624 Prairie Road

Nestled in the heart of Colorado Springs, the area surrounding the property offers a vibrant lifestyle and diverse attractions. Just minutes away, visitors can explore the stunning rock formations at Garden of the Gods, enjoy outdoor adventures at Pikes Peak, or savor the local flavors along Tejon Street's dining and entertainment scene. With cultural institutions like the Colorado Springs Pioneers Museum and the Colorado Springs Fine Arts Center nearby, this location attracts residents and tourists alike. Investors seeking a prime location for Multifamily/High-Rise development will find the area's blend of natural beauty, urban amenities, and recreational opportunities a compelling draw for potential tenants.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.