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For sale
  • $650,000

    2521 Astrozon Circle, Colorado Springs, CO 80916

    --beds
    --baths
    3,536sqft
    : 
    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
    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.
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    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#: 8059195MLS Logo
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    Next available tour time:Today at 11am

    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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