490 E Elm Street, Elizabeth, CO

Name: 490 E Elm Street, For Sale in Elizabeth - Zoocasa
Brand: Shift Real Estate LLC
SKU: 2503097
Price: 1000000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$1,000,000

0019

MLS® 2503097

Overview

Key Facts

Type Multi Family

Levels Commercial Sale

Size -

Garage No

Maintenance Fees

Taxes $6,594

Days Active 0

Approx. Age 1973

MLS® Number 2503097

Property Address: 490 E Elm Street, Elizabeth, CO, 80107

Average square foot calculated using Size range provided by listing agent.

Description

Fantastic investment opportunity with in-place management and a fully stabilized rent roll. This well-maintained 8-unit property features a balanced unit mix of four 1 Bedroom-1 Bath units, four 2 Bedroom-2 Bath units, coin operated washer and dryer. Property is right in town, appealing to a broad tenant base and supporting long-term occupancy stability. Ideally located just off S. Main Street, the property offers walkable access to local shops, restaurants, and a brewery - placing residents at the center of Elizabeth’s small-town charm and daily activity. The property backs directly to Running Creek Trail and overlooks Running Creek Park, home to the popular Friday Night Market and summer concert series. Tenants enjoy immediate access to open space, community events, and one of the town’s most vibrant gathering places - an amenity that supports strong, long-term rental demand. Elizabeth’s multifamily market remains limited, with just under 600 total apartment units county-wide, creating a meaningful supply constraint within a growing population base. Strategically positioned just 25 minutes to Castle Rock and Parker, 40 minutes to the Denver Tech Center, and under an hour to Colorado Springs, this location offers attainable rental housing with convenient regional access. This asset provides a true turnkey investment for both seasoned and first-time multifamily investors. Strong unit mix, stabilized operations, and irreplaceable location fundamentals make this an ideal long-term hold. Contact listing agent for financials and additional details.

MLS® Number2503097

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1973

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 9, 2026List Date

$1,000,000List Price

Map

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