624 Prairie Road Colorado Springs, CO $ 920,000
624 Prairie Road
$ 920,000
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624 Prairie Road

Colorado Springs, CO, 80909
$ 920,000
Bedrooms-- Baths-- Sq 4,708

Monthly Estimate*

$ 5,665

Listed by Unique Properties LLC
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Commercial Property for sale in Colorado Springs, CO

for $920,000. This 4,708 square foot building was built in 1952.

Offered for sale is a well-located multifamily asset at 624 Prairie Rd in the heart of Colorado Springs, CO. This property consists of two buildings totaling approximately 4,708 square feet of rentable space, situated on an 11,250 square foot lot. Built in 1952, the buildings feature stucco exterior construction with pitched composition shingle roofs and a two-story configuration. The unit mix includes a total of eight units, comprised of six one-bedroom, one-bath units and two two bedroom, one-bath units. The property also includes one garage parking space. 624 Prairie Rd is situated just a few blocks from the U.S. Olympic Training Center and Boulder Park, offering tenants access to outdoor recreation, green space, and one of the city’s most prominent athletic landmarks. This proximity enhances both tenant desirability and long-term investment appeal. With solid in-place fundamentals and room for operational upside, this asset presents a compelling opportunity for investors seeking stable returns and value-add potential in a strong rental submarket of Colorado Springs.

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Commercial Active

Price

$ 920,000

Property Type

Commercial

Taxes

$ 4,366

Style

Free Standing

Year Built

1952

Town/City

Colorado Springs

County/Region

El Paso

MLS | Web ID

7536806

Features
General
Sewer Public Sewer
Possession Negotiable
Roof Composition
Zoning R-2
Garage Spaces 0
Construction Materials Brick Frame
Exclusions Tenant's personal property.
Year Built 1952
Tenant Pays Electricity
Property Subtype Multi Family
Tax Year 2024
Current Use Multi-Family
County El Paso
Property Type Commercial Sale
Attached Garage N
Status Active
City Colorado Springs
Number Of Units Total 8
Carport Spaces 0
Listing Terms Cash Conventional
Tax Annual Amount 4366
Structure Type Free Standing
Standard Status Active
Occupancy Type Tenant
Cap Rate 6.02
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Exterior
Water Source Public
Total Parking 0
Building Area Total 4708
Road Surface Type Paved
Road Frontage Type Public
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 624
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* Excluded Features
List By
Unique Properties Llc

Broker

(781) 733-3732

Phone

Affordability Calculator

$6,028
Per Month
94%
6%
0%
Monthly Principal & Interest
$5,665
Monthly Property Taxes
$364
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
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/14/2026$920,000 Listed Price

Map


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624 Prairie Road, Colorado Springs, CO, 80909 is a Commercial Property for sale at $920,000 with 4,708 sqft. 624 Prairie Road was built in 1952. The property's zip code is 80909 which is in Colorado Springs, CO