1512-1518 S Corona Avenue Colorado Springs, CO $ 2,300,000
1512-1518 S Corona Avenue
$ 2,300,000
Share Save

1512-1518 S Corona Avenue

Colorado Springs, CO, 80905
$ 2,300,000
Bedrooms-- Baths-- Sq 6,055

Monthly Estimate*

$ 14,349

Listed by Allen Realty
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 1
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 2
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 3
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 4
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 5
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 6
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 7
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 8
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 9
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 10
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 11
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 12
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 13
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 14
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 15
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 16
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 17
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 18
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 19
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 20
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 21
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 22
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 23
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 24
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 25
1512-1518 S Corona Avenue, Colorado Springs, CO 80905 - Image 26

Commercial Property for sale in Colorado Springs, CO

for $2,300,000. This 6,055 square foot building was built in 1954 on a lot size of 0.74.

The property features 14 ground level rental units, truly a turnkey rental property All units are updated and in great condition with low maintenance stucco and brick exterior. Separate laundry facilities for each building and plenty of quiet, shaded off street parking make this a very attractive property for those who live here. Close to downtown and I-25 as well as all the new commercial development on South Nevada. With a school across the street, this out of the way part of town is quiet and comfortable. Owner has added LOMA Certification to reduce insurance, ductless AC for all units, and working on a grant to improve sidewalks. All these changes will benefit the new owner.

See more

Commercial Active

Price

$ 2,300,000

Property Type

Commercial

Taxes

$ 1,966

Style

Mid-Century Modern

Lot Size

0.74

Year Built

1954

Town/City

Colorado Springs

County/Region

El Paso

MLS | Web ID

5582538

Features
General
Sewer Public Sewer
Utilities Electricity Available Natural Gas Available Phone Available
Possession Closing/DOD
Roof Composition
Zoning mx-5
Garage Spaces 0
Architectural Style Mid-Century Modern
Construction Materials Frame
Year Built 1954
Electric 110V
Tenant Pays Cable TV Electricity Gas Internet Water
Stories Count 1
Property Subtype Multi Family
Tax Year 2024
Current Use Multi-Family
Gross Income 209100
Building Name 1512 s corona ave colorado springs co 80905
County El Paso
Operating Expense 48100
Property Type Commercial Sale
Attached Garage N
Building Features Laundry
Status Active
Directions From I-25 take Nevada Ave South. Turn left on Brookside then right on S Corona Ave. Destination will be on the right.
City Colorado Springs
Number Of Units Total 14
Lot Size Units Acres
Lot Size Square Feet 32234.4
Carport Spaces 0
Listing Terms Cash Conventional Owner Will Carry
Tax Annual Amount 1966
Lease Considered Y/N N
Structure Type Free Standing
Standard Status Active
Occupancy Type Tenant
Cap Rate 6.56
See more
Exterior
Water Source Public
Total Parking 20
Lot Size Area 0.74
Building Area Total 6055
Lot Size Acres 0.74
Road Surface Type Gravel
Road Frontage Type Public
Road Responsibility Public Maintained Road
See more
Internal Only
Street Number 1 1512
See more
* Excluded Features
List By
Allen Realty

Broker

(720) 530-5176

Phone

Affordability Calculator

$14,513
Per Month
99%
1%
0%
Monthly Principal & Interest
$14,349
Monthly Property Taxes
$164
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/7/2025$2,300,000 Listed Price

Map


See all

1512-1518 S Corona Avenue, Colorado Springs, CO, 80905 is a Commercial Property for sale at $2,300,000 with 6,055 sqft and a lot size of 0.74. 1512-1518 S Corona Avenue was built in 1954. The property's zip code is 80905 which is in Colorado Springs, CO