REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,050,000
Est. payment /mo
New
1518 N Wahsatch AVE Colorado Springs, CO 80907
5,700 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,700 sqft
Price per Sqft $184
MLS Listing ID 9481962
HOA Y/N No
Year Built 1899
Annual Tax Amount $1,501
Tax Year 2024
Lot Size 0.386 Acres
Acres 0.39
Property Sub-Type Multi Family
Source recolorado
Property Description
1518 N Wahsatch Avenue is a centrally located multifamily investment opportunity positioned within the highly desirable Old North End. The property benefits from strong renter demand driven by its proximity to Downtown Colorado Springs, Colorado College, major employment centers, and recreational amenities throughout the urban core. The surrounding neighborhood offers a blend of historic charm, walkability, and access to dining, retail, and outdoor recreation that continues to attract young professionals, students, military-affiliated tenants, and long-term residents. The area has experienced ongoing residential and mixed-use investment activity as population growth and housing demand continue to support rental fundamentals across the city.
This 7-unit property features a desirable unit mix of (5) two bed and (2) one bed units. This is a rare downtown asset on a large 16,000 SF lot with off street parking and additional garage spaces for tenants. The property has been self-managed for over 30+ years and presents operational upside through recapturing $150+ rental premiums on the flexible month-to-month leases day one.
Investment Highlights: -Premier Downtown location blocks from Colorado College with walkability to Downtown Colorado Springs
-Operational value add with current rents providing $150-$250 premiums as the flexible leases turn
-Well maintained legacy asset with long-term attentive owners
-Desirable unit mix of primarily 2 bedroom units
-Rare opportunity to acquire a Downtown asset with large lot, off street parking, and 6 garages
This 7-unit property features a desirable unit mix of (5) two bed and (2) one bed units. This is a rare downtown asset on a large 16,000 SF lot with off street parking and additional garage spaces for tenants. The property has been self-managed for over 30+ years and presents operational upside through recapturing $150+ rental premiums on the flexible month-to-month leases day one.
Investment Highlights: -Premier Downtown location blocks from Colorado College with walkability to Downtown Colorado Springs
-Operational value add with current rents providing $150-$250 premiums as the flexible leases turn
-Well maintained legacy asset with long-term attentive owners
-Desirable unit mix of primarily 2 bedroom units
-Rare opportunity to acquire a Downtown asset with large lot, off street parking, and 6 garages
Location
State CO
County El Paso
Zoning R-4
Interior
Fireplace N
Exterior
Garage Spaces 6.0
Roof Type Composition
Total Parking Spaces 14
Garage No
Building
Sewer Community Sewer
Water Public
Structure Type Frame
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
© 2026 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Cushman & Wakefield