1820 Monterey Road Colorado Springs, CO $ 635,000
1820 Monterey Road
$ 635,000
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1820 Monterey Road

Colorado Springs, CO, 80910
$ 635,000
Bedrooms8 Baths8.0 Sq 4,006

Monthly Estimate*

$ 3,910

Listed by Cushman & Wakefield
1820 Monterey Road, Colorado Springs, CO 80910 - Image 1
1820 Monterey Road, Colorado Springs, CO 80910 - Image 2
1820 Monterey Road, Colorado Springs, CO 80910 - Image 3
1820 Monterey Road, Colorado Springs, CO 80910 - Image 4
1820 Monterey Road, Colorado Springs, CO 80910 - Image 5
1820 Monterey Road, Colorado Springs, CO 80910 - Image 6

Multi-Family Home for sale in Colorado Springs, CO

for $635,000 with 8 bedrooms and 8 full baths. This 4,006 square foot home was built in 1984 on a lot size of 0.25.

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.

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Multi-Family Pending

Price

$ 635,000

Bedrooms

8

Full Bath

8

Property Type

Multi-Family

Taxes

$ 2,158

Style

Quadruplex

Lot Size

0.25

Year Built

1984

Town/City

Colorado Springs

County/Region

El Paso

MLS | Web ID

8164546

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling None
Utilities Electricity Connected
Roof Shingle
Garage Spaces 0
Construction Materials Frame Stucco
Exclusions Sellers personal property
Year Built 1984
Tenant Pays Electricity Gas Internet
Levels Two
Property Subtype Quadruplex
Tax Year 2025
Ownership Individual
County El Paso
Property Type Residential Income
HOA N
Attached Garage N
Contingency None Known
Subdivision Name Colorado Springs
Status Pending
High School Harrison
City Colorado Springs
Senior Community Y/N N
High School District Harrison 2
Lot Size Units Square Feet
Lot Size Square Feet 10714
Carport Spaces 0
Listing Terms 1031 Exchange Cash Conventional
Elementary School Monterey
Tax Annual Amount 2158.17
Middle/Junior High School Panorama
Structure Type Quadruplex
Standard Status Pending
Middle/Junior School District Harrison 2
Elementary School District Harrison 2
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Exterior
Fencing Partial
Lot Features Corner Lot Cul-De-Sac
Water Source Public
Total Parking 8
Lot Size Area 10714
Building Area Total 4006
Lot Size Acres 0.25
Road Responsibility Public Maintained Road
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Interior
Common Walls 1 Common Wall 2+ Common Walls
Basement (Y/N) N
Above Grade Finished Area 4006
Laundry Features In Unit
Total Bedrooms 8
Total Baths 8
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Internal Only
Street Number 1 1820
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* Excluded Features
List By
Cushman & Wakefield

Broker

(719) 238-9074

Phone

Affordability Calculator

$4,090
Per Month
96%
4%
0%
Monthly Principal & Interest
$3,910
Monthly Property Taxes
$180
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
3700231 Elementary School
1912906 Middle School
Harrison High School High School
Pricing History
DatePricePrice ChangeDescription
2/3/2026$635,000 Listed Price

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1820 Monterey Road, Colorado Springs, CO, 80910 is a Multi-Family Home for sale at $635,000 with 4,006 sqft and a lot size of 0.25. 1820 Monterey Road has 8 bedrooms, 8.0 baths, and was built in 1984. The property's zip code is 80910 which is in Colorado Springs, CO