Welcome to a turnkey income property at a well-kept fourplex in the Crestmoor Park neighborhood that's 100% occupied and producing from day one. With a 6.6% cap rate, current rents of $5,330 per month and a 2025 NOI of $45,959, this one makes sense on paper and holds up in person. The building offers 3,282 square feet across four 2-bedroom, 1-bath units, each with its own full-size washer and dryer, an amenity tenants value and one that helps keep turnover low. A full remodel in 2014 means updated interiors and fewer surprises, and the property has been well maintained since. Private storage units out back add everyday convenience for residents. Seller financing is available, which opens the door to more flexible terms than you'll find on most investment properties. Whether you're adding to your portfolio or buying your first investment, this fourplex is ready to go to work for you. Full financials are available upon request. Reach out today to schedule a showing.
For sale
$695,000
1025 Magnolia St, Colorado Springs, CO 80907
8beds
4baths
3,282sqft
Quadruplex
Built in 1971
-- sqft lot
$-- Zestimate®
$212/sqft
$-- HOA
What's special
- 1 day
- 64
- 13
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Nathan Crumb 303-999-9625,
Keller Williams Realty DTC LLC
Source: elevateMLS,MLS#: 2763154
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Baseboard, Hot Water
Cooling
- Other
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Refrigerator, Self Cleaning Oven, Washer
- Laundry: Electric Hook-up
Interior area
- Total structure area: 3,282
- Total interior livable area: 3,282 sqft
Video & virtual tour
Property
Parking
- Total spaces: 16
Lot
- Size: 8,298 Square Feet
Details
- Parcel number: 6329313034
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Wood Siding, Framed on Lot, Frame
- Foundation: Not Applicable
- Roof: Composite Shingle
Condition
- Existing
- New construction: No
- Year built: 1971
Utilities & green energy
- Water: Municipal
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Location
- Region: Colorado Springs
Financial & listing details
- Price per square foot: $212/sqft
- Tax assessed value: $651,779
- Annual tax amount: $2,301
- Date on market: 10/21/2026
- Listing terms: Cash,Conventional,FHA,Owner Will Carry,VA Loan
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/21/2026 | Listed for sale | $695,000+247.5%$212/sqft |
Source:  elevateMLS #2763154 Report a problem | ||
| 5/19/2015 | Sold | $200,000-19.4%$61/sqft |
Source: Public Record Report a problem | ||
| 7/25/2013 | Sold | $248,000+5.5%$76/sqft |
Source: Public Record Report a problem | ||
| 6/22/2007 | Sold | $235,000-6%$72/sqft |
Source: Public Record Report a problem | ||
| 12/31/2003 | Sold | $250,000-9.2%$76/sqft |
Source: Public Record Report a problem | ||
| 7/25/2002 | Sold | $275,298+54.2%$84/sqft |
Source: Public Record Report a problem | ||
| 5/15/2000 | Sold | $178,500$54/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,097 -49.5% | $45,950 +10.5% |
| 2024 | $4,151 +149.9% | $41,580 |
| 2023 | $1,661 -9.8% | $41,580 +40.1% |
| 2022 | $1,842 | $29,680 -4.9% |
| 2021 | -- | $31,210 +30% |
| 2020 | $1,630 +0.5% | $24,010 |
| 2019 | $1,621 +16.7% | $24,010 +20.2% |
| 2018 | $1,388 -5.3% | $19,980 |
| 2017 | $1,466 +5.6% | $19,980 +5.8% |
| 2016 | $1,388 +26.9% | $18,880 |
| 2015 | $1,095 +12.8% | $18,880 +17% |
| 2014 | $971 | $16,130 |
| 2013 | -- | -- |
| 2012 | -- | $16,130 |
| 2011 | $1,270 | $16,130 -25% |
| 2010 | -- | $21,520 |
| 2009 | -- | $21,520 |
| 2008 | -- | $21,520 |
| 2006 | -- | $21,520 +29% |
| 2004 | -- | $16,680 |
| 2003 | $974 +3.7% | $16,680 -2.6% |
| 2002 | $939 +2.1% | $17,120 +8% |
| 2001 | $920 | $15,850 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Central Colorado Springs
Nearby schools
Schools provided by the listing agent
- District: Colorado Springs 11
Source: elevateMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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