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.
Property Details
- Acres
- 0.0
- Lot Size (sqft)
- 0.18
- Property Type
- Purchase
- Year Built
- 1972
- Sewer Information
- Public Sewer
- County
- El Paso
- Region
- Colorado Springs
- Zoning
- R-5 HS
- Taxes Annual
- $2,540
- MLS #
- 5480665
- Property Subtype
- Multi Family
- Parcel Number
- 73364-02-015
- MLS #
- 5480665
- Date Listed
- August 19, 2026
- Address
- 2913 Sage Street
Location
Legal
Based on information submitted to the MLS GRID as of 2026-09-07 07:47:42 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: Sep 7, 2026 7:47 AM. Source: RECOLORADO
Provided By
Listed by Andrew Stephens (#670172507f64a372734339c7ba4f5f9b), astephens@moduscommercial.com,720-496-8868
Listing Office: MODUS Real Estate
Legal Notice
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The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.
Buyer Agency Compensation
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
