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Sold for $640,000
  • $640,000

    3960 Stonedike Drive, Colorado Springs, CO 80907

    8beds
    4baths
    3,400sqft
    Quadruplex
    Built in 1980
    -- sqft lot
    $646,000 Zestimate®
    $188/sqft
    $1,613 Estimated rent

    Home value

    $646,000

    $581,000 - $717,000

    $1,613/mo

    Zestimate® history
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    $1,613/mo

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    $3,639/mo

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    $3,639/mo

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    What's special

    Functional layoutsOn-site laundry facilityUpdated windows
    ***Incredible Investment Opportunity***3960 Stonedike Drive in Colorado Springs, Colorado, represents a compelling opportunity to acquire a stabilized multifamily asset in one of the state’s most dynamic rental markets. This well positioned property offers four spacious 2 Bed/1 Bath units featuring updated windows, functional layouts, and on-site laundry facility. Strategically located near key employment hubs, major transportation corridors, and retail centers, the property benefits from strong renter demand and minimal vacancy risk. The surrounding neighborhood continues to experience robust population and economic growth, supporting consistent rent appreciation and long-term value stability. This asset provides investors with a reliable income stream and potential for continued rent growth, supported by the region’s constrained housing supply and downward trending occupancy rates. With no need for professional management and limited near-term capital needs, 3960 Stonedike Drive offers both operational efficiency and scalability within a resilient submarket. The property’s strong fundamentals, attractive location, and positive market outlook make it an ideal acquisition for investors seeking a secure, cash-flowing multifamily investment in the Colorado Springs market.

    Zillow last checked:

    Listing updated:

    Listed by:

    Nic Polaski 719-238-9074 Nic.Polaski@cushwake.com,

    Cushman & Wakefield

    Bought with:

    Nic Polaski, 100099164

    Cushman & Wakefield

    Source: REcolorado as distributed by MLS GRID,MLS#: 3598101MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Heating
    • Baseboard
    Cooling
    • None
    Appliances
    • Included: Cooktop, Dishwasher, Range, Refrigerator
    • Laundry: Common Area
    Features
    • Ceiling Fan(s)
    • Flooring: Carpet, Vinyl
    • Has basement: No
    • Number of fireplaces: 4
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 3,400
    • Total interior livable area: 3,400 sqft
    • Finished area above ground: 3,400

    Property

    Parking
    • Total spaces: 8
    • Parking features: Asphalt
    • Details: Off Street Spaces: 8
    Features
    • Entry location: Corridor Access
    • Exterior features: Rain Gutters
    • Fencing: Partial
    • Has view: Yes
    • View description: Mountain(s)
    Lot
    • Size: 9,240 Square Feet
    • Features: Near Public Transit
    Details
    • Parcel number: 7325314004
    • Zoning: R5
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Contemporary
    • Property subtype: Quadruplex
    Materials
    • Stucco
    Condition
    • Year built: 1980

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Holland Park
    HOA
    • Has HOA: No
    Location
    • Region: Colorado Springs

    Financial & listing details

    • Price per square foot: $188/sqft
    • Tax assessed value: $726,920
    • Annual tax amount: $2,492
    • Date on market: 11/10/2025
    • Listing terms: 1031 Exchange,Cash,Conventional
    • Exclusions: None
    • Ownership: Individual

    Price history

    DateEventPrice
    12/16/2025Sold$640,000-1.5%$188/sqft
    Source: REcolorado as distributed by MLS GRID #3598101 Report a problem
    11/23/2025Pending sale$650,000$191/sqft
    Source: REcolorado as distributed by MLS GRID #3598101 Report a problem
    11/10/2025Listed for sale$650,000+173.1%$191/sqft
    Source: REcolorado as distributed by MLS GRID #3598101 Report a problem
    8/13/2014Sold$238,000+109%$70/sqft
    Source: Public Record Report a problem
    10/6/1993Sold$113,900$34/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$4,933 +153.5%$48,700
    2023$1,946 -9.8%$48,700 +40.1%
    2022$2,158 $34,770 -4.9%
    2021-- $36,570 +30%
    2020$1,909 +0.5%$28,130
    2019$1,899 +20.6%$28,130 +24.1%
    2018$1,575 -5.3%$22,660
    2017$1,663 +5.6%$22,660 +8.6%
    2016$1,575 +30.2%$20,870
    2015$1,210 +15.6%$20,870 +20%
    2014$1,046 $17,390
    2013-- --
    2012-- $18,910
    2011$1,487 $18,910 -25%
    2010-- $25,210
    2009-- $25,210
    2008-- $25,210
    2006-- $25,210 +17.6%
    2004-- $21,430
    2003$1,251 +3.7%$21,430 -2.5%
    2002$1,206 +2.1%$21,990 +8%
    2001$1,182 $20,360
    Find assessor info on the county website

    Neighborhood: West Colorado Springs

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Jackson
    • 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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    Estimated market value
    $646,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $646,000