33 University Drive, Colorado Springs, CO 80910

Colorado Springs
Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
33 University Drive,Colorado Springs, CO 80910
$690,000
Virtual Tour
  • 8 Beds
  • 4 Baths
  • 3,111 sq. ft.
  • Multi-family
  • Active
Listed by: lee wagner, lee wagner
Office: cushman & wakefield
MLS#:3703452
Source:ML

Price summary

  • Price:$690,000
  • Price per sq. ft.:$221.79

About this home

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.

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Home facts

  • Year built:1969
  • Subdivision & Development:Colorado Springs
  • Listing ID #:3703452

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:3,111 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Membrane, Rolled/Hot Mop
  • Year built:1969
  • Building area:3,111 sq. ft.
  • Construction Materials:Brick, Concrete
  • Levels:1 Story

Schools

  • High school:Doherty
  • Middle school:Holmes
  • Elementary school:Monroe

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$690,000
  • Price per sq. ft.:$221.79
  • Tax amount:$1,408 (2022)

Features and amenities

  • Laundry features:In Unit

Parking

  • Total parking spaces:8
MLS LogoBased on information submitted to the MLS GRID as of August 14, 2026 02:22 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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