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Explore Similar Apartments Within 10 Miles of Penrose, CO

  • /15

    $360,000

    • 1,617 Sq Ft

    735 S 9th St, Cañon City, CO 81212

    Attention Investors! This property offers office space and apartment living. Conveniently located off 9th Street, it boasts a large lot and dedicated business office with 3 separate spaces. The main area is equipped with a restroom. This property also features a 1-bedroom, 1-bathroom apartment complete with a combined kitchen and living room area, complemented by a cozy loft space. Ample outdoor

    Agent Photo

    Chris Montoya

    Keller Williams Performance Realty

    (719) 781-7956

    735 S 9th St, Cañon City, CO 81212
  • /39

    $400,000

    • 4 Beds
    • 1 Bath
    • 1,705 Sq Ft

    303 W 7th St, Florence, CO 81226

    Do not miss this excellent investment opportunity in Florence, Colorado. This 1704 sq ft duplex features two 2 bedroom, 1 bathroom units, and is in nearly-new condition, with a total renovation and new addition completed in 2022. The original home was built in 1948, however, the roof, windows, drywall, electrical, lighting, furnaces (2), on-demand hot water heaters (2), appliances, sewer line,

    Jenny Gatzke HomeSmart Preferred Realty

    303 W 7th St, Florence, CO 81226
  • /25

    $356,900

    805 Woodlawn Ave Unit A and B, Cañon City, CO 81212

    DUPLEX - Canon City Duplex with Brand New Roof! Each unit is large with 952 sqft - 2 bedroom, 1 bath. Walk in and enjoy the open floor plan that leads to large bedrooms, with washer and dryer hook-ups in each unit! This is a well-maintained duplex has a unit at each end allowing for 2 parking spaces each, front entry and side entry with separate patios for each unit, separate gas and electric

    SHERRI HOOD Homesmart Preferred Realty

    805 Woodlawn Ave Unit A and B, Cañon City, CO 81212
  • /39

    $400,000

    • 4 Beds
    • 2 Baths
    • 1,705 Sq Ft

    303 W 7th St Unit 2, Florence, CO 81226

    Do not miss this excellent investment opportunity in Florence, Colorado. This 1704 sq ft duplex features two 2 bedroom, 1 bathroom units, and is in nearly-new condition, with a total renovation and new addition completed in 2022. The original home was built in 1948, however, the roof, windows, drywall, electrical, lighting, furnaces (2), on-demand hot water heaters (2), appliances, sewer line,

    Jenny Gatzke HomeSmart Preferred Realty

    303 W 7th St Unit 2, Florence, CO 81226
  • /3

    $550,000

    120 S Pikes Peak Ave, Florence, CO 81226

    Beautifully updated, Multi-use Historic Love Building in Downtown Florence Historic Business District. Ideally located across from Florence Brewing Company. Charming commercial space on the corner with large windows, updated throughout, large basement for storage. 4 Apartments, each unique. All with solid rental histories. 2 ground floor units with private entrances (one studio and one completely

    Brandon Angel Keller Williams Performance Realty

    120 S Pikes Peak Ave, Florence, CO 81226
  • /43

    $375,000

    712 Macon Ave, Cañon City, CO 81212

    Step into your next business venture with this beautifully restored two-story brick building in the heart of downtown Canon City. Formerly home to a thriving medical practice since 1993, this 2,435 sq. ft. property offers exceptional visibility, flexible layout options, and classic historic charm. The striking brick facade, restored to its original glory, features tall windows with decorative

    PAUL MINOR HOME TOWN REAL ESTATE OF CANON CITY

    712 Macon Ave, Cañon City, CO 81212
  • /17

    $399,900

    304 N 15th St, Cañon City, CO 81212

    This great duplex is centrally located with great access to shopping, dining, etc. Currently occupied by owners in Unit B. Unit A is now vacant and will not be rented out by the current owners. This provides a great opportunity for a myriad of options for a buyer. Rent the other half, use the other half for a family member, whatever you do it will be your choice. Both units are in excellent

    Shane Reeves Reeves Real Estate Llc

    304 N 15th St, Cañon City, CO 81212
  • /18

    $418,000

    910 Allison Ave Unit A & B, Cañon City, CO 81212

    Very attractive 3 bedroom/ 2 bathroom Duplex with Tri-level plan in quiet North Canon tree shaded location. Very large detached garage with alley access that might have possibilities as an accessory dwelling. The main level has a kitchen and living room with bamboo flooring. The upper level has two bedrooms. The garden level has a family room, a bedroom, a utility room, and 1/2 bathroom. Both

