1518 N Wahsatch Avenue Colorado Springs, CO $ 1,050,000
1518 N Wahsatch Avenue
$ 1,050,000
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1518 N Wahsatch Avenue

Colorado Springs, CO, 80907
$ 1,050,000
Bedrooms-- Baths-- Sq 5,700

Monthly Estimate*

$ 6,465

Listed by Cushman & Wakefield
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Commercial Property for sale in Colorado Springs, CO

for $1,050,000. This 5,700 square foot building was built in 1899 on a lot size of 0.39.

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

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Commercial Active

Price

$ 1,050,000

Property Type

Commercial

Taxes

$ 1,501

Style

Lot Size

0.39

Year Built

1899

Town/City

Colorado Springs

County/Region

El Paso

MLS | Web ID

9481962

Features
General
Sewer Community Sewer
Possession Negotiable
Roof Composition
Zoning R-4
Garage Spaces 6
Construction Materials Frame
Year Built 1899
Property Subtype Multi Family
Tax Year 2024
Current Use Multi-Family
County El Paso
Property Type Commercial Sale
Attached Garage N
Status Active
Directions From I-25 take Exit 145 for Fillmore Street and head east on Fillmore Street. Continue approximately 1.5 miles then turn right onto North Wahsatch Avenue. Proceed south on North Wahsatch Avenue for a
City Colorado Springs
Number Of Units Total 7
Lot Size Units Square Feet
Lot Size Square Feet 16810
Carport Spaces 0
Listing Terms Cash Conventional
Tax Annual Amount 1501
Lease Considered Y/N N
Standard Status Active
Occupancy Type Tenant
Cap Rate 6.2
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Exterior
Water Source Public
Total Parking 14
Lot Size Area 16810
Building Area Total 5700
Lot Size Acres 0.39
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Internal Only
Street Number 1 1518
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* Excluded Features
List By
Cushman & Wakefield

Broker

(719) 238-9074

Phone

Affordability Calculator

$6,590
Per Month
98%
2%
0%
Monthly Principal & Interest
$6,465
Monthly Property Taxes
$125
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
6/4/2026$1,050,000 Listed Price

Map


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1518 N Wahsatch Avenue, Colorado Springs, CO, 80907 is a Commercial Property for sale at $1,050,000 with 5,700 sqft and a lot size of 0.39. 1518 N Wahsatch Avenue was built in 1899. The property's zip code is 80907 which is in Colorado Springs, CO