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Heather Truhan

heather@modusrealestate.com +1(720) 272-9299

$ 975,000

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501 N Weber Colorado Springs, CO 80903

6,750 SqFt

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 6,750 sqft

Price per Sqft $144

Subdivision Central Colorado Springs

MLS Listing ID 4096227

HOA Y/N No

Abv Grd Liv Area 4,015

Year Built 1895

Annual Tax Amount $3,135

Tax Year 2024

Lot Size 6,750 Sqft

Acres 0.15

Property Sub-Type Quadruplex

Source recolorado

Property Description

Cushman & Wakefield is please to present 501 N Weber Street, which presents a rare opportunity to acquire a stabilized, value-add multifamily asset located in the highly desirable Downtown Colorado Springs submarket. The property comprises six residential units, including three studio apartments, one 1-bedroom unit, one 2-bedroom unit, and one 3-bedroom unit, offering a diverse mix, ideal for a broad tenant base. Positioned on a corner lot with off-street parking and a large fenced yard, the property delivers immediate curb appeal and functionality. Four of the six units feature private walk-out patios with unobstructed views of Pikes Peak, a unique amenity rarely found in downtown assets. Recent capital improvements—including a new water heater and newer roof—ensure a well-maintained, low-maintenance property that is poised for rent growth. Current in-place rents remain below market, allowing for upside potential through strategic unit renovations and lease turnover. Located just blocks from the core of Downtown Colorado Springs, the property benefits from strong walkability to restaurants, coffee shops, entertainment venues, and major employment hubs. As one of the fastest-growing cities in the U.S., Colorado Springs continues to attract renters with its affordability, access to nature, and expanding job market. Colorado Springs is experiencing sustained economic growth, supported by a diversified employment base including aerospace, defense, healthcare, and technology. With strong in-migration trends, low vacancy rates, and increasing rental demand, the market continues to favor multifamily investments. 501 N Weber is a clean, well-maintained asset offering immediate cash flow with long-term upside potential through operational efficiencies and unit upgrades. This is an ideal opportunity for both local and out-of-state investors seeking an urban-core asset with built-in appreciation potential.

Location

State CO

County El Paso

Interior

Heating Floor Furnace

Cooling Central Air

Fireplace N

Exterior

Roof Type Shingle

Total Parking Spaces 15

Garage No

Building

Sewer Community Sewer

Level or Stories Two

Structure Type Concrete

Schools

Elementary Schools Taylor

Middle Schools North

High Schools Palmer

School District Colorado Springs 11

Others

Senior Community No

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA

Listing Terms 1031 Exchange, Cash, Conventional, FHA

Special Listing Condition None

Listed by Cushman & Wakefield

Heather Truhan

Broker Associate | License ID: 39099N

+1(720) 272-9299

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Heather Truhan

501 N Weber Colorado Springs, CO 80903

Key Details

Location

Interior

Exterior

Building

Schools

Others

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501 N Weber