2625 Ore Mill Road Colorado Springs, CO $ 4,000,000
2625 Ore Mill Road
$ 4,000,000
Recently Listed Adult Community
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2625 Ore Mill Road

Colorado Springs, CO, 80904
$ 4,000,000
Bedrooms54 Baths54.0 Sq 22,068

Monthly Estimate*

$ 27,627

Listed by Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
2625 Ore Mill Road, Colorado Springs, CO 80904 - Image 1
2625 Ore Mill Road, Colorado Springs, CO 80904 - Image 2
2625 Ore Mill Road, Colorado Springs, CO 80904 - Image 3
2625 Ore Mill Road, Colorado Springs, CO 80904 - Image 4
2625 Ore Mill Road, Colorado Springs, CO 80904 - Image 5
2625 Ore Mill Road, Colorado Springs, CO 80904 - Image 6

Multi-Family Home for sale in Colorado Springs, CO

for $4,000,000 with 54 bedrooms and 54 full baths. This 22,068 square foot home was built in 1983.

Parker Place Apartments is a 54-unit, fully renovated and 100% occupied multifamily community in Colorado Springs. Offered at $4.0 million, or approximately $74,074 per unit, the property provides an attractive low-basis investment with an 8.32% going-in cap rate, increasing to 9.15% in Year 1, and projected double-digit cash-on-cash returns. Catering primarily to 55+ and veteran residents while remaining open to the broader rental market, Parker Place combines stabilized cash flow, minimal near-term capital needs, and a differentiated resident profile.

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Multi-Family Active

Price

$ 4,000,000

Bedrooms

54

Full Bath

54

Property Type

Multi-Family

Taxes

$ 34,180

Style

Quadruplex

Year Built

1983

Town/City

Colorado Springs

County/Region

El Paso

MLS | Web ID

5902137

Features
General
Living Area 22068
Sewer Public Sewer
Heating Forced Air
Cooling Air Conditioning-Room
Roof Other
Zoning MX-M HS P
Garage Spaces 0
Construction Materials Stucco
Year Built 1983
Levels One
Property Subtype Quadruplex
Parcel Number 74113-10-015
County El Paso
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name Midland Greens
High School Coronado
City Colorado Springs
Senior Community Y/N Y
High School District Colorado Springs 11
Carport Spaces 0
Elementary School Midland
Property Attached Y/N N
Tax Annual Amount 34180
Middle/Junior High School Holmes
Standard Status Active
Middle/Junior School District Colorado Springs 11
Elementary School District Colorado Springs 11
Freehold IDX
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Interior
Total Bedrooms 54
Total Baths 54
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* Excluded Features
List By
Marcus & Millichap Real Estate Investment Services Of Atlanta, Inc.

Broker

charles.burkhart@marcusmillichap.com,214-336-6064

Contact

Affordability Calculator

$30,475
Per Month
91%
9%
0%
Monthly Principal & Interest
$27,627
Monthly Property Taxes
$2,848
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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.
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Nearby
3894207 Elementary School
3043142 Middle School
Coronado High School High School
Pricing History
DatePricePrice ChangeDescription
11/12/2026$4,000,000 Listed Price

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2625 Ore Mill Road, Colorado Springs, CO, 80904 is a Multi-Family Home for sale at $4,000,000 with 22,068 sqft. 2625 Ore Mill Road has 54 bedrooms, 54.0 baths, and was built in 1983. The property's zip code is 80904 which is in Colorado Springs, CO