Colorado Springs Real Estate Search

Colorado Springs Multi-Family Properties for Sale

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Newest Colorado Springs Multi-Family Homes for Sale

$574,000
4 Beds 2 Baths 1788443 MLS
124 & 126 W Cheyenne Road presents a rare opportunity to acquire a well-maintained duplex in a highly desirable Colorado Springs location. Constructed in 1956, the property consists of two spacious residential units totaling approximately 1,801 square feet. Each unit features a functional 2-bedroom, 1-bathroom/1.5 bathroom floor plan designed to appeal to a broad tenant base seeking comfortable living accommodations in a convenient urban setting. The property offers two carport spaces on 124 and two car garage at 126, providing a valuable amenity for residents and enhancing overall tenant satisfaction. Its manageable size and straightforward operation make it an attractive investment opportunity for both first-time and experienced multifamily investors seeking stable rental income and long-term appreciation potential. Situated along the South Nevada Avenue and Cheyenne Road corridor, the property benefits from excellent access to Downtown Colorado Springs, Interstate 25, major employment centers, retail destinations, dining options, and recreational amenities. Residents enjoy proximity to some of the area's most notable attractions, including The Broadmoor, Cheyenne Mountain, and the extensive trail systems and outdoor recreation opportunities that make Colorado Springs one of Colorado's most desirable places to live. Supported by a diverse regional economy, continued population growth, and strong rental demand, 124 & 126 W Cheyenne Road offers investors the opportunity to acquire a well-located duplex asset positioned to benefit from the ongoing growth and economic strength of the Colorado Springs market.

124 W Cheyenne Road, Colorado Springs

$1,499,999
6848985 MLS
Rare Black Forest Retreat:Elevated Living on 20 Acres.Welcome to your private sanctuary, atop one of the highest elevations in Black Forest:panoramic views of the Front Range create a breathtaking backdrop for everyday living.This exceptional 20-acre farmhouse offers a perfect blend of charm, modern updates, and expansive Colorado living:Highly sought-after District 38 community.Beautifully appointed residence welcomes you,complemented by a 30’ x 50’ barn ready for horses,hobbies,storage,or your next creative pursuit. Horse-friendly zoning/noHOA, this property provides the freedom and space to truly make it your own.Updated inside and out/features fresh interior and exterior paint,refined landscaping,new carpet,refreshed bathrooms, and an inviting kitchen for entertaining.The heart of the home showcases stone countertops,updated appliances,and a striking butcher block that brings function and character to the space.Effortless flow,beautiful stone fireplace, cozy breakfast nook, formal dining,and office space perfect for remote work.Generous mudroom,conveniently connected laundry enhances practical luxury. Primary suite is a true retreat, fireplace, spa-inspired five-piece bathroom, charming clawfoot tub, and private balcony, take in peaceful mountain views.The finished walkout basement expands the living experience with a large rec room, bathroom, and flex space for entertaining, homeschooling, or a secondary work-from-home area. Bonus loft above the garage offers incredible potential for guests, extended family, or retreat. Complete with living area, wet bar, three-quarter bathroom, and bedroom, the perfect blend of independence and comfort. Experience Colorado living with sweeping Pikes Peak views or unwind on the shaded back patio surrounded by newly designed landscaping. Every season brings a new way to enjoy this remarkable property. Rare opportunity to own acreage, privacy, views, farmhouse elegance in Black Forest. This is where Colorado dreams become home.

18155 Bar X Rd, Colorado Springs

$599,000
6040777 MLS
A rare opportunity to own a versatile, income-producing property in the heart of Colorado Springs with no HOA and no covenants. Perfectly positioned near Knob Hill just minutes from Patty Jewett Golf Course, the Olympic Training Center, Colorado College, and downtown Colorado Springs, this property puts the very best of the city right at your doorstep. This thoughtfully maintained 1952 raised-ranch sits behind a 5-foot stucco privacy fence on a fully xeriscaped corner lot, blending low-maintenance living with serious curb appeal. The fascia, fencing, gutters, and gables are PVC or covered with white mastic material, meaning zero rot, peeling, mold, or repainting ever. The Trex sundeck and stucco exterior round out an exterior built to last with minimal upkeep. Each unit is fully self-contained and move-in ready. The upper level features three bedrooms, a flex space that works as a reading nook or small office, a full living room, dining room, kitchen, and full bath, all with original hardwood floors throughout. The garden-level lower unit mirrors the layout with three bedrooms, its own flex space, full living room, dining room, a kitchen with gas stove, and full bath. Both units include a full appliance package with washer and dryer. Storage and parking are exceptional. The oversized two-car garage includes a loft, a shed is included, and the property accommodates at least four additional vehicles plus RV parking. No covenants. No HOA. Pure opportunity.

