8220 W US Highway 24 Cascade, CO $ 815,000
8220 W US Highway 24
$ 815,000
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8220 W US Highway 24

Cascade, CO, 80809
$ 815,000
Bedrooms8 Baths4.0 Sq 2,754

Monthly Estimate*

$ 5,146

Listed by Call It Closed International Realty
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Multi-Family Home for sale in Cascade, CO

for $815,000 with 8 bedrooms and 4 full baths. This 2,754 square foot home was built in 1955 on a lot size of 2.

Rare Ute Pass income play on 2 usable acres between Woodland Park and Colorado Springs - a fully-occupied 1955 fourplex with a 5+ year near-zero-vacancy track record and real capital already in the ground: upgraded electrical, all-new windows, and two turnkey-remodeled units (new kitchens, LVP flooring, paint, and appliances). Four 2-bed/1-bath units (~689 sf) with gas heat, gas ranges, refrigerators, and in-unit washer hookups; shared dryer, bear-proof trash, and a utility shed on the grounds. Lean operating profile - tenants cover electric, gas, and water; owner carries trash only. Unincorporated El Paso County has no short-term-rental permit requirement (buyer to verify) - pair that with two already-renovated units, a private drive, abundant parking, mountain views, and national-forest access, and the property reads as a compelling STR / mid-term-rental conversion or owner-occupant house-hack (FHA/VA financing possible on a 2-4 unit). Three of four units month-to-month by August leave clear mark-to-market and pet-premium upside. Financials, rent roll, and a short-term-rental analysis available to qualified buyers.

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Multi-Family Active

Price

$ 815,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 2,706

Style

Quadruplex

Lot Size

2

Year Built

1955

Town/City

Cascade

County/Region

El Paso

MLS | Web ID

6707316

Features
General
Sewer Septic Tank
Heating Natural Gas Wall Furnace
Cooling Attic Fan
Utilities Cable Available Electricity Connected Natural Gas Connected Phone Connected
Possession Closing/DOD
Roof Other
Appliances Range Refrigerator
Zoning R-T
Garage Spaces 0
Patio/Porch Features Covered Front Porch
Construction Materials Frame Wood Siding
Exclusions Tenant personal property.
Year Built 1955
Tenant Pays Electricity Gas Water
View Mountain(s)
Levels One
Property Subtype Quadruplex
Tax Year 2025
Ownership Corporation/Trust
Gross Income 71040
County El Paso
Operating Expense 28327
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name Guier
Status Active
Directions From the stoplight in Cascade go northwest on US Highway 24 for 0.9 mile; turn right into the property then right up the driveway - property is at the top on the left.
High School Manitou Springs
City Cascade
Senior Community Y/N N
High School District Manitou Springs 14
Lot Size Units Square Feet
Lot Size Square Feet 87120
Carport Spaces 0
Listing Terms Cash Conventional FHA VA Loan
Elementary School Manitou Springs
Tax Annual Amount 2706
Middle/Junior High School Manitou Springs
Property Condition Updated/Remodeled
Ok to Lease Month To Month
Structure Type Quadruplex
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Manitou Springs 14
Elementary School District Manitou Springs 14
Cap Rate 5.2
Leasehold Rent $/Mo 5920
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Exterior
Exterior Amenities Balcony
Fencing None
Parking Features Unpaved
Lot Features Foothills
Water Source Public
Total Parking 8
Lot Size Area 87120
Building Area Total 2754
Lot Size Acres 2
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Interior
Flooring Vinyl
Basement (Y/N) N
Above Grade Finished Area 2754
Laundry Features Common Area
Total Bedrooms 8
Total Baths 4
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Internal Only
Street Number 1 8220
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* Excluded Features
List By
Call It Closed International Realty

Broker

(719) 244-6378

Phone

Affordability Calculator

$5,371
Per Month
96%
4%
0%
Monthly Principal & Interest
$5,146
Monthly Property Taxes
$226
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
3043206 Elementary School
3043706 Middle School
Manitou Springs High School High School
Pricing History
DatePricePrice ChangeDescription
7/19/2026$815,000 Listed Price

Map


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8220 W US Highway 24, Cascade, CO, 80809 is a Multi-Family Home for sale at $815,000 with 2,754 sqft and a lot size of 2. 8220 W US Highway 24 has 8 bedrooms, 4.0 baths, and was built in 1955. The property's zip code is 80809 which is in Cascade, CO