2625 Ore Mill, Colorado Springs, CO 80904

Colorado Springs
Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
2625 Ore Mill,Colorado Springs, CO 80904
$4,000,000
  • 54 Beds
  • 54 Baths
  • 22,068 sq. ft.
  • Multi-family
  • Active
Listed by: charles burkhart
Office: marcus & millichap real estate investment services of atlanta, inc.
MLS#:5902137
Source:ML

Price summary

  • Price:$4,000,000
  • Price per sq. ft.:$181.26

About this home

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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Home facts

  • Year built:1983
  • Subdivision & Development:Midland Greens
  • Listing ID #:5902137

Rooms and interior

  • Bedrooms:54
  • Total bathrooms:54
  • Living area:22,068 sq. ft.

Heating and cooling

  • Cooling:Air Conditioning-Room
  • Heating:Forced Air

Structure and exterior

  • Year built:1983
  • Building area:22,068 sq. ft.
  • Construction Materials:Stucco
  • Levels:1 Story

Schools

  • High school:Coronado
  • Middle school:Holmes
  • Elementary school:Midland

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$4,000,000
  • Price per sq. ft.:$181.26
  • Tax amount:$34,180
MLS LogoBased on information submitted to the MLS GRID as of November 12, 2026 11:44 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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