1802 E Uintah St, Colorado Springs

$599,000
6 Beds 2 Baths 4366812 MLS
A rare opportunity to own a versatile, income-producing property in the heart of Colorado Springs with no HOA and no covenants. Perfectly positioned near Knob Hill just minutes from Patty Jewett Golf Course, the Olympic Training Center, Colorado College, and downtown Colorado Springs, this property puts the very best of the city right at your doorstep. This thoughtfully maintained 1952 raised-ranch sits behind a 5-foot stucco privacy fence on a fully xeriscaped corner lot, blending low-maintenance living with serious curb appeal. The fascia, fencing, gutters, and gables are PVC or covered with white mastic material, meaning zero rot, peeling, mold, or repainting ever. The Trex sundeck and stucco exterior round out an exterior built to last with minimal upkeep. Each unit is fully self-contained and move-in ready. The upper level features three bedrooms, a flex space that works as a reading nook or small office, a full living room, dining room, kitchen, and full bath, all with original hardwood floors throughout. The garden-level lower unit mirrors the layout with three bedrooms, its own flex space, full living room, dining room, a kitchen with gas stove, and full bath. Both units include a full appliance package with washer and dryer. Storage and parking are exceptional. The oversized two-car garage includes a loft, a shed is included, and the property accommodates at least four additional vehicles plus RV parking. No covenants. No HOA. Pure opportunity.

1802 E Uintah Street, Colorado Springs

$750,000
8814500 MLS
This listing offers TWO great properties in one transaction, both of which are currently tenant occupied under one lease. 20 a 1240 sq ft house/office/showroom with three separate rooms, full kitchen, and a detached 720 sq ft garage with AC, finished interior, and a large overhead drive through door. 22 offers a 2944 sq ft showroom and connected warehouse/garage, and features a ¾ bath in the showroom, two separate office/storage rooms, and a small kitchenette area. This building also offers a single phase 400 AMP service panel, two overhead drive through garage doors to access the garage, and a separate 1/2 bath in the garage for convenience. Each warehouse building has a floor drain for ease, and both houses have basements, allowing for additional storage space. The front of 22 is fully paved, providing parking for about 6 vehicles, while 20 has a chain-link fence, providing separation and distinction between the two addresses if desired. The property is fully fenced, with a double gate access to the warehouses/garages through the front, and gate access from the alley with enough clearance for most work vehicles. The enclosed area between the garages is topped with gravel, providing additional parking, storage and workspace without the worry of excess dirt and mud. This property is conveniently located just minutes from downtown Colorado Springs, and easy access to I-25. No matter what your needs, this wonderful C6 zoned flex industrial space is likely to fit your needs!

22 Iowa Ave, Colorado Springs

$1,250,000
9091193 MLS
Located in one of Colorado Springs' most desirable neighborhoods, this phenomenal, income-producing 4-plex sits within an exclusive, investor-owned community bordering prestigious University Park — offering the privacy of a boutique asset with the stability of a professionally managed portfolio property. Built in 2001 and meticulously maintained, the property is 100% leased to high-quality, long-term tenants at market rents and has been under consistent professional management by Towson View Properties, LLC since 2020. The building comprises four spacious 1,768 sq. ft. townhome-style units — three 3BR/3BA layouts and one premium 2BR/3BA double-master suite configuration — each with a 1-car garage, private driveway, and large unfinished basement offering storage or future expansion potential. Recent capital improvements include a Class-4 impact-resistant roof with new gutters, professional stucco repairs, fresh exterior paint, stainless steel appliances, high-efficiency washers and dryers, 50-gallon water heaters, luxury vinyl plank flooring, carpeting, painting, and updated HVAC systems including two new Trane central A/C units and one new Trane furnace/A/C combination — all professionally serviced bi- annually. A strong, low-dues HOA covers professional grounds maintenance, snow removal, and trash, keeping owner overhead minimal. Close proximity to the 584-acre Austin Bluff Open Space and with UCCS just minutes away, the property benefits from a consistent rental demand pipeline drawn from students, faculty, and university-affiliated professionals who prioritize safety, convenience, and quality of life — making this a truly turnkey asset in a market that rarely sees inventory like it.

