Listed by: Charles Burkhart
Description
Parker Place Apartments is a 54-unit, fully renovated and 100% occupied multifamily community in Colorado Springs. Offered at $4.0 million, or approximately $74,074 per unit, the property provides an attractive low-basis investment with an 8.32% going-in cap rate, increasing to 9.15% in Year 1, and projected double-digit cash-on-cash returns. Catering primarily to 55+ and veteran residents while remaining open to the broader rental market, Parker Place combines stabilized cash flow, minimal near-term capital needs, and a differentiated resident profile.
Location
Listed By
Listing Agent
Charles Burkhart
Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
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Listings courtesy of IRES Colorado as distributed by MLS GRID.
IDX information is provided exclusively for consumers' personal, noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of MLS GRID data may be subject to an end-user license agreement prescribed by the applicable MLS, as amended from time to time.
Based on information submitted to the MLS GRID as of 12th November, 2026 9:30 PM. 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. Updated: 12th November, 2026 9:30 PM (UTC)
Listings courtesy of IRES Colorado as distributed by MLS GRID.
IDX information is provided exclusively for consumers' personal, noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of MLS GRID data may be subject to an end-user license agreement prescribed by the applicable MLS, as amended from time to time.
Based on information submitted to the MLS GRID as of 12th November, 2026 9:30 PM. 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. Updated: 12th November, 2026 9:30 PM (UTC)
