1512 & 1518 S Corona Avenue | Image 1
New
1512 & 1518 S Corona Avenue | Image 2
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1512 & 1518 S Corona Avenue | Image 7

$2,175,000

For Sale

5 hours ago

MLS® 9667530

0 Bed

0 Bath

--

40 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $1,966
Days Active 0
Approx. Age 1954
MLS® Number 9667530

Property Address: 1512 & 1518 S Corona Avenue, Colorado Springs, CO, 80905

Average square foot calculated using Size range provided by listing agent.

Description

1512 & 1518 S Corona Ave presents a rare opportunity to acquire a 14-unit stabilized multifamily asset in Colorado Springs, Colorado. This turnkey investment delivers immediate cash flow with institutional-quality operating performance, supported by a proven rent roll and exceptionally low expense structure. The property is fully occupied with 14 leased one-bedroom/one-bath units (420–450 SF). Trailing twelve-month financials reflect an attractive 8.8% in-place cap rate with an operating expense ratio of only 16%. All major capital improvements have been completed within the last 24 months, including new appliances, flooring, windows, doors, electrical upgrades (2025), and roof replacement on the 1518 building (2024). A RUB utility reimbursement system further enhances NOI stability and offsets operating costs. Located in one of Colorado’s fastest-growing markets, Colorado Springs benefits from a diverse employment base anchored by military and defense installations including Fort Carson, Peterson Space Force Base, and Schriever Space Force Base. This offering is ideally suited for cash-flow investors, owner-operators, and 1031 exchange buyers seeking stabilized income with embedded upside. Offering Memorandum and financials available on request.
MLS® Number9667530
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1954
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 4, 2026List Date
$2,175,000List Price
  • Commute

Commute

Starting Address
Destination Address
1512 & 1518 S Corona Avenue, Colorado Springs, CO

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