Additional details

Steve Prewitt - CHIC

steve@customhomesincolorado.com +1(719) 439-0241

$650,000

Est. payment - /mo

10,500 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 5876182

Construction Status Existing

HOA Y/N No

Year Built 1970

Annual Tax Amount $1,948

Tax Year 2024

Lot Size 10,500 Sqft

Property Sub-Type Fourplex

Property Description

Solid income-producing 4-plex in Colorado Springs with three of four units occupied and a freshly updated vacant unit ready for immediate lease-up or for a house-hacker looking to occupy a unit themselves. The property features two 2BD/1BA units and two 3BD/1BA units in an up/down configuration, with upper-level and garden-level layouts offering natural tenant variety and stable demand across unit sizes. Unit 3 has just been turned with new carpet, fresh paint, and light repairs — move-in ready and primed to generate cash flow from day one. The remaining three units are occupied, providing an income base while you fill the fourth. Exterior features mature trees, xeriscaped front yard, storage closets for each unit, separate shared laundry room, and off-street parking in the rear — a practical amenity for tenants without the maintenance overhead of a garage. The building presents well with stucco construction and a clean curb appeal for the price point. Interiors reflect functional, rentable finishes throughout: tile flooring in kitchens and baths, electric range/oven, full-size refrigerators, tub/shower combos, and ample cabinet storage.

Location

State CO

County El Paso

Area Gaharts Sub Division

Interior

Cooling Wall Unit(s)

Fireplaces Number 1

Fireplaces Type None

Laundry Coin, Common

Exterior

Garage Spaces 4.0

Fence Front

Utilities Available Electricity Connected

Roof Type Composite Shingle

Building

Foundation Garden Level

Water Municipal

Structure Type Frame

Construction Status Existing

Schools

School District Colorado Springs 11

Others

Special Listing Condition Not Applicable

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Listed by Atlas Real Estate Group LLC

Nearby School & Business

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Steve Prewitt - CHIC

+1(719) 439-0241

Broker | Owner | Real Estate Advisor

318 Bonnie CT Colorado Springs, CO 80916

Steve Prewitt - CHIC

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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