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8 Beds
4 Baths
2,304 sqft

$649,000

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

Price per sqft$281.68
Built in1954
Property size2,304 sqft
Property typeMulti-family

Overview

Active

Listed Aug 24, 2026

Updated 5 days ago

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 with 2 of 3 current rents at $1,295 per month per unit, 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.

$4,318/mo

Est. mortgage payment based on a $649,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2124802

Interior Features

Bedrooms
8
Bathrooms
4
Heating
Yes
Basement
No

Other Property Details

Taxes
$1,525
Tax Frequency
Annually
55+/Senior Community
No
MLS provider logo
Listed by Cushman & Wakefield, Lee Wagner, Listing Contact: [email protected],417-459-2155 
 

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