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Colorado Springs, CO 80910 33 University Dr

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Presented By: ;
  • MLS# 3703452
  • 04/16/2026
  • Request Tour
  • Request Info
  • Beds • 4
  • Baths • 2
  • SQFT • 3,111
  • Garage • 8

Home Details

33 University Drive is a well-positioned 4-unit multifamily asset located in the Southeast Colorado Springs submarket. This investment offers investors a balance of in-place cash flow paired with recent renovation upside. Originally constructed in 1969 and renovated in 2021, the property consists of 3,111 square feet across four units, all configured as 2-bedroom, 1-bath layouts. The asset benefits from affordable rent positioning relative to the broader Colorado Springs market, strong tenant demand, and proximity to major retail, convenience & employment corridors. With continued population growth and rental demand in Colorado Springs, the property presents an opportunity for stable income with long-term appreciation potential.
Presented By: ;

Interior Features for 33 University Dr

Bedrooms

Total Bedrooms8

Bathrooms

Total Baths4

Other Interior Features

LivingAreaSourceAssessor
Above Grade Finished Area3111
BasementUnfinished
Below Grade Finished Area

General for 33 University Dr

AttributionContactNic.Polaski@cushwake.com, 719-238-9074
Cap Rate6.13
CityColorado Springs
Construction MaterialsBrick, Concrete
CountyEl Paso
Elementary SchoolMonroe
ExclusionsAll tenant(s) personal property.
Expected Active Date 2026-04-16
Garage Spaces8
Gross Income60963
HOANo
HeatingForced Air
High SchoolDoherty
High School DistrictColorado Springs 11
LevelsOne
Living Area3111
MLS AreaOut of Area
Middle/Junior High SchoolHolmes
Net Operating Income42351
New ConstructionNo
Number Of Units Total4
Operating Expense18612
Property TypeResidential Income
RoofRubber, Flat
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameColorado Springs
Tax Annual Amount1408
Tax Year2022
Tenant PaysElectricity
UtilitiesMaster Meter-Gas, Separate Meter Electricity
Virtual TourClick here
Year Built1969
ZoningR5 AO

Exterior for 33 University Dr

Building Area Total3111
Parking FeaturesOff Street
Total Parking8
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Doherty High School
Elementary School Monroe Elementary School
Middle School Holmes Middle School

Nathan Washam

Broker/Owner
Price $690,000
MLS#3703452
List Date 04/16/2026
Property Type Income
Phone 970.988.8295
Request Tour
Request Info
Visit My Website

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