33 University Drive Colorado Springs, CO $ 690,000
33 University Drive
$ 690,000
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33 University Drive

Colorado Springs, CO, 80910
$ 690,000
Bedrooms8 Baths4.0 Sq 3,111

Monthly Estimate*

$ 4,248

Listed by Cushman & Wakefield
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Multi-Family Home for sale in Colorado Springs, CO

for $690,000 with 8 bedrooms and 4 full baths. This 3,111 square foot home was built in 1969.

33 University Drive is a well-positioned 4-unit multifamily asset located in the Southeast Colorado Springs submarket. This investment offers investors a balance of in-place cash flow paired with recent renovation upside. Originally constructed in 1969 and renovated in 2021, the property consists of 3,111 square feet across four units, all configured as 2-bedroom, 1-bath layouts. The asset benefits from affordable rent positioning relative to the broader Colorado Springs market, strong tenant demand, and proximity to major retail, convenience & employment corridors. With continued population growth and rental demand in Colorado Springs, the property presents an opportunity for stable income with long-term appreciation potential.

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Multi-Family Active

Price

$ 690,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 1,408

Style

Quadruplex

Year Built

1969

Town/City

Colorado Springs

County/Region

El Paso

MLS | Web ID

3703452

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling None
Roof Membrane Rolled/Hot Mop
Zoning R5 AO
Garage Spaces 0
Construction Materials Brick Concrete
Exclusions All tenant(s) personal property.
Year Built 1969
Tenant Pays Electricity
Levels One
Property Subtype Quadruplex
Tax Year 2022
Ownership Individual
Gross Income 60963
County El Paso
Operating Expense 18612
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name Colorado Springs
Status Active
High School Doherty
City Colorado Springs
Senior Community Y/N N
High School District Colorado Springs 11
Carport Spaces 0
Listing Terms 1031 Exchange Cash Conventional
Elementary School Monroe
Tax Annual Amount 1408
Middle/Junior High School Holmes
Structure Type Quadruplex
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Colorado Springs 11
Elementary School District Colorado Springs 11
Cap Rate 6.13
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Interior
Basement Unfinished
Common Walls 2+ Common Walls
Basement (Y/N) Y
Above Grade Finished Area 3111
Laundry Features In Unit
Total Bedrooms 8
Below Grade Finished Area 0
Total Baths 4
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Exterior
Total Parking 8
Building Area Total 3111
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Internal Only
Street Number 1 33
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* Excluded Features
List By
Cushman & Wakefield

Broker

(719) 238-9074

Phone

Affordability Calculator

$4,366
Per Month
97%
3%
0%
Monthly Principal & Interest
$4,248
Monthly Property Taxes
$117
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
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Nearby
3733344 Elementary School
3043142 Middle School
Doherty High School High School
Pricing History
DatePricePrice ChangeDescription
4/16/2026$690,000 Listed Price

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33 University Drive, Colorado Springs, CO, 80910 is a Multi-Family Home for sale at $690,000 with 3,111 sqft. 33 University Drive has 8 bedrooms, 4.0 baths, and was built in 1969. The property's zip code is 80910 which is in Colorado Springs, CO