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
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182
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5
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Zillow last checked:
Listing updated:
Listed by:
Lee Wagner417-459-2155lee.wagner@cushwake.com,
Cushman & Wakefield,
Lee Wagner417-459-2155,
Cushman & Wakefield
Source: REcolorado as distributed by MLS GRID,MLS#: 4813268
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
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
5/8/2026
Price change
$840,000-2.9%$176/sqft
Source: REcolorado as distributed by MLS GRID #4813268Report a problem
3/20/2026
Listed for sale
$865,000+317.9%$181/sqft
Source: REcolorado as distributed by MLS GRID #4813268Report 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.
See how much you could borrow to make a competitive offer.
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.