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Sold for $875,000
  • $875,000

    504 - 516 Winnie Way, Colorado Springs, CO 80904

    --beds
    --baths
    3,456sqft
    Quadruplex
    Built in 1984
    -- sqft lot
    $835,100 Zestimate®
    $253/sqft
    $1,639 Estimated rent

    Home value

    $835,100

    $752,000 - $927,000

    $1,639/mo

    Zestimate® history
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    What's special

    Light interior upgrades
    ***Quadplex in Highly Desirable Pleasant Valley Neighborhood*** Cushman & Wakefield is pleased to present an exceptional opportunity to acquire 504–516 Winnie Way, a well-maintained, four-unit multifamily asset located in the highly desirable Pleasant Valley neighborhood on the west side of Colorado Springs, CO. This property benefits from a prime infill location just minutes from some of the city’s most iconic destinations, including Garden of the Gods, Old Colorado City, and Downtown Colorado Springs, offering residents unparalleled access to outdoor recreation, local dining, retail, and major employment hubs. Built in 1984, the property comprises four spacious 2-bedroom/1.5-bath units, each thoughtfully designed for functional living. With a total building area of 3,456 square feet and an average unit size of approximately 864 square feet, the asset presents a balanced combination of scale, livability, and ease of management. Located in El Paso County, Colorado Springs continues to rank as one of the fastest-growing cities in the country, supported by a diversified economy with major employment drivers in the defense, aerospace, technology, and healthcare sectors. 504–516 Winnie Way offers investors stable in-place income with significant upside through rent increases and light interior upgrades as leases turn. With below-market rents and strong rental demand, the asset is well-positioned for value creation in a supply-constrained submarket. This offering represents an ideal opportunity for investors seeking a stabilized, low-maintenance multifamily asset with long-term growth potential in one of Colorado’s most dynamic and resilient markets.

    Zillow last checked:

    Listing updated:

    Listed by:

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

    Cushman & Wakefield

    Bought with:

    Other MLS Non-REcolorado

    NON MLS PARTICIPANT

    Source: REcolorado as distributed by MLS GRID,MLS#: 2011515MLS Logo

    Facts & features

    Interior

    Heating
    • Forced Air
    Cooling
    • None
    Features
    • Has basement: No
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 3,456
    • Total interior livable area: 3,456 sqft
    • Finished area above ground: 3,456

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage - Attached
    • Attached garage spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    Details
    • Parcel number: 7402312106
    • Zoning: PUD
    • Special conditions: Standard

    Construction

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

    Utilities & green energy

    • Sewer: Public Sewer

    Community & neighborhood

    Location
    • Region: Colorado Springs
    • Subdivision: Kings Manor Sub

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Ownership: Corporation/Trust

    Price history

    DateEventPrice
    12/12/2025Sold$875,000-6.9%$253/sqft
    Source: REcolorado as distributed by MLS GRID #2011515 Report a problem
    11/18/2025Pending sale$940,000$272/sqft
    Source: REcolorado as distributed by MLS GRID #2011515 Report a problem
    10/31/2025Price change$940,000-2.1%$272/sqft
    Source: REcolorado as distributed by MLS GRID #2011515 Report a problem
    8/7/2025Listed for sale$960,000+236.8%$278/sqft
    Source: REcolorado as distributed by MLS GRID #2011515 Report a problem
    6/13/2025Listing removed$1,595
    Source: Zillow Rentals Report a problem
    6/4/2025Listed for rent$1,595
    Source: Zillow Rentals Report a problem
    5/22/2012Sold$285,000+78.1%$82/sqft
    Source: Public Record Report a problem
    11/2/2009Sold$160,000-58.5%$46/sqft
    Source: Public Record Report a problem
    1/27/2006Sold$386,000+10.6%$112/sqft
    Source: Public Record Report a problem
    9/29/2004Sold$349,000$101/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$5,057 +154%$49,830
    2023$1,991 -9.8%$49,830 +40.1%
    2022$2,207 $35,580 -4.9%
    2021-- $37,410 +30%
    2020$1,953 +0.5%$28,780
    2019$1,943 +20.6%$28,780 +24.1%
    2018$1,612 -5.3%$23,190
    2017$1,702 +5.6%$23,190 +8.6%
    2016$1,612 +30.2%$21,350
    2015$1,238 +15.6%$21,350 +20%
    2014$1,071 $17,790
    2013-- --
    2012-- $17,800
    2011$1,792 $17,800 -41.4%
    2010-- $30,370
    2009-- $30,370
    2008-- $30,370
    2006-- $30,370

    Find assessor info on the county website

    Neighborhood: Old Colorado City

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: West
    • Middle: West
    • 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
    $835,100
    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
    $835,100