Located in the highly desirable Cimarron Hills area, 1447 Nokomis Drive presents an exceptional multifamily investment opportunity in the heart of Colorado Springs. This well-maintained fourplex offers a total of 3,106 square feet. It features four spacious units, each designed with two bedrooms and one full bathroom, totaling 8 bedrooms and 4 bathrooms throughout the property. Built in 1972, the asset has been thoughtfully cared for and provides a strong combination of functionality, comfort, and long-term investment potential.
Conveniently situated just off the Powers corridor, the property offers quick access to major employers, shopping centers, restaurants, schools, and everyday amenities. Each unit benefits from ample natural light and practical floor plans, while the upper-level units enjoy beautiful mountain views and inviting sitting areas near the front entrance. Parking is abundant, with eight total parking spaces located at the rear of the property, in addition to convenient street parking in front.
With its desirable location, stable rental configuration, and consistent upkeep, 1447 Nokomis Drive represents an attractive opportunity for investors seeking dependable income potential in a strong Colorado Springs rental market.
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Zillow last checked:
Listing updated:
Listed by:
Lee Wagner417-459-2155lee.wagner@cushwake.com,
Cushman & Wakefield
Source: REcolorado as distributed by MLS GRID,MLS#: 6212298
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 4
Heating
Forced Air, Natural Gas
Cooling
Has cooling: Yes
Appliances
Laundry: Common Area
Features
Has basement: No
Common walls with other units/homes: 1 Common Wall
Interior area
Total structure area: 3,106
Total interior livable area: 3,106 sqft
Finished area above ground: 3,106
Property
Parking
Total spaces: 4
Details: Off Street Spaces: 4
Features
Levels: Two
Stories: 2
Lot
Size: 0.26 Acres
Details
Parcel number: 5407102014
Zoning: RM-30 CAD-
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Quadruplex
Attached to another structure: Yes
Materials
Frame
Roof: Composition
Condition
Year built: 1972
Utilities & green energy
Water: Public
Community & HOA
Community
Subdivision: Cimarron
HOA
Has HOA: No
Location
Region: Colorado Springs
Financial & listing details
Price per square foot: $209/sqft
Tax assessed value: $758,870
Annual tax amount: $3,192
Date on market: 5/22/2026
Listing terms: Cash,Conventional,Other
Exclusions: Seller(S) Personal Property
Ownership: Individual
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
8/5/2026
Listed for sale
$650,000-3.7%$209/sqft
Source: REcolorado as distributed by MLS GRID #6212298Report a problem
7/8/2026
Listing removed
$675,000$217/sqft
Source: REcolorado as distributed by MLS GRID #6212298Report a problem
5/23/2026
Listed for sale
$675,000-3.6%$217/sqft
Source: REcolorado as distributed by MLS GRID #6212298Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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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Middle: Academy for Advanced and Creative Learning
High: Mitchell
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.