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Sold for $570,000
  • $570,000

    4025 Ruskin Way, Colorado Springs, CO 80910

    8beds
    4baths
    3,840sqft
    Quadruplex
    Built in 1972
    -- sqft lot
    $568,000 Zestimate®
    $148/sqft
    $1,187 Estimated rent

    Home value

    $568,000

    $540,000 - $596,000

    $1,187/mo

    Zestimate® history
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    What's special

    Ample off-street parking
    This updated four-plex presents an exceptional opportunity for investors seeking both stable cash flow and long-term appreciation. With a strong track record of consistent occupancy and rental demand, this property delivers a reliable, low-maintenance income stream. Three units have been recently updated with fresh paint, newer appliances, and new flooring—reducing near-term capital expenditures and enhancing tenant appeal. Additional highlights include ample off-street parking and a prime location near schools, parks, shopping, and public transportation. The property offers quick access to major highways, providing convenient commutes to downtown Colorado Springs and multiple military bases—key drivers of sustained rental demand in the area. Situated in a well-established neighborhood with historically low vacancy rates, this four-plex is further strengthened by recent improvements, including a new boiler. A turnkey investment with solid fundamentals and immediate revenue potential.

    Zillow last checked:

    Listing updated:

    Listed by:

    Dan Donivan CRS GRI 719-331-9382,

    RE/MAX Real Estate Group LLC

    Bought with:

    Kyle Tzitzicas

    RE/MAX Real Estate Group LLC

    Source: elevateMLS,MLS#: 3368658MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Heating
    • Hot Water
    Cooling
    • None
    Appliances
    • Included: Oven, Range, Refrigerator
    • Laundry: Coin, Common Area
    Features
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 3,840
    • Total interior livable area: 3,840 sqft

    Property

    Parking
    • Total spaces: 8
    Accessibility
    • Accessibility features: Hand Rails, Stairs to front entrance
    Features
    • Fencing: None
    Lot
    • Size: 8,102 Square Feet
    Details
    • Parcel number: 6414309052

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Brick, Stucco, Framed on Lot
    • Foundation: Garden Level
    • Roof: Composite Shingle
    Condition
    • Existing
    • New construction: No
    • Year built: 1972

    Utilities & green energy

    • Water: Municipal
    • Utilities for property: Electricity Connected, Natural Gas Connected

    Community & HOA

    Location
    • Region: Colorado Springs

    Financial & listing details

    • Price per square foot: $148/sqft
    • Tax assessed value: $654,137
    • Annual tax amount: $2,222
    • Date on market: 11/20/2025
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    12/30/2025Sold$570,000-4.8%$148/sqft
    Source: elevateMLS #3368658 Report a problem
    11/22/2025Pending sale$599,000$156/sqft
    Source: elevateMLS #3368658 Report a problem
    11/20/2025Listed for sale$599,000-4.2%$156/sqft
    Source: elevateMLS #3368658 Report a problem
    11/19/2025Listing removed$625,000$163/sqft
    Source: elevateMLS #6063509 Report a problem
    7/30/2025Listed for sale$625,000-2.3%$163/sqft
    Source: elevateMLS #6063509 Report a problem
    7/2/2025Listing removed$640,000$167/sqft
    Source: elevateMLS #2290411 Report a problem
    5/2/2025Price change$640,000-1.5%$167/sqft
    Source: elevateMLS #2290411 Report a problem
    4/2/2025Price change$650,000-2.2%$169/sqft
    Source: elevateMLS #2290411 Report a problem
    2/20/2025Price change$664,900-0.4%$173/sqft
    Source: elevateMLS #2290411 Report a problem
    2/7/2025Price change$667,900-0.7%$174/sqft
    Source: elevateMLS #2290411 Report a problem
    10/30/2024Price change$672,500-0.4%$175/sqft
    Source: elevateMLS #2290411 Report a problem
    9/5/2024Price change$675,000-3.6%$176/sqft
    Source: elevateMLS #2290411 Report a problem
    8/2/2024Price change$699,900-2.1%$182/sqft
    Source: elevateMLS #2290411 Report a problem
    6/17/2024Price change$714,900-1.4%$186/sqft
    Source: elevateMLS #2290411 Report a problem
    5/24/2024Listed for sale$725,000+66.7%$189/sqft
    Source: elevateMLS #2290411 Report a problem
    4/18/2024Listing removed--
    Source: Zillow Rentals Report a problem
    1/25/2024Price change$895-10.1%
    Source: Zillow Rentals Report a problem
    11/1/2023Price change$995-2.9%
    Source: Zillow Rentals Report a problem
    10/19/2023Price change$1,025-4.7%
    Source: Zillow Rentals Report a problem
    10/12/2023Listed for rent$1,075
    Source: Zillow Rentals Report a problem
    9/26/2019Sold$435,000+23.4%$113/sqft
    Source: Public Record Report a problem
    10/27/2017Sold$352,500+30.6%$92/sqft
    Source: Public Record Report a problem
    5/12/2008Sold$270,000$70/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$4,400 +151.2%$43,830
    2023$1,751 -9.8%$43,830 +40%
    2022$1,942 $31,300 -4.9%
    2021-- $32,910 +30%
    2020$1,718 +0.5%$25,310
    2019$1,709 +435.6%$25,310 +451.4%
    2018$319 -5.3%$4,590
    2017$337 +5.6%$4,590 -0.6%
    2016$319 +19.1%$4,620
    2015$268 +6%$4,620 +10%
    2014$253 $4,200
    2013-- --
    2012-- $4,200
    2011$248 $4,200
    2010-- $4,200 -80.3%
    2009-- $21,280 +406.7%
    2008-- $4,200
    2006-- $4,200 +18%
    2004-- $3,560
    2003$208 +3.7%$3,560 -2.7%
    2002$201 -11.1%$3,660 -5.9%
    2001$226 $3,890
    Find assessor info on the county website

    Neighborhood: Southeast Colorado Springs

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Colorado Springs 11

    Source: elevateMLS. 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
    $568,000
    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
    $568,000