Hathaway Subdivision No. 1 Real Estate

Welcome to Hathaway Subdivision No. 1, a hidden gem nestled in the heart of Colorado Springs, Colorado. This charming community offers a perfect blend of suburban tranquility and vibrant city life, making it an ideal place for families, professionals, and retirees alike.

Hathaway Subdivision No. 1 is characterized by its picturesque tree-lined streets and well-maintained homes, many of which boast beautiful landscaping and modern amenities. Residents enjoy spacious lots that provide ample room for outdoor living, gardening, and recreation. The subdivision is known for its friendly atmosphere, where neighbors become friends and community events foster a sense of belonging.

One of the standout features of Hathaway Subdivision No. 1 is its proximity to a variety of parks, hiking trails, and outdoor recreational opportunities. The stunning backdrop of the Rocky Mountains provides a breathtaking setting for outdoor enthusiasts, whether you enjoy hiking, biking, or simply soaking in the natural beauty of the area.

Families will appreciate the excellent schools nearby, as well as the convenience of shopping, dining, and entertainment options just a short drive away. Downtown Colorado Springs, with its vibrant culture and diverse offerings, is easily accessible, ensuring that residents can enjoy the best of both worlds.

With its welcoming community spirit, beautiful surroundings, and convenient location, Hathaway Subdivision No. 1 is more than just a place to live—it's a place to thrive. Discover your dream home in this delightful neighborhood and experience the charm of Colorado Springs living at its finest!

Newest Listings in Hathaway Subdivision No. 1

$670,000

2783225 MLS

MODUS Real Estate is pleased to present the opportunity to acquire 935 Hathaway Dr, a well maintained fourplex in the Cimarron Hills neighborhood of East Colorado Springs, within the Powers submarket and minutes from Peterson Space Force Base, Schriever Space Force Base, and the Colorado Springs Airport. The property consists of four 2 bed / 1 bath units, each approximately 750 square feet, across a 3,000 SF building on a 7,841 SF lot — an efficient, easily managed unit mix with proven long-term tenant demand. Distinct from a heavy value-add play, 935 Hathaway offers stabilized, in-place cash flow. All four units are currently leased and occupied, averaging $1,378.75 per month ($1.84/SF) and producing $66,180 in gross annual rent. In-place NOI of $42,807 represents a 6.39% going-in cap rate at the $670,000 asking price. Year 1 underwriting projects NOI rising to $44,967 (a 6.71% cap), driven by a utility bill-back program that recaptures a portion of the master-metered water and sewer expense — an operational improvement achievable without capital renovation. Built in 1984, the asset positions as an attractive core-plus opportunity for private investors and 1031 exchange buyers seeking durable workforce-housing yield.

935 Hathaway Drive, Colorado Springs

Courtesy of MODUS Real Estate . astephens@moduscommercial.com,720-496-8868

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