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For sale
  • $660,000

    3006 & 3014 N Institute Street, Colorado Springs, CO 80907

    8beds
    4baths
    2,304sqft
    : 
    $4,089/mo
    Get pre-qualified
    Quadruplex
    Built in 1954
    -- sqft lot
    $-- Zestimate®
    $286/sqft
    $-- HOA

    What's special

    Single-story propertyEstablished residential setting
    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 Wagner 417-459-2155 lee.wagner@cushwake.com,

    Cushman & Wakefield

    Source: REcolorado as distributed by MLS GRID,MLS#: 2124802MLS Logo

      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

        Not available

        Estimated sales range

        Not available

        $1,711/mo

        Price history

        DateEventPrice
        8/24/2026Listed for sale$660,000-26.7%$286/sqft
        Source: REcolorado as distributed by MLS GRID #2124802 Report a problem
        11/18/2024Listing removed$900,000$391/sqft
        Source: elevateMLS #4594585 Report a problem
        9/19/2021Contingent$900,000$391/sqft
        Source: elevateMLS #4594585 Report a problem
        6/24/2021Listed for sale$900,000$391/sqft
        Source: elevateMLS #4594585 Report a problem
        6/8/2021Listing removed--
        Source: elevateMLS #4594585 Report a problem
        4/26/2021Listed for sale$900,000$391/sqft
        Source: elevateMLS #4594585 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Central Colorado Springs

        Getting around

        74 / 100
        Very Walkable
        28 / 100
        Some Transit
        68 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Edison
        • Middle: Mann
        • High: Coronado
        • District: Colorado Springs 11

        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.

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