3006 & 3014 North Institute Street presents an attractive multifamily investment opportunity consisting of two duplexes totaling four units and 2,304 square feet of building area in Colorado Springs. Built in 1954, this single-story property offers investors a straightforward four-unit configuration with an established residential setting and efficient building footprint. The two-duplex layout provides diversified rental income across four individual units each offering 2-Bedroom & 1-Bathroom units while maintaining a manageable scale for both hands-on and professional ownership.
The property benefits from its location in Colorado Springs, one of Colorado’s largest and most dynamic metropolitan areas. Residents enjoy convenient access to major employment centers, retail, dining, recreation, educational institutions, and regional transportation corridors. The surrounding area provides an established residential environment with access to the broader amenities and economic drivers such as Roadhouse Cinemas, Vasa Fitness etc that continue to support demand for rental housing throughout the Colorado Springs market.
For investors, 3006 & 3014 North Institute Street offers an opportunity to acquire a compact multifamily asset with four individual income-producing units and potential for future value enhancement. The property is also an excellent fit for an owner-occupant, with one unit currently vacant and ready for immediate move-in. Live in one unit while generating rental income from the remaining units, providing an attractive opportunity to offset housing costs while building long-term equity. The combination of existing cash-flow potential, owner-occupant flexibility, and opportunities to enhance long-term income and value makes this asset well suited for both investors and buyers looking to house hack in Colorado Springs.
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Zillow last checked:
Listing updated:
Listed by:
Lee Wagner417-459-2155lee.wagner@cushwake.com,
Cushman & Wakefield
Source: REcolorado as distributed by MLS GRID,MLS#: 2124802
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 4
Heating
Forced Air
Cooling
None
Appliances
Included: Freezer, Oven, Range, Refrigerator
Laundry: In Unit
Features
Ceiling Fan(s)
Flooring: Carpet, Tile
Has basement: No
Common walls with other units/homes: 2+ Common Walls
Interior area
Total structure area: 2,304
Total interior livable area: 2,304 sqft
Finished area above ground: 2,304
Property
Parking
Total spaces: 4
Details: Off Street Spaces: 4
Features
Levels: One
Stories: 1
Patio & porch: Patio
Details
Parcel number: 6332226019
Zoning: R-5
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: Traditional
Property subtype: Quadruplex
Attached to another structure: Yes
Materials
Frame
Roof: Composition
Condition
Year built: 1954
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Subdivision: Venetian Village
HOA
Has HOA: No
Location
Region: Colorado Springs
Financial & listing details
Price per square foot: $286/sqft
Annual tax amount: $1,525
Date on market: 8/24/2026
Listing terms: Cash,Conventional,FHA,VA Loan
Exclusions: Tenants' Personal Property.
Ownership: Individual
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$1,711/mo
Price history
Date
Event
Price
8/24/2026
Listed for sale
$660,000-26.7%$286/sqft
Source: REcolorado as distributed by MLS GRID #2124802Report a problem
Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.