935 Hathaway Dr

Off Market

935 Hathaway Dr

Cimarron Hills CO 80915

3000 sq. ft.

Other

Last sold for $670,000

Andrew Stephens, last sold this property on 01 October 2026 after 58 days on market.

Overview

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.

Features

8 carspaces

8 garage spaces

3000 sq. ft. floor area

Other

Estimated Value

Based on this property and similar other properties sold in Cimarron Hills over the last 12 months, the estimated median property value of 935 Hathaway Dr is $115.5k.

Median value

$115.5k

Estimated value range

$5.06k - $780k

Median days on market

103

Estimated value trend

-69%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Cimarron Hills. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 935 Hathaway Dr

2026

Sold

$670,000

01 Oct 2026 by Andrew Stephens, of MODUS Real Estate

2021

Sold

$630,000

22 Jul 2021 by Ling Goddard, of Trade Bridge

2015

Sold

$240,000

09 Oct 2015 by Frank Schlosser

Happy sellers in Cimarron Hills

88%

88% of sellers in Cimarron Hills reported that their sale price either exceeded or met their price expectations.

Cimarron Hills stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Cimarron Hills over the last 12 months.

Local market activity for other properties in Cimarron Hills

In the last 12 months, 16 other properties similar to 935 Hathaway Dr, have been sold.

This represents a 77% decrease in other properties sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Cimarron Hills for a market analysis.

Lane Morrell

at Jeff and Lane Morrell Domestic Team

(47 reviews)

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Monica Breckenridge

at Pink Realty

4.9

(237 reviews)

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Brent and Jen Patterson

at The Fletcher Team & Associates

(61 reviews)

Get a market analysis

Sheena Crompton

at The Fletcher Team & Associates

(61 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Cimarron Hills

Lane Morrell

Sellers who recommend Lane Morrell have praised them for being local expert, clear communication, dedicated, great negotiation, patient, responsive, and resourceful

5 (47 reviews)
3 Reviews in Cimarron Hills
3 Sales in Cimarron Hills

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Monica Breckenridge

Monica Breckenridge is an award winning recommended agent for Cimarron Hills. They have 7 local sales and collected 2 local reviews across the last 12 months.

4.9 (237 reviews)
2 Reviews in Cimarron Hills
7 Sales in Cimarron Hills

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Brent and Jen Patterson

Sellers who recommend Brent and Jen Patterson have praised them for being local expert, attentive, clear communication, dedicated, responsive, well-prepared, and proactive

5 (61 reviews)
2 Reviews in Cimarron Hills

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Sheena Crompton

Sellers who recommend Sheena Crompton have praised them for being local expert, clear communication, attentive, reliable, dedicated, proactive, and responsive