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2918 Sage ST Colorado Springs, CO 80907
3,705 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,705 sqft
Price per Sqft $182
Subdivision Mesa Springs
MLS Listing ID 7562140
HOA Y/N No
Year Built 1972
Lot Size 8,400 Sqft
Acres 0.19
Property Sub-Type Quadruplex
Property Description
Kaufman Hagan is pleased to present 2918 Sage St, a fully occupied fourplex in the Mesa Springs neighborhood on the westside of Colorado Springs. Positioned less than a quarter mile from I-25 and the W Fillmore St corridor, the property offers quick access to downtown, major employment centers, and nearby retail. It sits within an established pocket of multifamily on the west side that draws steady, long-term renter demand.
The property consists of two 2-bed/1-bath units and two 3-bed/1-bath units, offering 10 bedrooms across 3,705 SF. That's a larger bedroom count than the typical area fourplex (8/4), which appeals to a strong rental pool of roommates and families alike. Select units have LVP flooring and well-maintained kitchens and baths. The asset offers on-site laundry, off-street parking, and proximity to schools, retail, and recreation.
In-place rents sit roughly 25% below market, giving an incoming owner immediate mark-to-market upside. With two units on month-to-month terms, a new owner can capture that upside quickly rather than waiting out long-term leases. Additional up-side is available by standardizing the existing utility bill-back across all units and completing interior updates. 2918 Sage St offers a clear path to increased cash flow for owner-occupants, first-time investors, and 1031 buyers seeking value-add exposure in a proven west-side submarket.
The property consists of two 2-bed/1-bath units and two 3-bed/1-bath units, offering 10 bedrooms across 3,705 SF. That's a larger bedroom count than the typical area fourplex (8/4), which appeals to a strong rental pool of roommates and families alike. Select units have LVP flooring and well-maintained kitchens and baths. The asset offers on-site laundry, off-street parking, and proximity to schools, retail, and recreation.
In-place rents sit roughly 25% below market, giving an incoming owner immediate mark-to-market upside. With two units on month-to-month terms, a new owner can capture that upside quickly rather than waiting out long-term leases. Additional up-side is available by standardizing the existing utility bill-back across all units and completing interior updates. 2918 Sage St offers a clear path to increased cash flow for owner-occupants, first-time investors, and 1031 buyers seeking value-add exposure in a proven west-side submarket.
Location
State CO
County El Paso
Zoning R-5 HS
Interior
Heating Hot Water
Cooling Other
Exterior
Roof Type Unknown
Private Pool No
Building
Story Two
Sewer Public Sewer
Schools
School District Elementary: Colorado Springs 11, Middle/Junior: Colorado Springs 11, High: Colorado Springs 11
Others
Senior Community No
Tax ID 73361-03-024
Special Listing Condition None Known
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byKaufman Hagan
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