935 Hathaway Drive Colorado Springs, CO $ 670,000
935 Hathaway Drive
$ 670,000
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935 Hathaway Drive

Colorado Springs, CO, 80915
$ 670,000
Baths0.0 Sq 3,000

Monthly Estimate*

$ 4,230

Listed by MODUS Real Estate
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Studio

Multi-Family Home for sale in Colorado Springs, CO

for $670,000. This 3,000 square foot home was built in 1983.

MODUS Real Estate is pleased to present the opportunity to acquire 935 Hathaway Dr, a well maintained fourplex in the Cimarron Hills neighborhood of East Colorado Springs, within the Powers submarket and minutes from Peterson Space Force Base, Schriever Space Force Base, and the Colorado Springs Airport. The property consists of four 2 bed / 1 bath units, each approximately 750 square feet, across a 3,000 SF building on a 7,841 SF lot — an efficient, easily managed unit mix with proven long-term tenant demand. Distinct from a heavy value-add play, 935 Hathaway offers stabilized, in-place cash flow. All four units are currently leased and occupied, averaging $1,378.75 per month ($1.84/SF) and producing $66,180 in gross annual rent. In-place NOI of $42,807 represents a 6.39% going-in cap rate at the $670,000 asking price. Year 1 underwriting projects NOI rising to $44,967 (a 6.71% cap), driven by a utility bill-back program that recaptures a portion of the master-metered water and sewer expense — an operational improvement achievable without capital renovation. Built in 1984, the asset positions as an attractive core-plus opportunity for private investors and 1031 exchange buyers seeking durable workforce-housing yield.

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Multi-Family Active

Price

$ 670,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,934

Style

Quadruplex

Year Built

1983

Town/City

Colorado Springs

County/Region

El Paso

MLS | Web ID

2783225

Features
General
Sewer Public Sewer
Heating Baseboard
Cooling None
Roof Composition
Zoning RM-30 CAD-
Garage Spaces 0
Construction Materials Brick Wood Siding
Exclusions List to be provided by the seller if any
Year Built 1983
Levels Two
Property Subtype Quadruplex
Tax Year 2025
Ownership Individual
Gross Income 62871
County El Paso
Operating Expense 20064
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name Hathaway Subdivision No. 1
Status Active
High School Mitchell
City Colorado Springs
Senior Community Y/N N
High School District Colorado Springs 11
Carport Spaces 0
Listing Terms Cash Conventional FHA
Elementary School McAuliffe
Tax Annual Amount 2934
Middle/Junior High School Jenkins
Structure Type Quadruplex
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Colorado Springs 11
Elementary School District Colorado Springs 11
Cap Rate 6.39
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Interior
Basement Finished
Basement (Y/N) Y
Above Grade Finished Area 3000
Below Grade Finished Area 0
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Exterior
Total Parking 8
Building Area Total 3000
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Internal Only
Street Number 1 935
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* Excluded Features
List By
Modus Real Estate

Broker

(720) 496-8868

Phone

Affordability Calculator

$4,475
Per Month
95%
5%
0%
Monthly Principal & Interest
$4,230
Monthly Property Taxes
$245
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
3456669 Elementary School
3043426 Middle School
Mitchell High School High School
Pricing History
DatePricePrice ChangeDescription
8/3/2026$670,000 Listed Price

Map


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935 Hathaway Drive, Colorado Springs, CO, 80915 is a Multi-Family Home for sale at $670,000 with 3,000 sqft. 935 Hathaway Drive is a studio with 0.0 baths and was built in 1983. The property's zip code is 80915 which is in Colorado Springs, CO