BEDS8
BATHS4
SQUARE FEET2,304
MLS#2124802
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONVenetian Village
SCHOOLColorado Springs 11
Listing Courtesy of:
Cushman & Wakefield
Agency Contact: lee.wagner@cushwake.com,417-459-2155
Property Description
3006 & 3014 North Institute Street presents an attractive multifamily investment opportunity consisting of two duplexes totaling four units and 2,304 square feet of building area in Colorado Springs. Built in 1954, this single-story property offers investors a straightforward four-unit configuration with an established residential setting and efficient building footprint. The two-duplex layout provides diversified rental income across four individual units each offering 2-Bedroom & 1-Bathroom units while maintaining a manageable scale for both hands-on and professional ownership.The property benefits from its location in Colorado Springs, one of Colorados largest and most dynamic metropolitan areas. Residents enjoy convenient access to major employment centers, retail, dining, recreation, educational institutions, and regional transportation corridors. The surrounding area provides an established residential environment with access to the broader amenities and economic drivers such as Roadhouse Cinemas, Vasa Fitness etc that continue to support demand for rental housing throughout the Colorado Springs market.For investors, 3006 & 3014 North Institute Street offers an opportunity to acquire a compact multifamily asset with four individual income-producing units and potential for future value enhancement. The property is also an excellent fit for an owner-occupant, with one unit currently vacant and ready for immediate move-in. Live in one unit while generating rental income from the remaining units, providing an attractive opportunity to offset housing costs while building long-term equity. The combination of existing cash-flow potential, owner-occupant flexibility, and opportunities to enhance long-term income and value makes this asset well suited for both investors and buyers looking to house hack in Colorado Springs.
Property Features
Property Type: Multi Unit - Multiple
Cooling: None
Heating: Forced Air
Home Style: Traditional
Roof Type: Composition
Stories: 1.0
Taxes: $1,525
Year Built: 1954
Amenities
Ceiling Fan(s)
Feature Descriptions
Appliances: Freezer, Oven, Range, Refrigerator
Baths Total: 4
Days on Site: 7
Exclusions: Tenants personal property.
Exterior: Frame
Flooring: Carpet, Tile
Laundry: In Unit
Parcel#: 63322-26-019
Patio/Porch: Patio
Sewer: Public Sewer
Water: Public
Local Schools
High School: Coronado
Middle School: Mann
Elementary School: Edison
School District: Colorado Springs 11
Listed By / Shown By
Listed By
Agency Name: Cushman & Wakefield
Agency Contact: lee.wagner@cushwake.com,417-459-2155
Shown By
Agent Name: Johnny Allen
Agent Phone: (408) 806-8577
Agency Title: The Cutting Edge, Realtors
Estimate Your Payment
Estimated Payment
$ 3,570.57 per month $3,250.99 Principal & Interest $127.08 Property Tax $192.50 Homeowner's InsuranceChange Payment Information
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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3006 & 3014 N Institute Street | MLS# 2124802
This multi-family property located at 3006 & 3014 N Institute Street , Colorado Springs, CO 80907 is currently listed for sale with an asking price of $660,000. & 3014 N Institute Street is located within the Colorado Springs 11 school district. Search Colorado Springs real estate on www.johnnyallenhomes.com today.