5602-5614 Towson Vw, Colorado Springs

$385,000
7271057 MLS
Turnkey Income Property | Duplex | R-4 Zoning | Development Opportunity Exceptional investment opportunity in the rapidly growing Knob Hill area of Colorado Springs. This income-producing duplex offers immediate rental income, flexible leasing options, and significant future development potential on an R-4 zoned lot. The property consists of two separate, fully furnished residential units that are well-suited for executive housing, corporate rentals, traveling professionals, military personnel, medical professionals, relocation clients, or traditional long-term tenants. The front residence is a spacious 2-bedroom, 1-bath home featuring updated finishes, a functional floor plan, dedicated workspace, and inviting outdoor living areas. The rear residence is a private 1-bedroom, 1-bath unit offering comfortable accommodations and independent living space. Located in a highly accessible central Colorado Springs location, the property is minutes from Downtown Colorado Springs, Memorial Hospital, the Olympic & Paralympic Training Center, major military installations, shopping, dining, and employment centers. The area's strong demand for furnished and executive housing creates multiple income strategies for investors and owner-operators alike. The true value-add opportunity lies in the expansive R-4 zoned lot. The rear portion of the property provides potential for additional residential development, allowing investors to explore increased density and future income growth opportunities. Buyers should verify zoning, development standards, utility capacity, and permitted uses with the City of Colorado Springs. Whether you're seeking a turnkey furnished rental investment, a multifamily asset with stable income potential, or a development opportunity with long-term upside, this property offers flexibility and multiple avenues for value creation.

506 Swope Ave, Colorado Springs

$799,900
4774610 MLS
Exciting Shooks Run Multi-family will kick-start your real estate investment portfolio! This profitable property consists of four fully furnished rental units! Walkable to Shooks Run Trail and Downtown Colorado Springs, the location can’t be beat! Owned and operated with tender loving care, every piece of décor has been selected to tell a story. Guests and tenants love staying here! Unit 1 is a two-story space with a groovy 1960’s theme! This unit walks out to the back parking lot. Unit 2 is a single level studio apartment with a Murphy bed and a 1930’s design! Unit 3 is two stories with a cozy interior and drive-up parking at the front, and no units above or below it. Unit 4 has a Mid Century style. This garden level space features direct access to the laundry room. Two units operate as monthly furnished rentals, while Units 1 and 4 are rented as annual furnished rentals. There is a parking lot for a total of three off-street parking spaces, as well as plenty of street parking. There’s a very nice large patio and sitting area in the back of the property. Enjoy a Pikes Peak view and alley access also. The on-site laundry room includes owned coin-operated washer and dryer for a little extra income. A central boiler serves the whole property. Each unit has portable A/C included. Owner provides one internet connection which the building shares. The rents include utilities and trash. Plumbing has been upgraded to PEX. The units have been operated pet-free and smoke-free! This property has been in huge demand with many loyal visitors planning their visits in advance to make sure they get to stay here.

