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2625 Ore Mill Rd, Colorado Springs, CO 80904
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2625 Ore Mill Rd, Colorado Springs, CO 80904
2625 Ore Mill Rd, Colorado Springs, CO 80904
2625 Ore Mill Rd, Colorado Springs, CO 80904
2625 Ore Mill Rd, Colorado Springs, CO 80904
2625 Ore Mill Rd, Colorado Springs, CO 80904
2625 Ore Mill Rd, Colorado Springs, CO 80904

2625 Ore Mill Rd Colorado Springs, CO 80904

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$4,000,000

ACTIVE
Beds
54
Baths
54
Sqft
22,068
Year
1983
Days on Site
1 Day
Property Type
Residential Income
Sub Type
Quadruplex
Per Square Foot
$181
Date Listed
Nov 12, 2026

Description of 2625 Ore Mill Rd, Colorado Springs, CO 80904

Listing details for 2625 Ore Mill Rd, Colorado Springs, CO 80904 : Parker Place Apartments is a 54-unit, fully renovated and 100% occupied multifamily community in Colorado Springs. Offered at $4.0 million, or approximately $74,074 per unit, the property provides an attractive low-basis investment with an 8.32% going-in cap rate, increasing to 9.15% in Year 1, and projected double-digit cash-on-cash returns. Catering primarily to 55+ and veteran residents while remaining open to the broader rental market, Parker Place combines stabilized cash flow, minimal near-term capital needs, and a differentiated resident profile.
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Listing Updated : 11-12-2026 at 11:01 AM MST
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Listing Provided By

Charles Burkhart, 303-328-2000, Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.

Source

recolorado as distributed by MLS GRID, MLS#: 5902137

For more information on this listing contact us at 303-955-4220

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Property History

DateEventPrice
11/12/2026
Listed for sale
$4,000,000
$181/sqft
Source:recolorado #5902137
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Based on information submitted to the MLS GRID as of 2026-11-12. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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2625 Ore Mill Rd, Colorado Springs, CO 80904

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