About 33 University Drive
33 University Drive is a well-positioned 4-unit multifamily asset located in the Southeast Colorado Springs submarket. This investment offers investors a balance of in-place cash flow paired with recent renovation upside. Originally constructed in 1969 and renovated in 2021, the property consists of 3,111 square feet across four units, all configured as 2-bedroom, 1-bath layouts. The asset benefits from affordable rent positioning relative to the broader Colorado Springs market, strong tenant demand, and proximity to major retail, convenience & employment corridors. With continued population growth and rental demand in Colorado Springs, the property presents an opportunity for stable income with long-term appreciation potential.
Features of 33 University Drive
| MLS® # | 3703452 |
|---|---|
| Price | $690,000 |
| Bedrooms | 8 |
| Bathrooms | 4.00 |
| Square Footage | 3,111 |
| Year Built | 1969 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 33 University Drive |
|---|---|
| Subdivision | Colorado Springs |
| City | Colorado Springs |
| County | El Paso |
| State | CO |
| Zip Code | 80910 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | None |
| Fireplace | No |
| Stories | One |
| Basement | Unfinished |
Exterior
| Roof | Membrane, Rolled/Hot Mop |
|---|
School Information
| District | Colorado Springs 11 |
|---|---|
| Elementary | Monroe |
| Middle | Holmes |
| High | Doherty |
Additional Information
| Date Listed | April 16th, 2026 |
|---|---|
| Zoning | R5 AO |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Cushman & Wakefield |
|---|---|
| Contact Info | lee.wagner@cushwake.com,417-459-2155 |
| Contact | lee.wagner@cushwake.com,417-459-2155 |