$9,607 Closing Credit¹
#5567151, Brent Demos, Listing Office: Demos Real Estate and Investments
#4096227·
Listing office: Cushman & Wakefield·
Listing agent: Nic Polaski·
Listing office phone: 303-292-3700
$975,000 List price
501 N Weber Colorado Springs, CO 80903
$10,000
Closing credit¹
4,015 sqft
0.1 acres
$243 / sqft
Multi-Family
Property details
About 501 N Weber
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.
Highlights
Home typeQuadruplex
HeatingFloor Furnace
StatusActive
CoolingCentral Air
Size4,015 sqft
Lot size0.15 Acres
Year built1895
MLS #4096227
Summary
- Basement: No
- Attached Garage: No
- Heating: Floor Furnace
- Cooling: Central Air
- List Price: $975,000
- Price/SqFt: $242
- Year Built: 1895
- Living Area: 4,015 SqFt
- Lot Size: 0.15 Acres
- MLS Number: 4096227
- MLS Name: RECOLORADO
- Office Name: Cushman & Wakefield
- Office Phone: (303) 292-3700
- Listing Agent: Nic Polaski
Listings courtesy of REColorado as distributed by MLS GRID.
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Presented by Rocket Homes Real Estate, LLC
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The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than Rocket Homes Real Estate, LLC are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.
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The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.
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© 2025 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 300
Greenwood Village, CO 80111 USA
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Last updated on: 6/1/2025, 1:57:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$975,000
501 N Weber
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
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Nearby schools
3
Columbia Elementary School
Public District PK-5
0.6 mi
•835 E Saint Vrain St
5
Bristol Elementary School
Public District PK-5
0.9 mi
•890 N Walnut St
8
Steele Elementary School
Public District PK-5
1.2 mi
•1720 N Weber St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $35,938. Residents of Colorado Springs, CO typically earn less than $<35k each year. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
49%
<35k
41%
35k-100k
9%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
82%
Single, No Kids
5%
Single, with Kids
10%
Married, No Kids
3%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
5%
<11 yrs old
3%
12-17 yrs old
41%
18-34 yrs old
45%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Banana Republic
Where do the neighbors go to eat?
Boston Market
Popeyes
White Castle
What do the neighbors drive?
Honda
Nissan
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
Jazz
All data provided by Home Junction and Claritas
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This home is located at 501 N Weber in Colorado Springs, CO and zip code 80903 in the Central Colorado Springs neighborhood. This 4,015 square foot home, which was built in 1895, sits on a 0.15 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since May 28, 2025 and is currently priced at $975,000.
In April 2025, from all listings sold in Colorado Springs, CO there were more than 79 sold above asking price, over 113 sold below and more than 71 were sold right at the asked price. The number of homes for sale in Colorado Springs, CO increased by 46.1% between March and April 2025. The median list price of listings available in April 2025 was $478,588, while the average time on the real estate market was 48 days.
From Rocket Homes Real Estate and based on county public records data.