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 neighborhood offers a perfect blend of suburban tranquility and urban convenience, making it an ideal place for families, professionals, and retirees alike.

Hathaway Subdivision No. 1 is characterized by its tree-lined streets, well-maintained homes, and a strong sense of community. Residents enjoy a peaceful atmosphere while being just a stone’s throw away from the vibrant city life that Colorado Springs has to offer. With easy access to major highways, commuting to nearby cities or exploring the stunning Rocky Mountain landscapes is a breeze.

One of the standout features of this neighborhood is its proximity to a variety of parks and recreational facilities. Families can take advantage of the nearby parks, perfect for weekend picnics, leisurely strolls, or engaging in outdoor sports. The local schools, known for their strong academic programs and dedicated staff, provide an excellent educational foundation for children of all ages.

In addition to the natural beauty and community spirit, Hathaway Subdivision No. 1 is conveniently located near shopping centers, restaurants, and entertainment options. Whether you’re in the mood for a cozy café, a night out at a local eatery, or a day of shopping, everything you need is just a short drive away.

Experience the charm and warmth of Hathaway Subdivision No. 1, where a welcoming community and a vibrant lifestyle await you. Discover your dream home in this delightful neighborhood, and embrace the Colorado lifestyle to the fullest!

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

Start Your Search

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (“IDX”) program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than Above The Clouds Mountain Properties are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. IDX Terms and Conditions

The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp d/b/a elevateMLS.