Overview
Cushman & Wakefield is pleased to present a compelling 201-unit multifamily investment opportunity in Colorado Springs, CO, featuring two well-maintained assets: Marquette Heights (108 units) and Fairway Valley Apartments (93 units). Both properties feature accretive assumable loans at below market rates with remaining term through 2030.
Strategically located in high-demand submarkets of one of the Mountain West’s fastest-growing cities, these properties offer immediate scale, strong in-place cash flow, and clear value-add potential. Marquette Heights, built in 1973, and Fairway Valley, originally built in 1967 and renovated in 2017, are primed for operational enhancements and targeted upgrades.
Both assets benefit from proximity to major employment hubs-including the COS Airport and the Peak Innovation Park- and proximity to major military bases-including Fort Carson and Peterson Space Force Base-as well as key retail centers. This strategic positioning ensures a stable tenant base and ongoing demand from military, healthcare, tech, and government sectors.
Colorado Springs continues to experience strong population growth, rising rents, and a diversified economy driven by defense, aerospace, and healthcare— offering investors long-term stability and upside.
With 201 total units and strong fundamentals, Marquette Heights and Fairway Valley Apartments represent a rare opportunity to acquire scale in a proven, high-growth market.
Investment Highlights
MARQUETTE HEIGHTS ASSUMABLE FINANCING
- $7,800,000 Original Loan Balance
- $7,141,391 Current Loan Balance
- 4.43% Fixed Rate
- Origination on 1/1/2018
- 4 Years I/O
- Amortizing on 1/1/2022
- 12-year Term with 30 Year Amortization
- Loan Serviced by KeyBank
FAIRWAY VALLEY ASSUMABLE FINANCING
- $6,549,797 Current Loan Balance
- 5.08% Fixed Rate
- Origination on 9/1/2018
- 12-year Term with 30 Year Amortization
- Loan Serviced by KeyBank
DESIRABLE SOUTH COLORADO SPRINGS LOCATION
Situated in a well-established residential neighborhood, Marquette Heights offers convenient access to major thoroughfares including I-25 and US-85, providing quick connectivity to Downtown Colorado Springs, Fort Carson, and Peterson Space Force Base.
PROXIMITY TO GROWING EMPLOYMENT CENTERS
Marquette Heights is located minutes from the Colorado Springs Airport and the 1,600-acre Peak Innovation Park, slated to house more than 10 million square feet of commercial, industrial, and office space and home to Fortune 500 companies including Amazon, Coca-Cola, Frito-Lay, and Northrup Grumman.
MILITARY DRIVEN STABILITY
With five military installations in the region—including Fort Carson and Peterson Space Force Base which are both located minutes from Marquette, El Paso County enjoys recession-resilient demand for housing and sustained population growth.
VALUE-ADD OPPORTUNITY
The property presents an opportunity for continued interior renovations and operational improvements to drive NOI growth while benefiting from recent capital improvements including roof, boiler, windows, and siding.
STRONG JOB MARKET
Colorado Springs consistently ranks as one of the fastest-growing metro areas in the U.S., supported by a diversified economy anchored by defense, tech, education, and healthcare sectors.
STABLE OCCUPANCY POTENTIAL
The submarket has demonstrated consistent rental demand driven by a strong renter demographic, including military personnel, young professionals, and working families.
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