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$649,000

3006 Institute St

Colorado Springs, CO
Active
8
Bedrooms
2,304
Square Feet
1954
Year Built
20
Days On Market

3006 & 3014 North Institute Street presents an attractive multifamily investment opportunity consisting of two duplexes totaling four units and 2,304 square feet of building area in Colorado Springs. Built in 1954, this single-story property offers investors a straightforward four-unit configuration with an established residential setting and efficient building footprint. The two-duplex layout provides diversified rental income across four individual units each offering 2-Bedroom & 1-Bathroom units while maintaining a manageable scale for both hands-on and professional ownership. The property benefits from its location in Colorado Springs, one of Colorado's largest and most dynamic metropolitan areas. Residents enjoy convenient access to major employment centers, retail, dining, recreation, educational institutions, and regional transportation corridors. The surrounding area provides an established residential environment with access to the broader amenities and economic drivers such as Roadhouse Cinemas, Vasa Fitness etc that continue to support demand for rental housing throughout the Colorado Springs market. For investors, 3006 & 3014 North Institute Street offers an opportunity to acquire a compact multifamily asset with four individual income-producing units and potential for future value enhancement. The property is also an excellent fit for an owner-occupant, with one unit currently vacant and ready for immediate move-in. Live in one unit while generating rental income from the remaining units, providing an attractive opportunity to offset housing costs while building long-term equity. The combination of existing cash-flow potential, owner-occupant flexibility, and opportunities to enhance long-term income and value makes this asset well suited for both investors and buyers looking to house hack in Colorado Springs.

Listing Information

Listing Updated
3 days ago
Listed By
Lee Wagner, 4174592155 · Cushman & Wakefield, 3032923700
MLS#
2124802
Source
IRES MLS
Status
Active

Facts & Features

Location

Community Information

Address
3006 N Institute St, Colorado Springs, CO 80907
City
Colorado Springs
County
El Paso
Neighborhood
Venetian Village
Zip Code
80907

Architecture

Bedrooms
8
Year Built
1954
Construction Materials
Frame
Building Area
2,304 sq. ft.
Roof
Composition
Levels
One
Garage
Yes
Garage Spaces
4
Parking Features
Off Street

Features & Amenities

Appliances
Refrigerator, Freezer
Patio and Porch
Patio
Cooling
Ceiling Fan(s)
Heating
Forced Air

Property Features

Water
Public
Sewer
Public Sewer

Square Footage

Above Grade
2,304 sq. ft.
Total
2,304 sq. ft.

Tax & Financial Information

List Price
$649,000
Annual Taxes
$1,525

Schools

86/100
Scholars To Leaders Academy
Grades KG–08 · 0.4 mi
City
Colorado Springs
Students
244
Student body
68% Hispanic / Latino · 21% White · 9% Black
Free/reduced lunch
88%
Phone
(719) 227-7152
78/100
Academy for Advanced and Creative Learning
Elementary · Grades KG–08 · 1.6 mi
City
Colorado Springs
Students
296
Parent reviews
5.0★ avg · 2 reviews
Student body
72% White · 17% Hispanic / Latino · 8% Two or More Races
Free/reduced lunch
16%
Phone
(719) 434-6566
77/100
The Bijou School
High · Grades 09–12 · 1.7 mi
City
Colorado Springs
Students
136
Parent reviews
5.0★ avg · 1 review
Student body
51% White · 32% Hispanic / Latino · 9% Black
Free/reduced lunch
55%
Phone
(719) 328-7900
76/100
Stratton Elementary School
Elementary · Grades PK–05 · 0.6 mi
City
Colorado Springs
Students
328
Parent reviews
5.0★ avg · 1 review
Student body
70% White · 16% Hispanic / Latino · 7% Two or More Races
Free/reduced lunch
39%
Phone
(719) 328-3400
70/100
Mann Middle School
Middle · Grades 06–08 · 0.6 mi
City
Colorado Springs
Students
517
Parent reviews
4.5★ avg · 2 reviews
Student body
46% White · 37% Hispanic / Latino · 9% Two or More Races
Free/reduced lunch
76%
Phone
(719) 328-2300
69/100
Audubon Elementary School
Elementary · Grades PK–05 · 1.4 mi
City
Colorado Springs
Students
382
Parent reviews
4.5★ avg · 2 reviews
Student body
59% White · 29% Hispanic / Latino · 6% Two or More Races
Free/reduced lunch
63%
Phone
(719) 328-2600
63/100
Colorado International Language Academy
Elementary · Grades KG–05 · 1.6 mi
City
Colorado Springs
Students
466
Parent reviews
3.5★ avg · 2 reviews
Student body
41% White · 41% Hispanic / Latino · 7% Two or More Races
Free/reduced lunch
55%
Phone
(719) 645-8063
62/100
Edison Elementary School
Elementary · Grades PK–05 · 0.3 mi
City
Colorado Springs
Students
322
Parent reviews
3.5★ avg · 2 reviews
Student body
46% Hispanic / Latino · 42% White · 5% Two or More Races
Free/reduced lunch
81%
Phone
(719) 328-2800

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
09/10/2026Price change$649,000
08/24/2026Listed for sale$660,000

Listed by Lee Wagner · Cushman & Wakefield · 3032923700

Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. Copyright © IRES. Broker Reciprocity is the current compilation of active listings of all Broker Reciprocity subscribers except those listings where the seller or the seller's agency has opted out of Internet publication by so indicating on the listing contract or by written notice to the Multiple Listing Service. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user, Information deemed reliable but not Guaranteed. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright ©2026 Information and Real Estate Services, LLC. All rights reserved.

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