209 N Arcadia St, Colorado Springs

$535,000
8952651 MLS
THE ONE YOU’VE BEEN WAITING FOR! DON’T LET THIS ONE PASS YOU BY! This Exceptional Duplex Offers A Fantastic Investment Opportunity! Lease Out Both Units OR Lease One And Owner-Occupy The 0ther! Located In The Highly Sought-After WESTSIDE! This Property Offers Spacious Units, Each With Its Own Detached 2-Car Garage! Both Units Feature 2 Bedrooms, 2 Bathrooms, And 1,272 Square Feet Of Living Space, With A Thoughtfully Designed And Functional Floor Plan. MAIN LEVEL – EACH UNIT: Enjoy A Generous Living/Great Room Featuring A Wet Bar And Cozy Brick Wood-Burning Fireplace, Along With A Functional Kitchen, Dining Room, Convenient Half Bath, And Laundry Area. UPPER LEVEL – EACH UNIT: Two Generously Sized Bedrooms, Including One Measuring Approximately 17' x 13' And The Other 13' x 12'. The Larger Bedroom Features Two Closets. A Full Bathroom With Tub/Shower Completes The Upper Level. Each Unit Also Offers A Large Private 24' x 12' Patio, Perfect For Relaxing, Entertaining, Or Enjoying The Outdoors. BRAND-NEW ROOF ON BOTH THE DUPLEX AND THE GARAGES! Located Just Steps From Beautiful Thorndale Park, With Easy Access To I-25, Highway 24, And Downtown Colorado Springs. Conveniently Located Just Minutes From Garden Of The Gods, Red Rock Canyon, Old Colorado City, And Manitou Springs, With Abundant Shopping And Dining Nearby. A RARE OPPORTUNITY TO OWN A DUPLEX WITH SPACIOUS UNITS, 2-CAR GARAGES, PRIVATE PATIOS, AND A GREAT WESTSIDE LOCATION! SEE THIS ONE SOON!

2406-2408 W Uintah St, Colorado Springs

$399,900
1439234 MLS
Excellent investment opportunity in the highly desirable 55+ community of Brookdale Skyline Senior Living in Colorado Springs. This well-maintained patio home offers an ideal addition to any investor’s portfolio. Recently updated this residence features central air conditioning, a new roof (Jan 2026), new carpeting and interior paint, newer appliances and a spacious ground-level floor plan with vaulted ceilings that create an open, airy feel. This home offers an open floor plan that includes a living room with vaulted ceiling adjacent to a dining room with access to a side outdoor patio and a generously sized kitchen with a breakfast bar for your morning paper. A primary bedroom with a private en-suite bathroom and walk-in closet share the remainder of the home with a second bedroom and a full hallway bathroom. An attached two-car garage and laundry enhance occupant appeal and convenience. Step outside to the private patio which backs to a quite greenbelt and community walking trail. Residents enjoy a vibrant, amenity-rich lifestyle with access to a clubhouse, pool, exercise facility, and optional meal plans. The location offers quick access to outdoor recreation at Bear Creek Nature Center, nearby nature trails, and Bear Creek Dog Park. A short drive brings you to the renowned Broadmoor Resort and Golf Club. With privacy, strong rental stability, desirable amenities, and proximity to some of Colorado Springs’ most sought-after attractions, this patio home presents a rare opportunity to own in a premier senior living community while generating consistent income. As an added benefit, this owner has one additional property on this street currently for sale: (MLS# 4552401). Buy one or both for a multi-property investment. Please contact the listing agent for additional information. Thank you for your interest.

2533 Patriot Hts, Colorado Springs

$400,000
4552401 MLS
Excellent investment opportunity in the highly desirable 55+ community of Brookdale Skyline Senior Living in Colorado Springs. This well-maintained patio home offers immediate income with a current long-term lease in place, making it an ideal addition to any investor’s portfolio. This recently updated residence features central air conditioning, a new roof (Jan 2026), newer appliances and a spacious ground-level floor plan with vaulted ceilings that create an open, airy feel. The main level includes a generously sized primary suite with a private en-suite bathroom. A cozy gas log fireplace anchors the living area, providing warmth and charm. The finished walkout basement adds valuable living space and flexibility which can be a second bedroom and bathroom, while the attached one-car garage with laundry enhances tenant appeal and convenience. Step outside to the private patios overlooking open space—no rear neighbors means added privacy and peaceful views. Residents enjoy a vibrant, amenity-rich lifestyle with access to a clubhouse, pool, exercise facility, and optional meal plans. The location offers quick access to outdoor recreation at Bear Creek Nature Center, nearby nature trails, and Bear Creek Dog Park. A short drive brings you to the renowned Broadmoor Resort and its championship Golf Club. With privacy, strong rental stability, desirable amenities, and proximity to some of Colorado Springs’ most sought-after attractions, this patio home presents a rare opportunity to own in a premier senior living community while generating consistent income. As an added benefit, this owner has one additional property on this street currently for sale: (MLS 1439234). Buy one or both for a multi-property investment. Please contact the listing agent for additional information regarding lease terms and specifics. Thank you for your interest in this investment opportunity.

