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91 Homes For Sale in Penrose, CO

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$375,000Est. Payment
3 Beds | 2 Baths | 3,988 Sqft
5001 Cr 123, Penrose, CO 81240
House For Sale

Unique custom home on 40 acres just outside Penrose. You will not find another one like this. Solid constructed passive solar home built with Natural Moss Rock. Very well insulated with 36 inches of foam between the Moss Rock Walls. Huge exterior and interior wood beams. Pella wood windows. Solar lines are installed and ready for panels if you want to add working solar but the passive solar heats this home up very quickly and there are 2 airtight wood stoves that will run you out of the house when fired up. This home has floor to ceiling windows with lots of light, huge open floor plan for true Colorado living. Huge master bedroom and bath. Lower level has a huge family room and another kitchen. This home will accommodate a mother in law suite quite easily. New carpet in living areas and new Pergo floor in kitchen. Enormous detached garage shop will hold 6 or more cars. This home needs a bit of TLC on the exterior but priced accordingly. Come see this Colorado ranch today.

$145,000Est. Payment
3 Beds | 2 Baths | 1,216 Sqft
2301 Cr 127, Penrose, CO 81240
House For Sale

Beautiful 40 Acre Lot with Huge Views of the Sangre De Cristos! Pipe Corrals and Tons of Open Pasture for Horses & Livestock. Huge Quonset Hut for hay storage, tractors, mowers, vehicles and more. Quaint 3 bedroom, 2 bath mobile included with new vinyl plank flooring. Mobile is NOT purged... live there while you build, or fix it up and make it home! Cash purchase only. Excellent domestic well and septic system( big enough for a 5 bedroom home) hooked up... come take a look at all the potential! NO HOA or COVENANTS!

$669,900Est. Payment
1 Bed | 2 Baths | 1,848 Sqft
180-20 6th St, Penrose, CO 81240
House For Sale

Welcome to Heart Stone Ranch. This charming 20-acre horse property in Penrose, CO comes with a custom built, 1-bedroom single family structure above the main barn. The bright living space includes vaulted ceilings, maple floors, a large kitchen pantry and two generous walk-in closets. Walk out to 1 of 3 decks and enjoy panoramic views of the surrounding mountains. Main barn includes 3 stalls, a wash bay and a heated tack room with 1/2 bath. An additional 3-stall barn and tack room sits adjacent to the main barn for a total of six stalls for your equine friends. Property also includes a 3-stall loafing shed, a fenced 80'x120' riding arena, a restored vintage barn for your hay storage and 50 amp hook up with septic access for your trailering needs. Need more living space? Water, power are installed and ready for you to build your 4-bedroom dream home. Enjoy sitting by the pond viewing your fruit tree orchard which is irrigated by the domestic well. There are 16 acres of alfalfa pasture and 19 Beaver Park water shares. Just 15 min to Canon City, 25 to Pueblo and 35 to Colorado Springs.

$530,000Est. Payment
3 Beds | 3 Baths | 2,016 Sqft
87 K Street, Penrose, CO 81240
House For Sale

A really nice rancher on 19 acres with fantastic views of the Wet Mountains and the Sangre De Cristos. No close neighbors here! Almost 20 acres, fairly level, good pasture ground, plus a domestic well. Nicely designed rancher recently freshened up with new paint and carpets. Nice big sunken living room, plus additional family room with fireplace. Kitchen has lots of nice cabinets and the dining room has great sunlight from the windows. All the bedrooms are good sized and the master in particular is nice and spacious with a great Master bath and closets. There is a nice courtyard on the front of the house that the owner will be rocking as well as adding other large landscape rocks for the drive. Storage shed and patio. Quick and easy access to Hwy 115.

$315,000Est. Payment
3 Beds | 2 Baths | 1,568 Sqft
1044 P Street, Penrose, CO 81240
Mobile Manufactured For Sale

Nice Horse property set up with stalls , steel pipe arena , frost free water faucets and gates at both ends . Very comfortable 3 bedroom 2 bath manufactured home recently updated with paint , new composite flooring and new appliances in 2020. large fenced in dog kennel and out building. Has oversized 32x24 garage with added 10x36 enclosed stalls. Great views of the southern mountains. Property has approx. 8 acres fenced

$434,000Est. Payment
3 Beds | 2 Baths | 1,596 Sqft
1561 R Street A And #B, Penrose, CO 81240
House For Sale

