Courtesy: Shift Real Estate LLC
Sarah Humbargar
719-339-0712
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.
Courtesy: Lifestyle International Realty
Nichelle Phillips
407-474-0422
*Location! Location! Location!** Welcome to the heart of beautiful Elizabeth Main Street! This charming home, locally known as the Greenlee House, is within walking distance of shopping, schools, trails, creeks, and restaurants. Additionally, it is located on the parade route for the Homecoming parade, Stampede parade, and special community events held throughout the year. This unique home has been adorably updated and is perfect for residential living, but it is also zoned for commercial use. Whether you choose to make it your home or your future investment, this property is truly one of a kind! It features granite countertops, stainless steel appliances, and a cozy breakfast nook that opens to the family room. The cellar offers ample storage space as well. **There’s More!** The lot (0.048 acres) behind the house is deeded separately but will also be sold with the property. It includes a barn/storage area. **BONUS!** The home and barn received new gutters and a roof in August 2022, and the fenced-in backyard was completed in the Summer 2022. Additionally, the sewer line was replaced in 2023.
Andrea Conner, Colorado License # ER.100067447, Xome Inc., License #EC100044283, [email protected], 844-400-9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
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Elizabeth is located in Colorado. Elizabeth, Colorado has a population of 1,792. Elizabeth is more family-centric than the surrounding county with 28.57% of the households containing married families with children. The county average for households married with children is 28.44%.
The median household income in Elizabeth, Colorado is $91,344. The median household income for the surrounding county is $114,904 compared to the national median of $69,021. The median age of people living in Elizabeth is 34.1 years.
The average high temperature in July is 85.3 degrees, with an average low temperature in January of 18.5 degrees. The average rainfall is approximately 18.1 inches per year, with 76.2 inches of snow per year.
