490 East Elm Street, Elizabeth, CO 80107
10+ Beds
8/1 Baths
5,200 Sqft
Car
0.43 Acre
Multi Family

Overview

MLS#: 2503097
Price
$ 1,000,000

Fantastic investment opportunity with in-place management and a fully stabilized rent roll. This well-maintained 8-unit property features a balanced unit mix of four 1 Bedroom-1 Bath units, four 2 Bedroom-2 Bath units, coin operated washer and dryer. Property is right in town, appealing to a broad tenant base and supporting long-term occupancy stability. Ideally located just off S. Main Street, the property offers walkable access to local shops, restaurants, and a brewery. The property backs directly to Running Creek Trail and overlooks Running Creek Park, home to the popular Friday Night Market and summer concert series. Elizabeth's multifamily market remains limited, with just under 600 total apartment units county-wide, creating a meaningful supply constraint within a growing population base. Strategically positioned just 25 minutes to Castle Rock and Parker, 40 minutes to the Denver Tech Center, and under an hour to Colorado Springs.

Apartment Complex View
Baseboard Radiator
Ceiling Fan
Closet
Combined Bath Shower
Main Street Access
Coin Op Laundry
Agricultural View
Surface Parking
Porch
Rural View
Shingle Roof
Two Closets
Wood Finish Floor
Wood Siding
Woods View

Mortgage Calculator

Fill In the blanks below to compute an estimated monthly payment

Location MAP

Get Directions

Contact agent Sarah Humbargar

Agent Sarah Humbargar (Ph: 719-339-0712) is listing 490 East Elm Street, Elizabeth, CO 80107, MLS ID: 2503097
qr code
Scan code to add
me to Contacts

Have Questions? Let's Talk

 
Thank you! Your message was successfully delivered! Thank you!
Your message was successfully delivered!