Two (2) HUD Std-Manufactured fully-contained homes...Yes, 2! Wonderfully built, beautiful, upgraded and permanently anchored to the foundation...PLUS a huge garage on almost 2.5 acres..and no HOA! Does it get better? Perfect setup for a main house and a guest cottage, or maybe a separate home for parents or perhaps adult children that need their separate space. Zoned for horses and completely fenced in (except the driveway entrance). Add to that amazing views and they are ready to be called home! "Unit A" is a 3-bedroom/2-bath with 1,596 square feet; "Unit B" is a 2-bedroom/2-bath with 980 square feet. Each home has its' OWN water tap and electricity; zoned agriculture. WAIT, there's more! A steel/metal 30x40 ft 3-bay garage that can fit an RV AND the property has RV hookups! Could be great setup as an owned residence and a vacation rental as this location is close to Canon City/Penrose and numerous popular tourist attractions such as the Arkansas River (for rafting), the Royal Gorge Bridge, apple/pumpkin orchards, and the Winery at Holy Cross Abbey. One price for the entire property explains the 'seemingly-high' price per square foot. Buyer/Buyers' Agent to verify room measurements, schools, etc.

$395,000Est. Payment
3 Beds | 2 Baths | 2,950 Sqft
1390/1400 K Street, Penrose, CO 81240
House For Sale

Solid brick farm house on 12.7 irrigated acres for sale. Includes 12 shares of Beaver Park water. This home needs some work to bring it back to its former glory but has good solid bones and some past upgrades as well! This three bedroom, two bath home has 1800 sq ft of living area and over 1100 sq ft unfinished basement as well. There are beautiful wood floors throughout, both bathrooms have updates, and a great wood burning stove in the dining area! It includes hot water heat, newer plumbing and a hot water on demand system to boot!

$600,000Est. Payment
5 Beds | 4 Baths | 3,688 Sqft
1451 R Street, Penrose, CO 81240
House For Sale

Check out this beautiful 5 bedroom, 4 bathroom home with walkout basement, on 10 fenced acres! Enjoy efficient living in this spacious home, with owned solar panels, you won't have to worry about a high electric bill again. This home features a large kitchen with granite counter tops, built in grill and newer floors, lighting, open floor plan and amazing views of the mountains. Enjoy ducted pellet stove heating in the winter and central air in the summer, and save on energy costs. All of this and set up for horses! A new roof has been paid for and they are just waiting to get it on the schedule and it comes mostly furnished.

$429,900Est. Payment
3 Beds | 3 Baths | 1,694 Sqft
260 8th Street, Penrose, CO 81240
House For Sale

Perfect location and serenity at its finest. This home has the it factor. Views in all directions, covered 20x35 RV carport with septic dump and power, 2 car attached garage, 1 car 24x30 detached garage and workshop with 220 power and another 30x13 storage shed that could easily be turned into a pole barn and stalls. The 20x16 pavilion is the centerpiece of the backyard with stunning views and a quiet peace. The pavilion is surrounded by mature trees, an abundance of raised flower beds and easy maintenance free landscaping and cement. The house boasts 3 bedrooms and 2 1/2 baths. Large bedrooms and exterior access to bedroom 2. Beautiful laminate flooring invites you as you walk through the front door into the large spacious family room and open living concept to the kitchen and dining area. The laundry room is massive with lots of storage. Large hay field covers the back half of the property and comes with 6 shares of Beaver Park water. This is truly an oasis and sanctuary that will bring any buyer a sense of peaceful pride as they drive up to this exemplary home. The beautiful white fencing surrounding the house gives the home an unforgettable curb appeal. Central air.

$525,000Est. Payment
4 Beds | 4 Baths | 4,398 Sqft
193 Top Notch Trail, Penrose, CO 81240
House For Sale

Custom built home on 3.17 Acres in Top Rail Ranch. Large home offering 4 bedrooms, 3 1/2 baths with attached 3 car garage & detached 32 x 48 shop with additional 16 x 48 covered horse stall area. Truly custom interior with towering vaulted ceilings, slate and hardwood floors, beautifully stained solid wood doors and trim, large bay windows throughout the home are the perfect addition to enjoy the fantastic mountain views, sunrises & sunsets! Large open kitchen offering solid wood cabinets, Corian counters, large prep island and morning breakfast area. Beautiful formal dining room, large family room with warming pellet stove and private office for working from home. Step upstairs to the massive 13 x 33 master bedroom with 3 way gas fireplace, 'huge' walk-in closet, expansive windows and private sun deck. 5 piece master bath with double vanities and inviting jetted spa tub. Downstairs is a large open rec room perfect for entertaining, separate exercise room and large additional bedroom/bath. Perfect location provide quite country living with easy commuting access to Colorado Springs, Pueblo & Canon City. Additional 3 acre lot available next door with riding arena.

