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, young 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 minutes away from the vibrant downtown area, where a plethora of dining, shopping, and entertainment options await. The neighborhood is also conveniently located near major thoroughfares, providing easy access to the breathtaking landscapes of the Rocky Mountains and the outdoor adventures they offer.

Families will appreciate the proximity to highly-rated schools, parks, and recreational facilities. The nearby Palmer Park boasts miles of hiking and biking trails, picnic areas, and stunning panoramic views of the city. For those who enjoy a more leisurely pace, the neighborhood is dotted with quaint coffee shops and local boutiques, perfect for weekend strolls.

Hathaway Subdivision No. 1 is not just a place to live; it's a community where neighbors become friends and memories are made. With its inviting atmosphere, beautiful surroundings, and convenient location, this neighborhood is truly a wonderful place to call home. Whether you're looking to settle down or invest in a property, Hathaway Subdivision No. 1 offers a lifestyle that is both vibrant and serene. Come discover the charm of this delightful community today!

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

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