This charming 4-plex property is fully occupied and is a great chance for investors and/or homeowner occupants to generate income. With a great mix of two-bedroom and one-bedroom units, this property appeals to a variety of prospective tenants, translating to stable income for the investor. The 4-plex comes with a two-car garage and two storage sheds, features that are unique for most 4-plex properties. The garage and storage sheds could generate additional income for the savvy investor, once the current leases expire. The property's unit-layout is highly functional for tenant living spaces. The 4-plex and garage have new paint as of January, 2025 and the property's front elevation has had recent landscaping upgrades as of fall, 2024. Conveniently located, the property is within walking distance to shopping for tenants. Old Colorado City is also nearby for enjoyment of leisurely shopping and quaint eateries. The property is within 4 minutes or 1.8 miles from Colorado College. It is also within a short driving distance to Ft. Carson, Pikes Peak State College, Downtown and Colorado Technical University. The property will need a new roof, which is reflected in the current pricing of the building. There is a history of repairs in 2016, in 2021, and in 2024 to address foundation and drainage concerns. Drainage improvements and two sump pumps have been added previously. Documentation of the repairs in Seller's possession are provided upon request.
For sale
Price cut: $40K (5/24)
$599,000
1728-1730 Armstrong Ave, Colorado Springs, CO 80904
6beds
4baths
3,110sqft
Est.:
Quadruplex
Built in 1966
-- sqft lot
$-- Zestimate®
$193/sqft
$-- HOA
What's special
Storage shedsRecent landscaping upgradesTwo-car garage
- 28 days
- on Zillow |
- 697 |
- 45 |
Zillow last checked: 7 hours ago
Listing updated: July 08, 2025 at 10:54pm
Listed by:
Mary Reid 719-510-4632,
Reid Realty, Inc
Source: Pikes Peak MLS,MLS#: 4961326

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Forced Air, Natural Gas
Cooling
- Ceiling Fan(s)
Appliances
- Included: Range, Refrigerator
- Laundry: None
Features
- Basement: Full
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 3,110
- Total interior livable area: 3,110 sqft
Property
Parking
- Total spaces: 4
Features
- Fencing: Back Yard
Lot
- Size: 10,201.75 Square Feet
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Wood Siding, Framed on Lot, Frame
- Roof: Composite Shingle
Condition
- Existing
- New construction: No
- Year built: 1966
Utilities & green energy
- Water: Municipal
- Utilities for property: Electricity Connected, Natural Gas Connected, Phone Available
Community & HOA
Location
- Region: Colorado Springs
Financial & listing details
- Price per square foot: $193/sqft
- Annual tax amount: $2,150
- Date on market: 7/9/2025
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
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