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A Curated Student Housing Portfolio Near Colorado College

$2,750,000

122 East Uintah Street, Colorado Springs, CO 80903

Active
Last Updated: 11/05/2026

8.7

Cap Rate

240,477

NOI

Details:
Cap Rate:    8.7%
NOI:    $240,477
Pro Forma Cap Rate :    10.1%
Building Size:    14,368 sqft
Occupancy:    40%
Class:    C
Units:    5
GRM:    104
Price Per Sqft:    $191
Seller Financing:    No
Opportunity Zone:    No
Parking Spots:    16
Construction Status:    existing
Parking Ratio:    3.2
Restrooms:    11
Leed Certitified:    No
Investment Strategy:    Value Add
Highlights:
  • ​5 student rental homes, 32 beds. All five are within half a mile of Colorado College, on Uintah, Weber and Wahsatch.
  • Priced at $2,750,000, or about $85,900 per bed. That’s a cap rate of nearly 9% on fully underwritten 2025–26 rents, after vacancy, management and reserves. It rises to about 10% on projected 2027–28 rents.
  • Built-in demand. Colorado College requires students to live on campus for their first three years, so seniors drive demand for off-campus housing.
  • Steady rent growth. Portfolio rent rose about 7% a year from 2022–23 to 2025–26. 122 E Uintah is already leased for 2027–28 at $8,100/month, 12.5% above its last lease.
  • Three homes are vacant for 2026–27 because they missed this year’s leasing window, and they’re being leased now for 2027–28. Fully leased at projected rents, gross rent would be about $379,800 a year.
  • Tenants pay all utilities. Every home has in-unit laundry, and the current owner self-manages.
  • Buying five at once is a chance to gain real market share.
Description:

Rare Colorado College Student Housing Investment Opportunity! This turnkey, five-property portfolio offers an exceptional opportunity to acquire an established student housing operation just blocks from Colorado College in the heart of Colorado Springs. Featuring 32 rented rooms across five homes, the portfolio offers an approximate 9% cap rate, established rental history, and a proven room-by-room leasing model designed to maximize income potential.

The portfolio includes 1127 N Wahsatch Avenue, 1204 N Weber Street, 1127 N Weber Street, 316 E Uintah Street, and 122 E Uintah Street. Each property offers convenient access to the Colorado College campus, creating an attractive housing option for students seeking off-campus accommodations.

The portfolio benefits from an established rental model, with individual leases that align with the academic calendar. Its location near Colorado College positions these properties within a concentrated student rental market, with convenient access to campus, downtown Colorado Springs, dining, and neighborhood amenities. With 32 rooms spread across five properties, investors benefit from multiple income streams rather than reliance on a single tenant.

Offered as a complete package, this student housing portfolio provides immediate income potential without the time and complexity of assembling individual investment properties. The established operating history provides valuable insight into rental performance, while the portfolio's scale offers an opportunity to acquire a meaningful position in the Colorado College student housing market. With five established rental homes in a highly desirable location near campus, this is a compelling opportunity for investors seeking a specialized, income-producing real estate asset.

Five properties. 32 rentable rooms. One exceptional investment opportunity. Financials, rent rolls, and additional property details available upon request.

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