USACOColorado SpringsTamarack South4310 Loomis Ave

4310 Loomis Ave, Colorado Springs, CO

House

For Sale

Listed price in listed location currency (USD).

$530,000

1046

MLS® 8938940

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 3908 sqft

Garage Yes

Taxes $2,645

Days Active 9

Lot Size

Approx. Age 1972

Avg. Price Per Sqft $135

MLS® Number 8938940

Property Address: 4310 Loomis Ave, Colorado Springs, CO, 80906-5212

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

Description

Cash flow meets Colorado charm at 4310 Loomis Ave, Colorado Springs, CO 80906. This 10-bed, 4-bath fourplex in unincorporated El Paso County is a versatile income-producing asset with multiple exit strategies. Two 3-bedroom units and two 2-bedroom units provide a strong, efficient layout. Previously operated as successful short-term rentals, the property can remain STR or convert to long-term rentals. Currently, 3 of 4 units are month-to-month, allowing immediate repositioning and rent optimization. Built in 1972, the property features solid construction and functional layouts with predictable maintenance and strong tenant appeal. Current income is $5, 400/month ($64, 800/year) supporting an estimated ~9.8% in-place cap rate. One 3-bedroom unit is vacant and STR-ready, offering immediate upside. Projected income is $8, 400+/month ($100, 800/year) supporting an estimated ~15%+ stabilized cap rate through rent increases, lease-up of the vacant unit, and correction of below-market rents. Additional NOI upside exists through utility bill-back, laundry income, and operational efficiencies. Value-add is a key driver as utilities and WiFi are currently owner-paid, and shifting this to tenants increases NOI immediately, with additional upside from coin-operated laundry and operational improvements. The oversized lot allows for additional parking or future expansion, while seasonal demand supports strong STR performance and occupancy. Location is key-minutes from Broadmoor World Arena, Cheyenne Mountain State Park, and central Colorado Springs, with strong tenant demand from employers and military bases. To respect tenant privacy, all units will be available only during Open House Saturday 4/25 from 1-3 PM and during scheduled inspections, with individual showings limited to Unit 2 (vacant 3BR only). Bottom line: cash flow now, upside tomorrow-flexible asset with clear execution path.

MLS® Number8938940

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1972

BasementCrawl Space

DrivewayOff Street

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 19, 2026List Date

$530,000List Price

Commute

Commute

Starting Address

Destination Address

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