The Best-Looking 4-Plex in Cragmor — Investment or House Hack
The best-looking 4-plex in the neighborhood, with 2 of 4 units recently renovated and excellent tenants in place. This property has been carefully maintained, painted, and improved by an owner who takes pride in his properties. The seller has also successfully bought, improved, and sold another multifamily property directly across the street.
Two units feature new waterproof laminate flooring and updated black-tile shower surrounds, while the other two are in solid condition. Rents have been improved, with additional upside remaining. One unit is month-to-month.
On-site laundry provides additional income without collecting quarters.
Due-diligence docs including rent roll, insurance info, utility history, and plumbing receipts.
For Sale By Owner / Flat Fee Listing: Seller is open to creative financing, seller concessions, or mortgage rate buydown options and will assist with the transition for the first 90 days. Seller is also open to being retained as an employee or management resource to assist with showings and maintenance help.
Tenants reside at this property, please call text or email seller Zach Warner @ 719-347-8844 or warner.zach.p@gmail.com
For sale
$725,000
1065 Magnolia Street, Colorado Springs, CO 80907
--beds
--baths
3,348sqft
Quadruplex
Built in 1971
-- sqft lot
$699,900 Zestimate®
$217/sqft
$-- HOA
What's special
- 80 days
- 92
- 13
Zillow last checked:
Listing updated:
Listed by:
Mark Peters 303-517-1659 mark@aplus-property.com,
A+ Property
Source: REcolorado as distributed by MLS GRID,MLS#: 3901521
Facts & features
Interior
Heating
- Baseboard
Cooling
- None
Features
- Has basement: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,348
- Total interior livable area: 3,348 sqft
- Finished area above ground: 3,348
Property
Parking
- Total spaces: 6
- Details: Off Street Spaces: 6
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Exterior features: Balcony
- Has view: Yes
- View description: City
Details
- Parcel number: 6329313031
- Zoning: R-4
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Frame, Stucco, Wood Siding
- Roof: Membrane
Condition
- Updated/Remodeled
- Year built: 1971
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Cragmoor
HOA
- Has HOA: No
Location
- Region: Colorado Springs
Financial & listing details
- Price per square foot: $217/sqft
- Tax assessed value: $655,684
- Annual tax amount: $2,315
- Date on market: 8/15/2026
- Listing terms: Cash,Conventional,FHA,Jumbo,VA Loan
- Ownership: Individual
Estimated market value
$699,900
$665,000 - $735,000
$1,467/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/15/2026 | Listed for sale | $725,000+13.3%$217/sqft |
Source: | ||
| 4/21/2025 | Sold | $640,000-5.2%$191/sqft |
Source: | ||
| 3/11/2025 | Pending sale | $675,000$202/sqft |
Source: | ||
| 2/21/2025 | Listed for sale | $675,000+21.6%$202/sqft |
Source: | ||
| 7/24/2020 | Sold | $555,000+0.9%$166/sqft |
Source: Public Record Report a problem | ||
| 6/2/2020 | Pending sale | $550,000$164/sqft |
Source: Keller Williams Clients Choice Realty #1215087 Report a problem | ||
| 5/30/2020 | Listed for sale | $550,000+213.4%$164/sqft |
Source: Keller Williams Clients Choice Realty #1215087 Report a problem | ||
| 7/14/1998 | Sold | $175,500+25.4%$52/sqft |
Source: Public Record Report a problem | ||
| 12/7/1995 | Sold | $140,000$42/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,964 -49.5% | $46,220 +18.1% |
| 2024 | $3,888 +148.5% | $39,150 |
| 2023 | $1,565 -9.8% | $39,150 +40% |
| 2022 | $1,735 | $27,960 -4.9% |
| 2021 | -- | $29,400 +30% |
| 2020 | $1,535 +0.5% | $22,610 |
| 2019 | $1,526 +16.7% | $22,610 +20.1% |
| 2018 | $1,308 -5.3% | $18,820 |
| 2017 | $1,381 +5.6% | $18,820 +5.8% |
| 2016 | $1,308 +26.9% | $17,780 |
| 2015 | $1,031 +12.7% | $17,780 +17% |
| 2014 | $915 | $15,200 |
| 2013 | -- | -- |
| 2012 | -- | $15,200 |
| 2011 | $1,196 | $15,200 -25% |
| 2010 | -- | $20,270 |
| 2009 | -- | $20,270 |
| 2008 | -- | $20,270 |
| 2006 | -- | $20,270 +17.6% |
| 2004 | -- | $17,230 |
| 2003 | $1,006 +3.7% | $17,230 -2.5% |
| 2002 | $970 +2.1% | $17,680 +8% |
| 2001 | $950 | $16,370 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Central Colorado Springs
Nearby schools
Schools provided by the listing agent
- Elementary: Edison
- Middle: Mann
- High: Coronado
- District: Colorado Springs 11
Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.








