2913 Sage ST, Colorado Springs, CO 80907
2913 Sage ST, Colorado Springs, CO 80907
2913 Sage ST, Colorado Springs, CO 80907
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Justin Morgan

Justin Morgan

+1(720) 893-2278
$695,000
Est. payment /mo
3,456 SqFt
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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,456 sqft

Price per Sqft $201

MLS Listing ID 5480665

HOA Y/N No

Year Built 1972

Annual Tax Amount $2,540

Tax Year 2025

Lot Size 7,840 Sqft

Acres 0.18

Property Sub-Type Multi Family

Source recolorado

Property Description

MODUS Real Estate is pleased to present 2913 Sage St, a five unit multifamily property located in one of the more desirable fourplex pockets on the west side of Colorado Springs. The building consists of a studio, three one bed one bath units, and a three bed one bath unit, offering a diversified rent roll anchored by a premium three bedroom.

This is a light value add opportunity where the major capital items have already been addressed. The roof is just two years old and was recently inspected. The boiler was replaced nine years ago, and the pump was replaced four years ago along with the expansion tank, auto fill valve, and air bleeder. All zone valves were replaced in the spring of 2026. A new hot water heater was installed in 2026, and the shower valves in apartment 3 were rebuilt. A new owner steps into a building where the expensive, unglamorous systems are already handled.

In place rents reflect a blended 14 percent loss to lease, giving a new owner immediate mark to market upside across the units. Paired with a light interior renovation program and the implementation of a utility billback system, a buyer can capture meaningful year one upside without a lengthy repositioning runway. Situated on the west side close to a variety of retail options, 2913 Sage St combines strong fundamentals with a clear path to increased cash flow.

Location

State CO

County El Paso

Zoning R-5 HS

Interior

Fireplace N

Exterior

Roof Type Composition

Total Parking Spaces 6

Garage No

Building

Sewer Public Sewer

Structure Type Frame

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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REColorado (REColorado MLS)
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by MODUS Real Estate

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Justin Morgan

Justin Morgan

+1(720) 893-2278

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