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Sold for $410,000
  • $410,000

    322 Saint Vrain, Colorado Springs, CO 80903

    --beds
    --baths
    2,572sqft
    Triplex
    Built in 1892
    -- sqft lot
    $480,200 Zestimate®
    $159/sqft
    $1,586 Estimated rent

    Home value

    $480,200

    $408,000 - $562,000

    $1,586/mo

    Zestimate® history
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    What's special

    Cushman and Wakefield is pleased to offer a rare opportunity to acquire a 3-unit multifamily property located at 322 E St Vrain Street in the heart of Downtown Colorado Springs. This well-located asset provides a blend of immediate income potential and long-term appreciation, making it a standout opportunity in a rapidly growing market. The property consists of three well-maintained units, offering a desirable mix of rental options. It is ideally situated for tenants who wish to live in close proximity to the dynamic energy of Downtown Colorado Springs. With rents below market rates, there is immediate potential to increase income by adjusting rents to reflect current market conditions. Situated in the heart of Downtown Colorado Springs, this property is just steps away from an abundance of dining, coffee shops, boutique retailers, and entertainment venues. The area is known for its lively atmosphere, rich cultural offerings, and unique shopping experiences, making it a highly desirable destination for residents. 322 E St Vrain Street represents a solid investment with the potential for both immediate cash flow and significant value appreciation. With under-market rents and long-term ownership, this property offers an ideal opportunity to increase rental income, creating substantial upside for a new owner. Its location in one of the most desirable and walkable neighborhoods in Colorado Springs, combined with the potential for rent growth, makes this asset a prime addition to any investor’s portfolio.

    Zillow last checked:

    Listing updated:

    Listed by:

    Nic Polaski 719-238-9074 Nic.Polaski@cushwake.com,

    Cushman & Wakefield

    Bought with:

    IRES Agent Non-REcolorado

    NON MLS PARTICIPANT

    Source: REcolorado as distributed by MLS GRID,MLS#: 6314533MLS Logo

    Facts & features

    Interior

    Heating
    • Forced Air
    Cooling
    • None
    Features
    • Has basement: No
    Interior area
    • Total structure area: 2,572
    • Total interior livable area: 2,572 sqft
    • Finished area above ground: 2,572

    Property

    Parking
    • Total spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    Details
    • Parcel number: 6407420022
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    Materials
    • Cement Siding
    Condition
    • Year built: 1892

    Community & HOA

    Community
    • Subdivision: Colo Spgs
    HOA
    • Has HOA: No
    Location
    • Region: Colorado Springs

    Financial & listing details

    • Price per square foot: $159/sqft
    • Tax assessed value: $533,000
    • Annual tax amount: $869
    • Date on market: 2/24/2025
    • Listing terms: 1031 Exchange,Cash,Conventional,FHA
    • Ownership: Individual

    Price history

    DateEventPrice
    5/1/2026Listing removed$1,500$1/sqft
    Source: Zillow Rentals Report a problem
    4/28/2026Price change$1,500-6.3%$1/sqft
    Source: Zillow Rentals Report a problem
    4/22/2026Price change$1,600+14.3%$1/sqft
    Source: Zillow Rentals Report a problem
    2/25/2026Listed for rent$1,400+51.4%$1/sqft
    Source: Zillow Rentals Report a problem
    5/8/2025Sold$410,000-3.5%$159/sqft
    Source: REcolorado as distributed by MLS GRID #6314533 Report a problem
    4/14/2025Pending sale$425,000$165/sqft
    Source: REcolorado as distributed by MLS GRID #6314533 Report a problem
    3/11/2025Listed for sale$425,000$165/sqft
    Source: REcolorado as distributed by MLS GRID #6314533 Report a problem
    2/27/2025Pending sale$425,000$165/sqft
    Source: REcolorado as distributed by MLS GRID #6314533 Report a problem
    2/24/2025Listed for sale$425,000+132.2%$165/sqft
    Source: REcolorado as distributed by MLS GRID #6314533 Report a problem
    6/3/2024Listing removed--
    Source: Zillow Rentals Report a problem
    5/29/2024Listed for rent$925-6.1%
    Source: Zillow Rentals Report a problem
    2/18/2024Listing removed--
    Source: Zillow Rentals Report a problem
    1/28/2024Listed for rent$985-6.2%
    Source: Zillow Rentals Report a problem
    12/23/2023Listing removed--
    Source: Zillow Rentals Report a problem
    11/8/2023Listed for rent$1,050
    Source: Zillow Rentals Report a problem
    3/27/2023Listing removed--
    Source: Zillow Rentals Report a problem
    3/20/2023Listed for rent$1,050
    Source: Zillow Rentals Report a problem
    9/28/2005Sold$183,000$71/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$1,621 +47.5%$35,710
    2023$1,099 -9.8%$35,710 +81.8%
    2022$1,219 $19,640 -4.9%
    2021-- $20,660 +16.9%
    2020$1,199 +0.5%$17,670
    2019$1,193 +10.6%$17,670 +13.9%
    2018$1,079 -5.3%$15,520
    2017$1,139 +5.6%$15,520 +25.2%
    2016$1,079 +50%$12,400
    2015$719 +4.9%$12,400 -16.4%
    2014$685 $14,840
    2013-- --
    2012-- $14,840
    2011$876 $14,840 -0.1%
    2010-- $14,850
    2009-- $14,850
    2008-- $14,850
    2006-- $14,850 +3.8%
    2004-- $14,310
    2003$835 +3.7%$14,310 -2.5%
    2002$805 +2%$14,680 +7.9%
    2001$789 $13,600
    Find assessor info on the county website

    Neighborhood: Central Colorado Springs

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Taylor
    • Middle: North
    • High: Palmer
    • 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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    Estimated market value
    $480,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $480,200