$349,900Est. Payment
4 Beds | 3 Baths | 2,056 Sqft
755 N Broadway Street, Penrose, CO 81240
House For Sale

Hard to find single level living, stucco rancher in the heart of Penrose on over 4 acres. Enclosed front court yard provides privacy and tranquility. The wood deck off the back provides huge views of the Wet Mountain range. Four bedrooms, 2.5 baths, living room and family rooms with a beautiful gas fireplace and mantle gracing the living room. Nice open living with room to roam. Kitchen and eat in dining area are open and bright with lots of cabinets and storage. The master bedroom is spacious and easily fits a king size bed and all of the extras. Large attached master bath, with a second bath down the hall and a half bath just off the laundry room. 3 additional bedrooms. Two car attached garage and a second two car detached garage. Plenty of room for a workshop, ATV storage, etc. House is very well maintained with nice wood floors and carpeting throughout. All appliances stay. Brand new roof just installed in November 2020. Chicken coop.

$6,000
$239,000Est. Payment
2 Beds | 1 Bath | 1,358 Sqft
46 3rd Street, Penrose, CO 81240
House For Sale

Remodeled 2 bedroom, 1 bath semi custom home on almost 2 acres. New furnace, new water heater, all new floor coverings, new kitchen, new paint inside and out, and some new windows. Fireplace has its own duct work that heats master bedroom, kitchen, living and family room. Completely new inside. Must see. Also, oversized garage. This home was originally manufactured. However, it has been totally framed around. All new. This takes a special loan.

$800,000Est. Payment
50.98 Acres
14454 Highway 115, Penrose, CO 81240
Lots Land For Sale

Huge investment potential for this 50+ acre property with Hwy. 50 and Hwy. 115 frontage! Unlimited possibilities including potential gas station, truck stop, hotel, campground, or even a single family ranch/farm. Water tap fees (one residential and one commercial) have already been paid and the property is in a prime location for future development. Sparsely wooded with juniper and cottonwood trees, the property is conveniently located within commuting distance of Canon City, Pueblo, and Colorado Springs. Great mountain views!

$280,000Est. Payment
2 Beds | 3 Baths | 1,400 Sqft
528 5th Street, Penrose, CO 81240
House For Sale

Own a piece of the west with this saloon style rancher in a quiet part of Penrose. Recently remodeled and well maintained . Beautiful hardwood floors. Split bedroom design - both with their own bathrooms. The wood burning stove in the living room heats the whole home. Also has propane heat and refrigerated air cooling. The covered front porch has a swing and spectacular mountain views! This 4.5 acre horse property sports a beautiful newer 4 stall horse barn. Separate shed and hay shed, arena and a field that has produced alfalfa and hay. The front yard is green all spring and summer. 1 share of Beaver Park Ditch.

$800,000Est. Payment
50.98 Acres
14454 Hwy 115, Penrose, CO 81240
Lots Land For Sale

Huge investment potential for this 50+ acre property with Hwy. 50 and Hwy. 115 frontage! Unlimited possibilities including potential gas station, truck stop, hotel, campground, or even a single family ranch/farm. Water tap fees (one residential and one commercial) have already been paid and the property is in a prime location for future development. Sparsely wooded with juniper and cottonwood trees, the property is conveniently located within commuting distance of Canon City, Pueblo, and Colorado Springs. Great mountain views!

$800,000Est. Payment
50.98 Acres
14454 Co115, Penrose, CO 81240
Lots Land For Sale

Huge investment potential for this 50+ acre property with Hwy. 50 and Hwy. 115 frontage! Unlimited possibilities including potential gas station, truck stop, hotel, campground, or even a single family ranch/farm. Water tap fees (one residential and one commercial) have already been paid and the property is in a prime location for future development. Sparsely wooded with juniper and cottonwood trees, the property is conveniently located within commuting distance of Canon City, Pueblo, and Colorado Springs. Great mountain views!

$429,750Est. Payment
9 Beds | 5 Baths | 5,364 Sqft
401 Broadway, Penrose, CO 81240
Multi Family For Sale

Well cared for and maintained income producing property with 4 residential units and 2 commercial units, located in Downtown Penrose Colorado. Storage shed on the backside of the lot for owner/landlords use and a total of 12 parking spaces around the building. The 2 commercial units on the first level facing Broadway, 1 residential unit on main floor has covered patio area and open space for play area and outdoor leisure. 3 residential units on top level, one boasting a large outdoor balcony. The common area between the 3 residential units on the top floor has a coin operated washer and dryer and there is an Laundry Mat located across the street from the building. Fire escape at the rear of the building for the top units that is up to code. Total gross income including coin operated laundry is $47,160 producing a nearly 11% gross Cap Rate with current rents. Easy access off of HWY 115 to Broadway. Less than a 45 Minute drive to Colorado Springs and Pueblo. About 15 minute drive to Canon City and Florence. Must have a Proof of Funds or Pre-Approval Letter from Lender to view. Must have an Appointment to View.

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