Great investment opportunity! Amazing value add 4-plex property, being sold at a discounted price. Large townhome units, all with two beds and two baths. All units have washer/dryer hook ups. Ample parking. Fully occupied with three month to month leases and the fourth lease expiring in October 2025. Hurry, this is a great deal and it won't last long! This property is being sold as-is and is ready for some TLC and good management. If properly updated & maintained - rents could be potentially doubled. Convenient access to I-25 & military bases.
Sold for $590,000
$590,000
1850 Monterey Rd, Colorado Springs, CO 80910
8beds
8baths
4,016sqft
Quadruplex
Built in 1984
-- sqft lot
$-- Zestimate®
$147/sqft
$2,039 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,039/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 02, 2025 at 12:04pm
Listed by:
Jason Daniels CDPE CIAS CLHMS MRP 719-999-8901,
Finch & Gable Real Estate Company
Bought with:
Jason Daniels CDPE CIAS CLHMS MRP
Finch & Gable Real Estate Company
Source: Pikes Peak MLS,MLS#: 8632090
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Laundry: Electric Hook-up, Gas Hook-up
Interior area
- Total interior livable area: 4,016 sqft
Property
Parking
- Total spaces: 12
Lot
- Size: 10,072 sqft
Details
- Parcel number: 6427211032
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Stucco, Wood Siding, Framed on Lot
- Foundation: Crawl Space
- Roof: Composite Shingle
Condition
- Year built: 1984
Utilities & green energy
- Water: Municipal
Community & neighborhood
Location
- Region: Colorado Springs
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 5/2/2025 | Sold | $590,000+24.2%$147/sqft |
Source:  Pikes Peak MLS #8632090 Report a problem | ||
| 2/11/2025 | Pending sale | $475,000$118/sqft |
Source:  REcolorado #1922433 Report a problem | ||
| 1/30/2025 | Listed for sale | $475,000$118/sqft |
Source: Pikes Peak MLS #8632090 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,960 +145.6% | $41,870 |
| 2023 | $1,613 -18.5% | $41,870 +40% |
| 2022 | $1,980 | $29,900 -4.9% |
Find assessor info on the county website
Neighborhood: Southeast Colorado Springs
Nearby schools
GreatSchools rating
- NAPikes Peak Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 3/10Carmel Middle SchoolGrades: K-8Distance: 0.5 mi
- 2/10Harrison High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- District: Harrison-2
Source: Pikes Peak MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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