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For sale
  • Price cut: $25K (5/8)
    $840,000

    2305 Split Rock Drive, Colorado Springs, CO 80919

    8beds
    8baths
    4,772sqft
    : 
    $5,204/mo
    Get pre-qualified
    Quadruplex
    Built in 1984
    -- sqft lot
    $-- Zestimate®
    $176/sqft
    $-- HOA

    What's special

    Practical unit layoutsQuiet residential neighborhood
    ***New Prime Investment Opportunity in Highly Coveted Area!*** 2305 Split Rock Drive presents an attractive opportunity to acquire a four-unit multifamily property in Colorado Springs, Colorado, one of the fastest-growing cities in the Front Range. Built in 1984 and totaling approximately 4,772 square feet, the property offers investors a stable, small-scale residential asset with manageable operations and consistent rental demand. The property is located within a quiet residential neighborhood in the southeastern Colorado Springs submarket, providing residents with convenient access to major commuter routes, neighborhood retail centers, grocery stores, and everyday services. Nearby parks, schools, and community amenities contribute to a comfortable living environment that appeals to workforce renters and long-term residents. Colorado Springs continues to experience strong economic and population growth driven by its diverse employment base including defense, aerospace, healthcare, technology, and education sectors. Major nearby employers such as Fort Carson, Peterson Space Force Base, and several national defense contractors support steady housing demand throughout the region. With its desirable location, practical unit layouts, and proximity to major employment centers, 2305 Split Rock Drive provides investors with a stable multifamily investment positioned to benefit from Colorado Springs’ long-term economic growth.
    131 days
    |
    182
    |
    5
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Lee Wagner 417-459-2155 lee.wagner@cushwake.com,

    Cushman & Wakefield,

    Lee Wagner 417-459-2155,

    Cushman & Wakefield

    Source: REcolorado as distributed by MLS GRID,MLS#: 4813268MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 8
      Heating
      • Forced Air
      Cooling
      • None
      Features
      • Has basement: No
      • Common walls with other units/homes: 2+ Common Walls
      Interior area
      • Total structure area: 4,772
      • Total interior livable area: 4,772 sqft
      • Finished area above ground: 4,772

      Property

      Parking
      • Total spaces: 8
      • Details: Off Street Spaces: 8
      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 10,000 Square Feet
      Details
      • Parcel number: 7310404012
      • Zoning: R-5/CR HS
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex
      • Attached to another structure: Yes
      Materials
      • Wood Siding
      Condition
      • Year built: 1984

      Utilities & green energy

      • Water: Public

      Community & HOA

      Community
      • Subdivision: Oak Valley Ranch
      HOA
      • Has HOA: No
      Location
      • Region: Colorado Springs

      Financial & listing details

      • Price per square foot: $176/sqft
      • Tax assessed value: $775,503
      • Annual tax amount: $2,672
      • Date on market: 3/20/2026
      • Listing terms: 1031 Exchange,Cash,Conventional
      • Exclusions: None
      • Ownership: Individual
      • Lease term: 12 Months

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/8/2026Price change$840,000-2.9%$176/sqft
        Source: REcolorado as distributed by MLS GRID #4813268 Report a problem
        3/20/2026Listed for sale$865,000+317.9%$181/sqft
        Source: REcolorado as distributed by MLS GRID #4813268 Report a problem
        10/5/1994Sold$207,000$43/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$5,289 +154.8%$51,960
        2023$2,076 -9.8%$51,960 +40.1%
        2022$2,302 $37,100 -4.9%
        2021-- $39,010 +30%
        2020$2,036 +0.5%$30,000
        2019$2,025 +16.7%$30,000 +20.1%
        2018$1,735 -5.3%$24,970
        2017$1,832 +5.6%$24,970 +1.3%
        2016$1,735 +21.4%$24,650
        2015$1,429 +12.7%$24,650 +17%
        2014$1,268 $21,070
        2013-- --
        2012-- $21,070
        2011$1,657 $21,070 -25%
        2010-- $28,090
        2009-- $28,090
        2008-- $28,090 -21.4%
        2006-- $35,760 +17.7%
        2004-- $30,390
        2003$1,422 +3.7%$30,390 +21.6%
        2002$1,371 +2.1%$25,000 +8%
        2001$1,343 $23,140
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Northwest Colorado Springs

        Getting around

        38 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        46 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Trailblazer
        • Middle: Holmes
        • 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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