Open House
Sat Apr 25, 1:00pm - 3:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,908 sqft
Price per Sqft $135
Subdivision Tamarack South
MLS Listing ID 8938940
Bedrooms 10
HOA Y/N No
Abv Grd Liv Area 3,908
Year Built 1972
Annual Tax Amount $2,645
Tax Year 2024
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Quadruplex
Source recolorado
Property Description
With two 3-bedroom units and two 2-bedroom units, the layout strikes the ideal balance—spacious, efficient, and highly rentable. Previously operated as successful short-term rentals, you can ride the Airbnb wave or pivot to stable long-term tenants. Currently, 3 of the 4 units are on month-to-month leases, giving you immediate flexibility to reposition and optimize rents.
Built in 1972, the property offers solid construction and functional layouts that keep maintenance predictable and tenants satisfied.
Value-add is where this deal shines. Utilities and WiFi are currently owner-paid—transitioning to tenant-paid services offers an immediate NOI boost. Add coin-operated laundry and fine-tune management to unlock even more upside.
The oversized lot opens the door for added parking or future expansion. Plus, seasonal demand peaks in summer, driving higher occupancy and rental income.
Location ties it all together—minutes from The Broadmoor, Cheyenne Mountain State Park, Broadmoor World Arena, and central Colorado Springs. With quick access to major employers and military bases, tenant demand here isn't a question—it's a constant.
What makes this a smart buy:
1. Proven income with flexible rental strategy
2. Durable construction, efficient layouts
3. Clear value-add (utilities, laundry, rent growth)
4. Strong demand in 80906
5. Expansion and optimization potential
6. Month-to-month leases allow quick repositioning
Bottom line: Cash flow now, upside tomorrow—an asset that performs however you choose to run it.
Open House: Saturday 4/25 | 1–3 PM
Location
State CO
County El Paso
Zoning RM-30
Rooms
Basement Crawl Space
Interior
Interior Features Ceiling Fan(s)
Heating Baseboard
Cooling Air Conditioning-Room
Flooring Carpet, Concrete, Vinyl
Fireplace N
Appliance Dryer, Gas Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
Laundry Common Area
Exterior
Exterior Feature Fire Pit, Private Yard
Fence Partial
Utilities Available Electricity Available, Electricity Connected, Natural Gas Not Available
View Mountain(s)
Roof Type Composition
Total Parking Spaces 6
Garage No
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Frame,Wood Siding
Schools
Elementary Schools Otero
Middle Schools Fox Meadow
High Schools Harrison
School District Harrison 2
Others
Senior Community No
Ownership Corporation/Trust
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
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