Residential Income · Active

2625 Ore Mill Road

Colorado Springs, CO 80904

54 Beds · 54 Baths · 22,068 Sq Ft

$4,000,000

Quadruplex

Property Type

1983

Year Built

$181

Price per Sq Ft

5902137

MLS #

About This Property

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.

0 days on market

Listed by Charles Burkhart · Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. · charles.burkhart@marcusmillichap.com,214-336-6064

Last updated: 11/12/2026 10:54 AM · Source: REcolorado®, MLS#: 5902137

Property Details

Key Details

Property Type	Residential Income
Sub Type	Quadruplex
Status	Active
Price per Sq Ft	$181
Subdivision	Midland Greens
MLS #	5902137
Bedrooms	54

More Details

Year Built	1983
HOA	No
Annual Taxes	$34,180
State	CO
County	El Paso
Zoning	MX-M HS P

Interior

Heating	Forced Air
Cooling	Air Conditioning-Room

Exterior & Parking

Roof

Other

Building & Lot

Levels	One
Construction	Stucco
Sewer	Public Sewer

Terms & Other

Senior Community	Yes
Special Conditions	None Known

Location

Price History

Date	Event	Price
11/12/2026	Listed for sale Source: REcolorado® #5902137	$4,000,000 $181/sqft

Based on information submitted to the MLS GRID as of November 12, 2026 at 4:05 PM MST. 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.

Listing information last updated November 12, 2026 at 10:54 AM.