309 8th Street Hugo, CO ^$ 399,000

309 8th Street

^$ 399,000

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309 8th Street

Hugo, CO, 80821

^$ 399,000

Bedrooms8 Baths5.0 Sq 5,082

Monthly Estimate*

^$ 2,489

Listed by Gordon Real Estate Group

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Multi-Family Home for sale in Hugo, CO

for $399,000 with 8 bedrooms and 5 full baths. This 5,082 square foot home was built in 1985 on a lot size of 0.4.

Rare Investment Opportunity in Hugo, CO! A unique chance to own a fully occupied quadplex in Eastern Colorado—an investor’s dream! This well-maintained property boasts a strong rental history and consistent income potential. Unit 1 & Unit 4: Single-level living, each featuring 2 bedrooms and 1 full bathroom. Unit 2 & Unit 3: Two-story layouts, each offering 3 bedrooms and 2 bathrooms. Unit 4 Bonus: Includes an additional storage room attached to the back. Parking: Off-street parking available via the alley, plus an attached 1-car garage available for rental. Each unit has been thoughtfully upgraded over time and features: - Its own kitchen and dining area - In-unit laundry with washer and dryer - Individual furnace and A/C condenser for personalized comfort Don’t miss out on this rare, income-generating property in a high-demand rental market! Reach out to us today for more details!

Multi-Family Active

Price

^$ 399,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 1,747

Style

Quadruplex

Lot Size

0.4

Year Built

1985

Town/City

Hugo

County/Region

Lincoln

MLS | Web ID

3795007

Features

General

Sewer Community Sewer

Heating Forced Air Natural Gas

Cooling Central Air

Utilities Electricity Connected Internet Access (Wired) Natural Gas Connected Phone Connected

Roof Composition Metal

Appliances Dishwasher Dryer Oven Range Hood Refrigerator Washer

Garage Spaces 1

Construction Materials Brick Frame Vinyl Siding

Exclusions Tenant's Personal Property not mentioned in the Inclusions

Year Built 1985

Levels One

Property Subtype Quadruplex

Tax Year 2024

Ownership Individual

Accessibility Accessible Approach with Ramp

County Lincoln

Property Type Residential Income

HOA N

Attached Garage Y

Subdivision Name Hugo

Status Active

High School Genoa-Hugo

City Hugo

Entry Location Ground

Senior Community Y/N N

High School District Genoa-Hugo C-113

Lot Size Units Square Feet

Lot Size Square Feet 17500

Carport Spaces 0

Listing Terms 1031 Exchange Cash Conventional

Elementary School Genoa-Hugo

Tax Annual Amount 1747

Middle/Junior High School Genoa-Hugo

Structure Type Quadruplex

Standard Status Active

Middle/Junior School District Genoa-Hugo C-113

Elementary School District Genoa-Hugo C-113

Cap Rate 5.85

Interior

Basement Crawl Space

Flooring Carpet Linoleum Vinyl

Common Walls 1 Common Wall

Basement (Y/N) N

Above Grade Finished Area 5082

Laundry Features Laundry Closet Main Level

Total Bedrooms 8

Total Baths 5

Exterior

Water Source Public

Total Parking 5

Lot Size Area 17500

Building Area Total 5082

Lot Size Acres 0.4

Internal Only

Street Number 1 309

* Excluded Features

List By

Gordon Real Estate Group

Broker

(719) 349-0423

Phone

Affordability Calculator

$2,635

Per Month

Monthly Principal & Interest: $2,489
Monthly Property Taxes: $146
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Hugo, CO

Average List Price ^$399,000

Percent of Sale Price 0%

About Hugo, CO

752 Population

-10% Since 2002

^$37,065 Median Income

45.64 Median Age

17% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3043074 Elementary School

3043371 Middle School

Genoa-Hugo High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/2/2025	$399,000	-6.12%	Price Down
8/6/2025	$425,000	-5.56%	Price Down
3/20/2025	$450,000		Listed Price

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309 8th Street, Hugo, CO, 80821 is a Multi-Family Home for sale at $399,000 with 5,082 sqft and a lot size of 0.4. 309 8th Street has 8 bedrooms, 5.0 baths, and was built in 1985. The property's zip code is 80821 which is in Hugo, CO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate on this web site comes in part from the Internet Data eXchange (IDX) Program of the REcolorado. Real estate listings held by firms other than Weichert Realtors are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/14/2025.

This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

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PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

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309 8th Street

Multi-Family Home for sale in Hugo, CO

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