Exceptional investment opportunity to acquire a 1985-built, occupied fourplex in the heart of Central Colorado Springs, just minutes from the U.S. Olympic & Paralympic Training Center. This well-maintained property features four spacious two-bedroom, one-bath units, averaging approximately 850 square feet each, providing stable in-place cash flow with significant long-term upside. A standout feature of this asset is its condominium-style layout & designation, creating the opportunity for future individual unit sales, offering investors an alternative attractive value-add exit strategy. Each large two-bedroom unit includes spacious bedrooms with plenty of closet space, full tile tub surrounds and in-building washers and dryers, enhancing tenant convenience and retention. The property has been meticulously maintained, featuring clean common areas, a professionally managed HOA, and recent capital improvements, including PEX water lines, helping reduce future maintenance costs. Hassle free maintenance with HOA covering all landscaping, irrigation, snow removal, parking lot maintenance. Situated in desirable Central Colorado Springs, the property is surrounded by retail, restaurants, with easy access to major transportation corridors that support strong and consistent rental demand. A key differentiator is the property's condo-style configuration, offering future condo conversion potential and the opportunity to sell units individually. As Colorado Springs continues to experience strong population growth and housing demand, this investment provides immediate income with the potential for significant long-term appreciation.
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Zillow last checked:
Listing updated:
Listed by:
Lee Wagner303-292-370000537@00537.com,
Cushman & Wakefield
Source: REcolorado as distributed by MLS GRID,MLS#: 6880991
Facts & features
Interior
Heating
Forced Air
Cooling
None
Features
Has basement: No
Common walls with other units/homes: 2+ Common Walls
Interior area
Total structure area: 3,470
Total interior livable area: 3,470 sqft
Finished area above ground: 3,470
Property
Parking
Total spaces: 4
Details: Off Street Spaces: 4
Features
Levels: Two
Stories: 2
Details
Parcel number: 6409124088
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Quadruplex
Attached to another structure: Yes
Materials
Frame
Roof: Composition
Condition
Year built: 1985
Utilities & green energy
Sewer: Public Sewer
Community & HOA
Community
Subdivision: Colorado Springs
HOA
Has HOA: Yes
HOA fee: $750 monthly
HOA name: Fairhaven
HOA phone: 719-593-9811
Location
Region: Colorado Springs
Financial & listing details
Price per square foot: $173/sqft
Annual tax amount: $2,380
Date on market: 7/30/2026
Listing terms: Cash,Conventional,FHA,VA Loan
Exclusions: Tenant(S) Personal Property
Ownership: Corporation/Trust
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/30/2026
Listed for sale
$599,000$173/sqft
Source: REcolorado as distributed by MLS GRID #6880991Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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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.