2588 Patriot Hts, Colorado Springs

$532,000
8848423 MLS
*Charming Fully Renovated Downtown Home with R2 Zoning and Income Potential!* Welcome to your dream home in the vibrant heart of Colorado Springs! This beautifully renovated residence, situated on a generous double lot, features highly desirable R2 zoning that creates a fantastic investment opportunity for savvy buyers. As you step inside, you'll be greeted by a bright and open layout that immediately makes you feel at home. The stunning kitchen showcases stainless steel appliances, quartz countertops, and ample cabinetry with serving buffet makes it a perfect space for entertaining. The main floor houses a spacious living area that is infused with natural light, and a convenient dining space that flows seamlessly into the kitchen. Venturing downstairs, you'll discover a fully finished basement that offers a private entrance, providing independence and privacy for guests or tenants alike. This versatile basement includes a fully equipped accessory dwelling unit (ADU) featuring its own inviting living area, a full kitchen, a cozy bedroom and bath, and a modern bathroom—making it ideal for generating rental income or providing comfortable accommodations for visiting friends and family. KEY FEATURES: *Double Lot* Enjoy an expansive outdoor area that presents endless possibilities for gardening, entertaining, or future development projects. *R2 Zoning* Take advantage of the versatile zoning that enhances the property's potential, opening doors for various residential and investment opportunities. *Prime Location* Immerse yourself in the vibrant downtown Colorado Springs lifestyle, with an array of nearby shopping, dining, cultural attractions, and beautiful parks just moments away. This property is the perfect blend of a charming home and a lucrative investment opportunity, making it a rarity in today’s market. Don’t miss out on this exceptional chance to become part of the Colorado Springs community. explore all that this remarkable property has to offer!

421 S Prospect St, Colorado Springs

$795,000
1427192 MLS
LOFT LIVING * MOUNTAIN VIEWS * ELEVATOR * COURTYARD * APARTMENT OVER GARAGE * CUSTOM REMODEL * WOOD FLOORS * UPPER DECK * BARN DOORS * OPEN FLOOR PLAN * AC Discover exceptional loft-style living just minutes from downtown Colorado Springs in this thoughtfully reimagined residence. Bursting with modern charm and flexible living spaces, this home offers three distinct components—each designed to inspire. The main living area welcomes you with soaring ceilings, incredible natural light, and panoramic mountain views. An oversized picture window and private deck set the stage for serene Colorado mornings and golden-hour sunsets. The open-concept great room flows seamlessly into a chef-inspired kitchen—perfect for entertaining and everyday living. Upstairs, the spacious primary suite features an updated bathroom, walk-in closet, and a versatile loft landing ideal for a home office, reading nook, or creative retreat. Step out onto your private upper-level deck and soak in the surrounding beauty. Chic design details include barn doors on the laundry and pantry, plus a main-level bedroom with pocket doors that cleverly convert the space into two separate rooms—offering added flexibility. Downstairs, the fully remodeled walk-out basement is a showstopper. With custom built-ins, a luxury wet bar, spa-inspired bathroom with a steam shower, and dedicated bedroom and office nook, this space is both elegant and functional. No expense was spared to make this space sing. And that's not all—above the detached garage, a fully updated apartment awaits. With LVP flooring, neutral finishes, and its own modern bath, it's a perfect guest suite or high-demand income property. Whether you’re seeking an inspiring place to call home, a multi-generational layout, or an investment opportunity—this loft delivers it all with style.

