2913 Sage Street, Colorado Springs, CO 80907

Property Description

MODUS Real Estate is pleased to present 2913 Sage St, a five unit multifamily property located in one of the more desirable fourplex pockets on the west side of Colorado Springs. The building consists of a studio, three one bed one bath units, and a three bed one bath unit, offering a diversified rent roll anchored by a premium three bedroom. This is a light value add opportunity where the major capital items have already been addressed. The roof is just two years old and was recently inspected. The boiler was replaced nine years ago, and the pump was replaced four years ago along with the expansion tank, auto fill valve, and air bleeder. All zone valves were replaced in the spring of 2026. A new hot water heater was installed in 2026, and the shower valves in apartment 3 were rebuilt. A new owner steps into a building where the expensive, unglamorous systems are already handled. In place rents reflect a blended 14 percent loss to lease, giving a new owner immediate mark to market upside across the units. Paired with a light interior renovation program and the implementation of a utility billback system, a buyer can capture meaningful year one upside without a lengthy repositioning runway. Situated on the west side close to a variety of retail options, 2913 Sage St combines strong fundamentals with a clear path to increased cash flow.