Marcus & Millichap is pleased to present the exclusive opportunity to acquire 2481 and 2521 Astrozon Circle, two adjacent multifamily properties located in the high-demand Southeast submarket of Colorado Springs. Offered together or separately at a combined price of $1,275,000, these properties feature a total of eight units, seven of which have been recently renovated with updated flooring, modernized kitchens and bathrooms, and fresh interior finishes that appeal to today’s renters. Six of the eight units have also been upgraded with mini-split air conditioning systems, offering enhanced climate control and energy efficiency.
This is a compelling operational value-add investment. The current owner has already completed nearly all of the interior capital improvements required to bring the properties up to market standards, significantly reducing the need for further capital expenditures in the near term. With the units in great condition and rents currently below market, there is immediate upside potential through lease turnover and rent increases, allowing a new investor to drive revenue growth without the burden of heavy renovation costs.
Situated in a well-established rental corridor near schools, shopping centers, public transportation, and major employment hubs, both properties are ideally located to attract and retain quality tenants. For investors seeking a clean, low-maintenance multifamily opportunity with in-place cash flow and strong rent growth potential, 2481 and 2521 Astrozon Circle offer a rare combination of stability and upside in one of Colorado’s most dynamic rental markets.
Sold for $625,000 on 09/12/25
$625,000
2481 Astrozon Circle, Colorado Springs, CO 80916
--beds
--baths
3,536sqft
Quadruplex
Built in 1984
-- sqft lot
$618,700 Zestimate®
$177/sqft
$1,584 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 17, 2025 at 09:51am
Listed by:
Andrew Stephens 303-328-2034 andrew.stephens@marcusmillichap.com,
Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
Bought with:
PPAR Agent Non-REcolorado
NON MLS PARTICIPANT
Source: REcolorado,MLS#: 1929098
Facts & features
Interior
Heating
- Forced Air
Cooling
- Has cooling: Yes
Features
- Has basement: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,536
- Total interior livable area: 3,536 sqft
- Finished area above ground: 3,536
Property
Features
- Levels: Two
- Stories: 2
Details
- Parcel number: 6426419005
- Zoning: R5 AO
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Wood Siding
- Roof: Other
Condition
- Year built: 1984
Utilities & green energy
- Sewer: Public Sewer
Community & neighborhood
Location
- Region: Colorado Springs
- Subdivision: Pikes Peak Park Sub No 28 Resub Of Lot 1
Other
Other facts
- Listing terms: Conventional
- Ownership: Individual
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Estimated market value
$618,700