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For sale
  • $725,000

    1065 Magnolia Street, Colorado Springs, CO 80907

    --beds
    --baths
    3,348sqft
    : 
    $4,687/mo
    Get pre-qualified
    Quadruplex
    Built in 1971
    -- sqft lot
    $699,900 Zestimate®
    $217/sqft
    $-- HOA

    What's special

    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
    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#: 3901521MLS Logo

      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

        DateEventPrice
        8/15/2026Listed for sale$725,000+13.3%$217/sqft
        Source: REcolorado as distributed by MLS GRID #3901521 Report a problem
        4/21/2025Sold$640,000-5.2%$191/sqft
        Source: REcolorado as distributed by MLS GRID #3489024 Report a problem
        3/11/2025Pending sale$675,000$202/sqft
        Source: REcolorado as distributed by MLS GRID #3489024 Report a problem
        2/21/2025Listed for sale$675,000+21.6%$202/sqft
        Source: REcolorado as distributed by MLS GRID #3489024 Report a problem
        7/24/2020Sold$555,000+0.9%$166/sqft
        Source: Public Record Report a problem
        6/2/2020Pending sale$550,000$164/sqft
        Source: Keller Williams Clients Choice Realty #1215087 Report a problem
        5/30/2020Listed for sale$550,000+213.4%$164/sqft
        Source: Keller Williams Clients Choice Realty #1215087 Report a problem
        7/14/1998Sold$175,500+25.4%$52/sqft
        Source: Public Record Report a problem
        12/7/1995Sold$140,000$42/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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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        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Central Colorado Springs

        Getting around

        27 / 100
        Car-Dependent
        30 / 100
        Some Transit
        43 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

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