935 Hathaway Drive, Colorado Springs, CO 80915

Colorado Springs
Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
935 Hathaway Drive,Colorado Springs, CO 80915
$670,000
  • - Beds
  • - Baths
  • 3,000 sq. ft.
  • Multi-family
  • Active
Listed by: andrew stephens
Office: modus real estate
MLS#:2783225
Source:ML

Price summary

  • Price:$670,000
  • Price per sq. ft.:$223.33

About this home

MODUS Real Estate is pleased to present the opportunity to acquire 935 Hathaway Dr, a well maintained fourplex in the Cimarron Hills neighborhood of East Colorado Springs, within the Powers submarket and minutes from Peterson Space Force Base, Schriever Space Force Base, and the Colorado Springs Airport. The property consists of four 2 bed / 1 bath units, each approximately 750 square feet, across a 3,000 SF building on a 7,841 SF lot — an efficient, easily managed unit mix with proven long-term tenant demand. Distinct from a heavy value-add play, 935 Hathaway offers stabilized, in-place cash flow. All four units are currently leased and occupied, averaging $1,378.75 per month ($1.84/SF) and producing $66,180 in gross annual rent. In-place NOI of $42,807 represents a 6.39% going-in cap rate at the $670,000 asking price. Year 1 underwriting projects NOI rising to $44,967 (a 6.71% cap), driven by a utility bill-back program that recaptures a portion of the master-metered water...

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Home facts

  • Year built:1983
  • Subdivision & Development:Hathaway Subdivision No. 1
  • Listing ID #:2783225

Rooms and interior

  • Basement:Yes
  • Basement Description:Finished
  • Living area:3,000 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1983
  • Building area:3,000 sq. ft.
  • Construction Materials:Brick, Wood Siding
  • Levels:2 Story

Schools

  • High school:Mitchell
  • Middle school:Jenkins
  • Elementary school:McAuliffe

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$670,000
  • Price per sq. ft.:$223.33
  • Tax amount:$2,934 (2025)

Parking

  • Total parking spaces:8
MLS LogoBased on information submitted to the MLS GRID as of August 7, 2026 02:26 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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