248 Writers Way, Colorado Springs

$1,399,900
1689690 MLS
Welcome to this stunning newly built duplex offering modern design, thoughtful layouts, 9 ft ceilings on the main and upper levels, and investment potential. Each spacious unit boasts 2,594 square feet of finished living space, including a fully finished basement, providing ample room for comfortable living. Unit 135 features double primary suites, basement bedroom, and 4 bathrooms. Unit 125 offers 4 bedrooms, 4 bathrooms, and a convenient main-level office—ideal for remote work or flexible living needs. Both units include fully finished and insulated two-car garages, ensuring year-round comfort and functionality. You’ll find bright, open-concept great rooms highlighted by 9-foot ceilings. The stylish kitchens are anchored by large islands, perfect for entertaining, and flow seamlessly into living areas complete with luxury vinyl flooring and cozy gas fireplaces. The dining rooms walk-out to private back yards. Each primary suite is designed as a private retreat, featuring a spacious walk-in closet and attached bathroom with double vanity. Basements are pre-plumbed for a wet bar and offer a bedroom, full bathroom, and rec room. Enjoy beautiful mountain and city views from the primary bedrooms and a sleek contemporary exterior that enhances curb appeal. With no HOA, owners and investors alike will appreciate the added flexibility. Located in the desirable Creekwalk neighborhood, this property is within easy walking distance to some of the area’s newest restaurants and shopping destinations. Its prime location also offers quick access to I-25, Fort Carson, and downtown Colorado Springs.

135 Terrace Dr, Colorado Springs

$699,900
9488524 MLS
Basically two houses on one lot, in D20. Offering a lot more than most duplexes, each side is big -- nearly 2,300 square feet, with two living rooms (one with brick fireplace), three bedrooms, two baths, a large private yard and a garage parking space. Essentially, it's two homes , but in a centrally located and mature neighborhood where you can walk to the grocery store or find a hiking trail but get on I-25 in just a couple minutes. For investors, both units are vacant and refreshed after being occupied for 7 and 10 years. A new owner has the opportunity to establish rents at current market value with tenants they vetted themselves. For owner-occupants, it's a chance to live in one side while the other helps pay the mortgage and builds equity for a long-term investment in the D20 school district. Rooms are all generously sized, with a very large en suite bedroom in the basement. Washer and dryer hook-ups are provided. Both units have fresh paint and carpet and updated lighting and hardware and are ready for immediate occupancy. Property has a very well-established rental history, and rents on listing are estimates based on size, location and current market: Buyers should be satisfied with their own estimates before making an offer. Gas and electric are separately metered, but water is not and would have to be built into rents. Central location offers easy access to Academy Bouevard, Woodmen Road and I-25, in a quiet neighborhood near tons of amenities, including shopping, groceries and restaurants. Very rare opportunity for a large, move-in ready duplex in a desirable location.

6735 Hampton Dr, Colorado Springs

$589,000
1618882 MLS
AWESOME Rental Property!! Charming duplex in Old Colo City, two blocks from Colorado Ave with so many restaurants and shops to enjoy. Walk down the hill and have dinner while enjoying the sunset. This is a great opportunity to live in one unit and rent out the other or rent both units as investment property. Entire property has recently been updated with all new kitchens, baths, windows, appliances, flooring, light fixtures, drywall, paint inside and out, etc etc.... Upstairs unit features tall ceilings as you enter into a great room with dining area and kitchen, a living area, two bedrooms, bath, laundry room, back deck and lovely front porch. It is open and spacious. A cheerful home. Downstairs unit enters from the side of home. This also consists of living, kitchen, two bedrooms, full bath and large laundry/storage room. Both units are light and bright with plenty of large windows. The location is peaceful as Platte Ave is a dead end at 25th St. so very little traffic. This home was moved to the lot in 1979 therefore the foundation is poured concrete and newer given the age of the home. No need to worry about an old stone foundation as many of the homes have in Old Co City. There are two large flagstone patios in backyard and new landscape in front eliminating the need for water. There is plenty of off street parking for 4 vehicles off the alley. Upstairs unit is currently rented. Lower level is occupied for 3 month furnished finder tenant. Fantastic rental history.

2429 W Platte Ave, Colorado Springs

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