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Pending
  • $635,000

    1820 Monterey Road, Colorado Springs, CO 80910

    8beds
    8baths
    4,006sqft
    : 
    Quadruplex
    Built in 1984
    -- sqft lot
    $625,500 Zestimate®
    $159/sqft
    $-- HOA

    What's special

    Off-street parkingAdded privacy and functionalityRecent exterior improvements
    Cushman & Wakefield is pleased to present 1820 Monterey Rd, a well-located multifamily investment opportunity in Southeast Colorado Springs. The property sits within an established residential neighborhood with convenient access to major thoroughfares like S Academy and I-25. 1820 Monterey Rd is located nearby employment such as Amazon Distribution & Innovation Park, and convenient access to retail & groceries, making it attractive to long-term renters. The asset is comprised of townhome-style units featuring both front and rear entrances, offering added privacy and functionality. Each unit includes a desirable 2-bedroom, 1.5-bath layout, and gas and electric utilities are individually metered, allowing ownership to minimize operating expenses and efficiently manage utility costs. The property has maintained solid occupancy and presents a clear value-add opportunity through rent growth to market levels and value add implementation. Additional features such as off-street parking and recent exterior improvements further enhance tenant convenience and overall property appeal, positioning 1820 Monterey Rd as a stable asset with long-term upside. Please call or text 417-459-2155 with any questions or inquiries.
    46 days
    |
    115
    |
    9
    |

    Zillow last checked: 7 hours ago

    Listing updated: February 26, 2026 at 08:43am

    Listed by:

    Nic Polaski 719-238-9074 Nic.Polaski@cushwake.com,

    Cushman & Wakefield

    Source: REcolorado as distributed by MLS GRID,MLS#: 8164546MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 8
      Heating
      • Forced Air
      Cooling
      • None
      Appliances
      • Laundry: In Unit
      Features
      • Has basement: No
      • Common walls with other units/homes: 1 Common Wall,2+ Common Walls
      Interior area
      • Total structure area: 4,006
      • Total interior livable area: 4,006 sqft
      • Finished area above ground: 4,006

      Property

      Parking
      • Total spaces: 8
      • Details: Off Street Spaces: 8
      Features
      • Levels: Two
      • Stories: 2
      • Fencing: Partial
      Lot
      • Size: 10,714 Square Feet
      • Features: Corner Lot, Cul-De-Sac
      Details
      • Parcel number: 6427211029
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex
      • Attached to another structure: Yes
      Materials
      • Frame, Stucco
      Condition
      • Year built: 1984

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected

      Community & HOA

      Community
      • Subdivision: Colorado Springs
      HOA
      • Has HOA: No
      Location
      • Region: Colorado Springs

      Financial & listing details

      • Price per square foot: $159/sqft
      • Tax assessed value: $596,251
      • Annual tax amount: $2,158
      • Date on market: 2/3/2026
      • Listing terms: 1031 Exchange,Cash,Conventional
      • Exclusions: Sellers Personal Property
      • Ownership: Individual
      • Tenant pays: Electricity, Gas, Internet
      • Electric utility on property: Yes
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        Estimated market value

        $625,500

        $594,000 - $657,000

        $1,367/mo

        Price history

        Price history
        DateEventPrice
        2/26/2026Pending sale$635,000$159/sqft
        Source: REcolorado as distributed by MLS GRID #8164546 Report a problem
        2/3/2026Listed for sale$635,000+13.4%$159/sqft
        Source: REcolorado as distributed by MLS GRID #8164546 Report a problem
        12/2/2020Sold$560,000+30.2%$140/sqft
        Source: Public Record Report a problem
        6/27/2019Sold$430,000+182.9%$107/sqft
        Source: Public Record Report a problem
        10/29/2012Sold$152,000-40.4%$38/sqft
        Source: Public Record Report a problem
        9/1/2004Sold$255,000+39.3%$64/sqft
        Source: Public Record Report a problem
        8/20/1998Sold$183,000$46/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$3,724 +142.1%$39,950
        2023$1,538 -8.4%$39,950 +40.1%
        2022$1,679 $28,520 -4.9%
        2021-- $29,990 +30%
        2020$1,503 +3.1%$23,070
        2019$1,457 +62.7%$23,070 +29.1%
        2018$896 -23.6%$17,870
        2017$1,173 +31%$17,870 +13.1%
        2016$896 +6.2%$15,800
        2015$843 +8.7%$15,800 +10%
        2014$776 $14,370
        2013-- --
        2012-- $14,660
        2011$1,114 $14,660 -25%
        2010-- $19,550
        2009-- $19,550
        2008-- $19,550
        2006-- $19,550 +6.7%
        2004-- $18,330
        2003$1,046 +8.3%$18,330 -2.6%
        2002$966 +7.2%$18,810 +8%
        2001$901 $17,420

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $3,355/mo
        Principal & interest
        $3117
        Property taxes
        $238
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          Climate risks

          Neighborhood: Southeast Colorado Springs

          Getting around

          51 / 100
          Somewhat Walkable
          30 / 100
          Some Transit
          43 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Monterey
          • Middle: Panorama
          • High: Harrison
          • District: Harrison 2

          Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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