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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Jackie Vazquez

Jackie Vazquez

+1(720) 527-2751
$ 4,000,000
Est. payment | /mo

54 Beds

54 Baths

22,068 SqFt

Save
$ 4,000,000
Est. payment | /mo
Save

54 Beds

54 Baths

22,068 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 22,068 sqft

Price per Sqft $181

Subdivision Midland Greens

MLS Listing ID 5902137

Bedrooms 54

HOA Y/N No

Year Built 1983

Property Sub-Type Quadruplex

Property Description

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.

Location

State CO

County El Paso

Zoning MX-M HS P

Interior

Heating Forced Air

Cooling Air Conditioning-Room

Exterior

Roof Type Other

Private Pool No

Building

Story One

Sewer Public Sewer

Schools

School District Elementary: Colorado Springs 11, Middle/Junior: Colorado Springs 11, High: Colorado Springs 11

Others

Senior Community Yes

Tax ID 74113-10-015

Special Listing Condition None Known

REColorado MLS
© 2026 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byMarcus & Millichap Real Estate Investment Services of Atlanta, Inc.
Jackie Vazquez

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(720) 527-2751

jackiesinco2@outlook.com

14341 E Tennessee Ave, Unit 307 Aurora, CO 80012, Aurora, Colorado 80012, USA

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2625 Ore Mill RD