129 Wellington Street, Fountain, CO 80817
El Paso County
Key Facts
Description
Rare 6-unit investment opportunity in the Fountain community! This well-maintained and fully occupied 6-plex features all side-by-side units, all 2 bed, 1 bath configurations, providing strong rental appeal and income potential. The property is a fully stabilized asset with great in-place rents and returns, and offers a turnkey investment opportunity supported by significant capital improvements, including 6 full unit turns, updated plumbing, and a newer roof completed in 2022. Utilities are structured with no gas on site; tenants pay all electric, while the owner currently pays water/sewer/trash, with potential to bill back for additional efficiency. The property offers extremely low-maintenance costs and could easily be self-managed with it’s turnkey nature. Ideally located with easy access to Highway 85/87, I-25, and Fort Carson, this property is also close to Pikes Peak Community College, shopping, dining, Fountain Creek Regional Park, neighborhood parks, and Downtown Fountain. Whether you're looking to expand your investment portfolio or add a well-positioned multifamily asset, this 6-plex presents an exceptional opportunity in a growing area. Investment Highlights: -All 2 bed, 1 bath units -Fully stabilized asset with great in place rents & returns -Turnkey asset with significant capital improvements including 6 full unit turns, updated plumbing, and newer roof (2022) -Utilities: No gas, tenants pay all electric (owners currently pay W/S/T – opportunity to bill back) -Currently self-managed with operational upside
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
1986
Living Area
4,242 sq ft
Lot Size
0.30 acres
Parking Spaces
10
Zoning
R-2
Days on Market
35
MLS® Listing#
1590835
Property Features
Construction
Roof
Sewer
Water Source
Financial Details
Annual Taxes
$2,794
Tax year 2024
Parcel Number
560-520-1007
Directions
From I-25, take exit 128 for Santa Fe Avenue and head east toward Fountain. Continue on Santa Fe Avenue as it becomes U.S. Highway 85/87, then proceed into Fountain. Turn west onto Main Street and continue for approximately 0.5 miles. Turn south onto Wellington Street and continue to 129 Wellington Street. Property will be on the right.
Affordability Calculator
$158,000
Estimated monthly payment
$4,205/mo
Principal $632,000 · Est. interest $881,696 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Fountain, CO
- $451,563
- Median Listing Price
- 52
- Median Days on Market
- 1,809
- Median Sq Ft
- $231
- Median Price / Sq Ft
- 224
- Active Listings
- This home’s price is 75% above the area median.
- Its price per sq ft is 19% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Fountain, CO.
Location
Points of Interest in Fountain, CO
Showing the Fountain area map.
Nearby Schools
Fountain Elementary School
Elementary · 0.3 mi away
Fountain Middle School
Elementary · 0.3 mi away
Welte Education Center
Secondary · 0.4 mi away
Aragon Elementary School
Elementary · 0.5 mi away
Mesa Elementary School
Elementary · 1.0 mi away
Eagleside Elementary School
Elementary · 1.1 mi away
Fountain-Fort Carson High School
Secondary · 1.4 mi away
Jordahl Elementary School
Elementary · 1.7 mi away
School Dist.8 Transportation
School · 1.7 mi away
Janitell Junior High School
Secondary · 2.2 mi away
Mesa Ridge High School
Secondary · 2.3 mi away
James Madison Charter Academy
Elementary · 2.6 mi away
Webster Elementary School
Elementary · 2.6 mi away
Sunrise Elementary School
Elementary · 2.9 mi away
Happy Hearts Preschool
School · 3.0 mi away
Martin Luther King Junior Elementary School
Elementary · 3.2 mi away
Talbott Steam Innovation School
Elementary · 3.4 mi away
Fountain Valley School of Colorado
Secondary · 3.6 mi away
Watson Junior High School
Secondary · 3.6 mi away
Venetucci Elementary School
Elementary · 3.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 9761 Terrain Road, Fountain, CO | $559,000 | 6 | 4 | 3,296 |
| 8109 Lodi Lane, Fountain, CO | $560,000 | 5 | 4 | 3,362 |
| 8109 Lodi Ln, Fountain, CO | $560,000 | 5 | 4 | 3,362 |
| 8109 Lodi Lane, Fountain, CO | $560,000 | 5 | 4 | 3,362 |
| 9669 Lackawanna Street, Fountain, CO | $578,900 | 4 | 4 | 3,178 |
| 7865 Wilson Road, Fountain, CO | $599,900 | 6 | 4 | 2,485 |
Moving Cost Estimate
EXIT Agents in Fountain
Listing Courtesy: Cushman & Wakefield - Nic.Polaski@cushwake.com,719-238-9074
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PUBLISHER'S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.METROLIST, INC. will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
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