Cushman and Wakefield is pleased to offer a rare opportunity to acquire a 3-unit multifamily property located at 322 E St Vrain Street in the heart of Downtown Colorado Springs. This well-located asset provides a blend of immediate income potential and long-term appreciation, making it a standout opportunity in a rapidly growing market.
The property consists of three well-maintained units, offering a desirable mix of rental options. It is ideally situated for tenants who wish to live in close proximity to the dynamic energy of Downtown Colorado Springs. With rents below market rates, there is immediate potential to increase income by adjusting rents to reflect current market conditions.
Situated in the heart of Downtown Colorado Springs, this property is just steps away from an abundance of dining, coffee shops, boutique retailers, and entertainment venues. The area is known for its lively atmosphere, rich cultural offerings, and unique shopping experiences, making it a highly desirable destination for residents.
322 E St Vrain Street represents a solid investment with the potential for both immediate cash flow and significant value appreciation. With under-market rents and long-term ownership, this property offers an ideal opportunity to increase rental income, creating substantial upside for a new owner. Its location in one of the most desirable and walkable neighborhoods in Colorado Springs, combined with the potential for rent growth, makes this asset a prime addition to any investor’s portfolio.
Sold for $410,000 on 05/08/25
$410,000
322 Saint Vrain, Colorado Springs, CO 80903
--beds
--baths
2,572sqft
Triplex
Built in 1892
-- sqft lot
$415,300 Zestimate®
$159/sqft
$1,987 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 08, 2025 at 10:55am
Listed by:
Nic Polaski 719-238-9074,
Cushman & Wakefield
Bought with:
IRES Agent Non-REcolorado
NON MLS PARTICIPANT
Source: REcolorado,MLS#: 6314533

Facts & features
Interior
Heating
- Forced Air
Cooling
- None
Features
- Has basement: No
Interior area
- Total structure area: 2,572
- Total interior livable area: 2,572 sqft
- Finished area above ground: 2,572
Property
Parking
- Total spaces: 4
Features
- Levels: Two
- Stories: 2
Details
- Parcel number: 6407420022
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Cement Siding
Condition
- Year built: 1892
Community & neighborhood
Location
- Region: Colorado Springs
- Subdivision: Colo Spgs
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional,FHA
- Ownership: Individual
Services availability
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Estimated market value
$415,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$415,300