PERFECT INVESTMENT OPPORTUNITY NEAR UCCS!
Cushman & Wakefield is pleased to present an exceptional investment opportunity in a well-located 4-plex in Colorado Springs, with one vacant unit, situated near the University of Colorado, Colorado Springs (UCCS) and Interstate 25 (I-25). This multifamily property features four spacious 2-bedroom, 1-bathroom units, offering an attractive combination of high demand, consistent rental income, and long-term appreciation potential.
This well-maintained 4-plex is positioned for long-term value appreciation and offers the potential for strong returns to investors seeking stable income in a high-demand market. It is an ideal opportunity for those looking to capitalize on the growing rental
market in Colorado Springs, particularly in proximity to UCCS and I-25.
Sold for $640,000 on 04/21/25
$640,000
1065 Magnolia Street, Colorado Springs, CO 80907
8beds
4baths
3,348sqft
Quadruplex
Built in 1971
-- sqft lot
$622,400 Zestimate®
$191/sqft
$1,505 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: April 22, 2025 at 03:06pm
Listed by:
Nic Polaski 719-238-9074 Nic.Polaski@cushwake.com,
Cushman & Wakefield
Bought with:
Nic Polaski, 100099164
Cushman & Wakefield
Source: REcolorado,MLS#: 3489024
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Baseboard
Cooling
- None
Appliances
- Laundry: Common Area
Features
- Has basement: No
- Number of fireplaces: 4
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,348
- Total interior livable area: 3,348 sqft
- Finished area above ground: 3,348
Property
Parking
- Total spaces: 6
- Details: Off Street Spaces: 6
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Patio
Lot
- Size: 8,929 sqft
Details
- Parcel number: 6329313031
- Zoning: R4
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Stucco, Wood Siding
- Roof: Membrane
Condition
- Year built: 1971
Utilities & green energy
- Sewer: Public Sewer
Community & neighborhood
Location
- Region: Colorado Springs
- Subdivision: Cragmoor
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional
- Ownership: Individual
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Estimated market value
$622,400