501 N Weber
Colorado Springs, CO 80903
Map
- – beds
- – baths
- 4,015 sqft
- 6,750 sqft lot
- $242 per sqft
- 1895 build
- – on site
Cushman & Wakefield is please to present 501 N Weber Street, which presents a rare opportunity to acquire a stabilized, value-add multifamily asset located in the highly desirable Downtown Colorado Springs submarket. The property comprises six residential units, including three studio apartments, one 1-bedroom unit, one 2-bedroom unit, and one 3-bedroom unit, offering a diverse mix, ideal for a broad tenant base. Positioned on a corner lot with off-street parking and a large fenced yard, the property delivers immediate curb appeal and functionality. Four of the six units feature private walk-out patios with unobstructed views of Pikes Peak, a unique amenity rarely found in downtown assets. Recent capital improvements—including a new water heater and newer roof—ensure a well-maintained, low-maintenance property that is poised for rent growth. Current in-place rents remain below market, allowing for upside potential through strategic unit renovations and lease turnover. Located just blocks from the core of Downtown Colorado Springs, the property benefits from strong walkability to restaurants, coffee shops, entertainment venues, and major employment hubs. As one of the fastest-growing cities in the U.S., Colorado Springs continues to attract renters with its affordability, access to nature, and expanding job market. Colorado Springs is experiencing sustained economic growth, supported by a diversified employment base including aerospace, defense, healthcare, and technology. With strong in-migration trends, low vacancy rates, and increasing rental demand, the market continues to favor multifamily investments. 501 N Weber is a clean, well-maintained asset offering immediate cash flow with long-term upside potential through operational efficiencies and unit upgrades. This is an ideal opportunity for both local and out-of-state investors seeking an urban-core asset with built-in appreciation potential.
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Last updated May 28, 2025
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MLS# 4096227 —
This property is listed in more than one place. See it here.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
