Cushman & Wakefield presents 340 Gahart Drive, an opportunity to acquire a well-located four-unit multifamily asset in one of Colorado Springs' established residential neighborhoods. The property offers investors the benefits of a smaller apartment community with streamlined management, diversified income from four rental units, and strong long-term demand driven by the city's continued population and employment growth. The building features two units with desirable 3BD/1BA and two units with 2BD/1BA.
Positioned with convenient access to both South Academy and Powers Blvd corridors, major employment centers such as Amazon Distribution Warehouse, shopping, dining, schools, and countless recreational amenities, the property is well situated to attract a broad tenant base. Colorado Springs continues to experience healthy economic expansion fueled by the defense, aerospace, healthcare, technology, and education sectors, supporting consistent demand for quality rental housing throughout the region.
Whether added to an existing portfolio or acquired as a standalone investment, 340 Gahart Drive offers an attractive combination of location, income potential, and long-term appreciation within one of Colorado's most resilient multifamily markets.
Lease Information: Unit 1- Lease Expires 8/7/26, Unit 2- Lease Expires 11/15/2026, Unit 3- Vacant, Unit 4- Lease Expires 2/28/27
26 days
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303
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30
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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#: 9848883
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 10
Bathrooms: 4
Heating
Natural Gas
Cooling
None
Features
Has basement: No
Interior area
Total structure area: 3,672
Total interior livable area: 3,672 sqft
Finished area above ground: 3,672
Property
Parking
Total spaces: 8
Details: Off Street Spaces: 8
Features
Levels: Two
Stories: 2
Details
Parcel number: 6414414008
Zoning: R-5 AO
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Quadruplex
Attached to another structure: Yes
Materials
Frame
Roof: Composition
Condition
Year built: 1972
Utilities & green energy
Sewer: Public Sewer
Community & HOA
Community
Subdivision: Eastborough
HOA
Has HOA: No
Location
Region: Colorado Springs
Financial & listing details
Price per square foot: $177/sqft
Tax assessed value: $731,789
Annual tax amount: $2,307
Date on market: 7/17/2026
Listing terms: Cash,Conventional,FHA,VA Loan
Exclusions: All Personal Property Owned By Tenant(S)
Ownership: Individual
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/17/2026
Listed for sale
$649,000-7.2%$177/sqft
Source: REcolorado as distributed by MLS GRID #9848883Report 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.