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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

    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.

    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#: 6314533MLS Logo

    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
    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

    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