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$649,000 New to Website
Property Description
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
Full Property Details
Full Property Details for 340 Gahart Dr
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General
- Price: $649,000
- Taxes: $2,307 (2025)
- Status: Active
- Type: Multi-Family
- Source: MetroList_Colorado
- MLS ID: 9848883
- Updated: Today (7/17/2026)
- Added to Site: Today
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 10
Parking
- Total Spaces: 8
Location
- County: El Paso
- Subdivision: Eastborough
- Driving Directions: From I-25, take Exit 135 for US-24 E/Martin Luther King Jr. Bypass and head east. Continue toward South Academy Boulevard, then turn onto Gahart Drive.
School Information
- Elem School District: Colorado Springs 11
- Midd School District: Colorado Springs 11
- High School District: Colorado Springs 11
- Elementary School: Roosevelt-Edison Charter School
- Middle School: Swigert
- High School: Mitchell
Community
- Pets Allowed: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
Structural Information
- Structure Type: Quadruplex
- Construction: Frame
- Roof: Composition
- Common Walls: Something Above, Something Below
- Square Feet: 3,672
- Sq. Ft. Source: Public Records
- Living Area: 3,672 Sq. Ft.
- Year Built: 1972
Lot Features
- Zoning: R-5 AO
Financial Considerations
- Tax Amount: $2,307
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Ownership: Individual
- Special Conditions: None
- Legal Description: LOT 4 BLK 1 GAHART SUB NO 3 FIL NO 3
- Exclusions: All personal property owned by Tenant(s)
- Property ID: 64144-14-008
Listed by Cushman & Wakefield
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Schools
Schools serving 340 Gahart Dr
School District:Colorado Springs School District 11
| Name | Grades | Distance |
|---|---|---|
Roosevelt Edison Charter School 205 Byron Drive, Colorado Springs, CO 80910 | PK-5 | 0.5 mi |
Jack Swigert Aerospace Academy 4220 East Pikes Peak Ave, Colorado Springs, CO 80909 | 6-8 | 0.7 mi |
Mitchell High School 1205 Potter Drive, Colorado Springs, CO 80909 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 340 Gahart Dr
Date
Details
Price
Change
Source
8/19/2021
Sold
$698,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 340 Gahart Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,307
-8%
$46,050
—
2024
$2,510
—
$46,050
-6%
2024
$2,510
1%
$49,030
—
2023
$2,484
59%
$49,030
86%
2021
$1,558
11%
$26,400
5%
2022
$1,406
-10%
$25,120
24%
2021
$1,558
14%
$20,310
—
2019
$1,371
21%
$20,310
31%
2018
$1,137
6%
$15,490
—
2017
$1,076
36%
$15,490
13%
2016
$794
—
$13,700
—
2015
$791
3%
$13,700
7%
2014
$771
-2%
$12,810
—
2013
$784
—
$12,810
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 340 Gahart Dr
340 Gahart Drive, Colorado Springs, CO 80916 (MLS# 9848883) is a Multi-Family property with units containing 10 bedrooms and 0 full bathrooms. 340 Gahart Drive is currently listed for $649,000 and was received on July 17, 2026. Want to learn more about 340 Gahart Drive? Do you have questions about finding other Multi-Family real estate for sale in Colorado Springs? You can browse all Colorado Springs real estate or contact a Coldwell Banker agent to request more information.
