3146–3152 W Colorado Ave

3146–3152 West Colorado Avenue is a well-maintained 15-unit multifamily property located in the 

desirable Westside submarket of Colorado Springs, CO. Offered at $1,725,000, the property is priced at 

a 6.0% cap rate with a Year 1 NOI of approximately $103,152. The unit mix consists of six studio units, 

seven one-bedroom units, and two two-bedroom units, providing a diversified rent roll that appeals to a 

broad tenant base. Ownership has invested over $92,000 in capital improvements since 2021, including 

major parking lot upgrades, new boilers, exterior paint and siding, updated signage, lighting, flooring, and 

enhanced security features. With these improvements in place and strong area demand, the property 

presents investors with reliable in-place income and additional upside in one of Colorado Springs’ most 

desirable neighborhoods.