For sale

$725,000

1065 Magnolia Street, Colorado Springs, CO 80907

8beds

4baths

3,348sqft

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Quadruplex

Built in 1971

-- sqft lot

$-- Zestimate^®

$217/sqft

$-- HOA

What's special

Improved curb appealRecently renovated unitsRecent exterior painting

Cushman & Wakefield is pleased to present an exceptional investment opportunity in a well-located 4-plex in Colorado Springs, with two recently renovated units, situated near the University of Colorado Colorado Springs (UCCS) and Interstate 25 (I-25). This multifamily property features four spacious 2-bedroom, 1-bathroom units, offering an attractive combination of high demand, consistent rental income, and long-term appreciation potential. This property is positioned for long-term value appreciation and offers the potential for immediate returns to investors seeking stable income in a high-demand market. Significant capital improvements have been made and recent exterior painting and tree/shrub removal has significantly improved curb appeal. It is an ideal opportunity for those looking to capitalize on the growing rental market in Colorado Springs.

75 days

152

9

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Heating

Baseboard

Cooling

None

Appliances

Laundry: Common Area

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
Parking features: Asphalt
Details: Off Street Spaces: 6

Features

Levels: Two
Stories: 2
Entry location: Exterior Access
Patio & porch: Deck
Exterior features: Balcony
Fencing: None

Lot

Size: 8,929 Square Feet

Details

Parcel number: 6329313031
Zoning: R-4
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex
Attached to another structure: Yes

Materials

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: $584,438
Annual tax amount: $2,315
Date on market: 4/27/2026
Listing terms: 1031 Exchange,Cash,Conventional,FHA,Other,VA Loan
Exclusions: Seller(S) Personal Property
Ownership: Individual

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
4/28/2026	Listed for sale	$725,000+13.3%$217/sqft
Source: REcolorado as distributed by MLS GRID #7340352 Report a problem
4/21/2025	Sold	$640,000-5.2%$191/sqft
Source: REcolorado as distributed by MLS GRID #3489024 Report a problem
3/11/2025	Pending sale	$675,000$202/sqft
Source: REcolorado as distributed by MLS GRID #3489024 Report a problem
2/21/2025	Listed for sale	$675,000+21.6%$202/sqft
Source: REcolorado as distributed by MLS GRID #3489024 Report a problem
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
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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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: Central Colorado Springs

Getting around

26 / 100

Car-Dependent

30 / 100

Some Transit

43 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

2/10
Edison Elementary School
Grades: PK-5Distance: 0.7 mi
4/10
Mann Middle School
Grades: 6-8Distance: 1.4 mi
4/10
Coronado High School
Grades: 9-12Distance: 2.9 mi

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.