the high-demand Southeast submarket of Colorado Springs. Offered together or separately at a combined price of $1,275,000, these properties feature a total of eight units, seven of which have been recently renovated with updated flooring, modernized kitchens and bathrooms, and fresh interior finishes that appeal to today’s renters. Six of the eight units have also been upgraded with mini-split air conditioning systems, offering enhanced climate control and energy efficiency.
This is a compelling operational value-add investment. The current owner has already completed nearly all of the interior capital improvements required to bring the properties up to market standards, significantly reducing the need for further capital expenditures in the near term. With the units in great condition and rents currently below market, there is immediate upside potential through lease turnover and rent increases, allowing a new investor to drive revenue growth without the burden of heavy renovation costs.
Situated in a well-established rental corridor near schools, shopping centers, public transportation, and major employment hubs, both properties are ideally located to attract and retain quality tenants. For investors seeking a clean, low-maintenance multifamily opportunity with in-place cash flow and strong rent growth potential, 2481 and 2521 Astrozon Circle offer a rare combination of stability and upside in one of Colorado’s most dynamic rental markets.
For sale
$650,000
2521 Astrozon Circle, Colorado Springs, CO 80916
--beds
--baths
3,536sqft
Est.:
Quadruplex
Built in 1984
-- sqft lot
$526,800 Zestimate®
$184/sqft
$-- HOA
What's special
Modernized kitchensFresh interior finishesMini-split air conditioning systemsUpdated flooringInterior capital improvements
- 1 day
- on Zillow |
- 19 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 02:24pm
Listed by:
Andrew Stephens 303-328-2034 andrew.stephens@marcusmillichap.com,
Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
Source: REcolorado,MLS#: 8059195

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Facts & features
Interior
Heating
- Forced Air
Cooling
- Central Air
Features
- Has basement: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,536
- Total interior livable area: 3,536 sqft
- Finished area above ground: 3,536
Property
Features
- Levels: Two
- Stories: 2
Details
- Parcel number: 6426419004
- Zoning: R5 AO
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Wood Siding
- Roof: Other
Condition
- Year built: 1984
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: Pikes Peak Park Sub No 28 Resub Of Lot 1
HOA
- Has HOA: No
Location
- Region: Colorado Springs
Financial & listing details
- Price per square foot: $184/sqft
- Tax assessed value: $541,967
- Annual tax amount: $1,942
- Date on market: 8/4/2025
- Listing terms: Conventional
- Ownership: Individual
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