$695,000

2913 Sage Street, Colorado Springs CO, 80907

Price per sqftN/A

Built in1972

Property typeCommercial

Overview

Active

Listed Aug 19, 2026

Updated 9 days ago

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.

Additional information

MLS^® ID: 5480665

Interior Features

Basement: No

Exterior Features

Lot Size: 0.18 Acres

Other Property Details

Taxes: $2,540
Tax Frequency: Annually

Listed by MODUS Real Estate, Andrew Stephens, Listing Contact: [email protected],720-496-8868

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Data last updated 9:37 PM UTC, 9/29/2026

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