Sold for $590,000

$590,000

1850 Monterey Rd, Colorado Springs, CO 80910

8beds

8baths

4,016sqft

Quadruplex

Built in 1984

-- sqft lot

$-- Zestimate^®

$147/sqft

$1,502 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,502/mo

Zestimate^® history

Owner options

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$1,502/mo

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$1,502/mo

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$3,459/mo

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$3,459/mo

Est. payment

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What's special

Ample parkingLarge townhome units

Great investment opportunity! Amazing value add 4-plex property, being sold at a discounted price. Large townhome units, all with two beds and two baths. All units have washer/dryer hook ups. Ample parking. Fully occupied with three month to month leases and the fourth lease expiring in October 2025. Hurry, this is a great deal and it won't last long! This property is being sold as-is and is ready for some TLC and good management. If properly updated & maintained - rents could be potentially doubled. Convenient access to I-25 & military bases.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 8

Heating

Forced Air, Natural Gas

Cooling

None

Appliances

Laundry: Electric Hook-up, Gas Hook-up

Interior area

Total interior livable area: 4,016 sqft

Property

Parking

Total spaces: 12

Lot

Size: 10,072 Square Feet

Details

Parcel number: 6427211032

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Materials

Stucco, Wood Siding, Framed on Lot
Foundation: Crawl Space
Roof: Composite Shingle

Condition

Year built: 1984

Utilities & green energy

Water: Municipal

Community & HOA

Location

Region: Colorado Springs

Financial & listing details

Price per square foot: $147/sqft
Tax assessed value: $624,978
Annual tax amount: $1,960
Date on market: 5/3/2025
Listing terms: Cash,Conventional

Price history

Date	Event	Price
5/2/2025	Sold	$590,000+24.2%$147/sqft
Source: elevateMLS #8632090 Report a problem
2/11/2025	Pending sale	$475,000$118/sqft
Source: REcolorado as distributed by MLS GRID #1922433 Report a problem
1/30/2025	Listed for sale	$475,000$118/sqft
Source: elevateMLS #8632090 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$3,960 +145.6%	$41,870
2023	$1,613 -18.5%	$41,870 +40%
2022	$1,980	$29,900 -4.9%
2021	--	$31,440 +30%
2020	$1,576 +3.1%	$24,180
2019	$1,528 +62.7%	$24,180 +29%
2018	$939 -23.6%	$18,740
2017	$1,230 +31%	$18,740 +13.1%
2016	$939 +6.2%	$16,570
2015	$884 +8.7%	$16,570 +10%
2014	$814	$15,070
2013	--	--
2012	--	$15,370
2011	$1,241	$15,370 -25%
2010	--	$20,500
2009	--	$20,500
2008	--	$20,500
2006	--	$20,500 +17.7%
2004	--	$17,410
2003	$994 +8.3%	$17,410 -2.6%
2002	$917 +7.2%	$17,870 +8%
2001	$856	$16,550