340 Gahart Drive, Colorado Springs, CO, 80916
About This Home
Cushman & Wakefield presents 340 Gahart Drive, an opportunity to acquire a well-located four-unit multifamily asset in one of Colorado Springs' established residential neighborhoods. The property offers investors the benefits of a smaller apartment community with streamlined management, diversified income from four rental units, and strong long-term demand driven by the city's continued population and employment growth. The building features two units with desirable 3BD/1BA and two units with 2BD/1BA. Positioned with convenient access to both South Academy and Powers Blvd corridors, major employment centers such as Amazon Distribution Warehouse, shopping, dining, schools, and countless recreational amenities, the property is well situated to attract a broad tenant base. Colorado Springs continues to experience healthy economic expansion fueled by the defense, aerospace, healthcare, technology, and education sectors, supporting consistent demand for quality rental housing throughout the region. Whether added to an existing portfolio or acquired as a standalone investment, 340 Gahart Drive offers an attractive combination of location, income potential, and long-term appreciation within one of Colorado's most resilient multifamily markets. Lease Information: Unit 1- Lease Expires 8/7/26, Unit 2- Lease Expires 11/15/2026, Unit 3- Vacant, Unit 4- Lease Expires 2/28/27
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1972
Materials
- Roof: Composition
- Construction materials: Frame
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex
Interior
Bedrooms & Bathrooms
- Bedrooms: 10
- Bathrooms: 4
Features
- Finished area above ground: 3,672
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: None
Interior Area
- Total structure area: 3,672
- Total interior livable area: 3,672 sqft
Property
Details
- Parcel number: 6414414008
- Attached to another structure: Yes
- Zoning: R-5 AO
- Special condition: Standard
- Exclusions: All Personal Property Owned By Tenant(S)
Features
- Levels: Two
- Stories: 2
Parking
- Total spaces: 8
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Winter Weather
- Hail
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Colorado Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,281 | $39,372 |
| Home Insurance * | $243 | $2,916 |
| Property Taxes | $243 | $2,916 |
| Electricity | $277 | $3,326 |
| Total | $4,044 | $48,528 |
Income You'd Need if You Spent...
Colorado FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
No market data available for this area
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-17 | Listed for sale | $649,000 |
| 2024-08-20 | Listing removed | $699,000 |
| 2021-08-20 | Sold | $698,500 |
| 2021-07-14 | Listed for sale | $699,000 |
| 2021-04-03 | Listing removed | -- |
| 2021-03-19 | Listed for sale | $674,900 |
| 2019-07-10 | Sold | $364,000 |
| 1996-05-14 | Sold | $159,900 |
| 1995-10-05 | Sold | $128,000 |
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