    Randy Brady BRADY REALTY

    910 Allison Ave Unit A & B, Cañon City, CO 81212
  • /25

    $299,900

    115 Gumaer Ave, Florence, CO 81226

    Imagine owning not one, but two homes on a single lot, with the potential to generate significant rental income or live in one and rent out the other. This incredible property features a charming 3 bedroom, 1 bath primary home and a cozy 1 bedroom, 1 bath accessory dwelling unit (ADU), both with long-term renters who have a solid history of paying their rent on time.Located in a prime

    Kim Martin PROFICIENT PROPERTY MANAGEMENT SERV

    115 Gumaer Ave, Florence, CO 81226
  • /32

    $425,000

    305 W 2nd St, Florence, CO 81226

    Own a piece of history with this fully updated four-plex in a beautifully maintained Victorian home. Each unit, with separate entry, blends timeless architectural details with newer flooring and custom tile work throughout. These modern updates attract quality tenants and minimize upkeep. With strong rental history, separately metered gas and electricity, plus significant curb appeal, this

    Wayne Jennings Bhhs Rocky Mountain Florence

    305 W 2nd St, Florence, CO 81226
  • /25

    $355,000

    1118 Main St, Cañon City, CO 81212

    Successfully operated as a beauty parlor for over 40 years, this prime business location on Main Street in beautiful Canon City Colorado is prepped and ready to be your next business location. With on street parking at the front, as well as a sizable parking lot at the rear accessed via the alley, parking for employees and clients is abundant. Keep clientele cool during warm summer days with

    Daniel Ullery-Oatney Bhhs Rocky Mountain Florence

    1118 Main St, Cañon City, CO 81212
  • /21

    $399,000

    92 Georgia Ln Unit A & B, Cañon City, CO 81212

    Exceptional Investment Opportunity – High-Occupancy Duplex with Room to GROW! Boasting a consistent 90%+ occupancy rate, this well-maintained light and bright duplex is an ideal addition to any investor’s portfolio. Both units are currently rented with flexible and respectful tenants. Unit B is at a market competitive rental rate with the lease up at the end of 2025. Unit A is slightly

    Jennifer Vernetti EXIT Elevation Realty

    92 Georgia Ln Unit A & B, Cañon City, CO 81212
  • /13

    $635,000

    608 Del Rey Ave, Cañon City, CO 81212

    Check out this fantastic income producing property, with five units currently bringing in $5150 per month. This property has been well maintained over time, and has extra room for storage, splitting the lot, or adding other income producing options. Conveniently located between the highway, shopping and schools, this property would make a great solution for either owner occupied or fully remote

    Ashley Adrian Bell Your Neighborhood Realty Inc

    608 Del Rey Ave, Cañon City, CO 81212
  • /42

    $425,000

    621 Royal Gorge Blvd, Cañon City, CO 81212

    Discover the perfect blend of charm and income potential with this fully leased quadplex, ideally situated in the heart of historic downtown Canon City. Each of the four 1-bedroom, 1-bath units has been thoughtfully updated interior while preserving timeless period features like exposed brick, original hardwood floors, and private sunrooms. Each unit has multiple entry and exit points for added

    Daniel Ullery-Oatney Bhhs Rocky Mountain Florence

    621 Royal Gorge Blvd, Cañon City, CO 81212
  • /10

    $389,900

    531 Yale Place, Cañon City, CO 81212

    Looking for a great investment opportunity? Check out this well-maintained duplex built in 2013! Each unit features 2 cozy bedrooms and a bathroom, making it perfect for families, roommates, or anyone looking to settle down. Plus, you’ll appreciate the convenience of off-street parking—no more circling the block for a spot!Location-wise, you can’t beat it. You’re just a hop away from the

    Kim Martin PROFICIENT PROPERTY MANAGEMENT SERV

    531 Yale Place, Cañon City, CO 81212
  • /17

    $414,900

    523 N 5th St, Cañon City, CO 81212

    **Investment Opportunity: The Colorado House - Brick Duplex in Canon City**Discover a remarkable investment opportunity with "The Colorado House," a gorgeous brick duplex nestled in the vibrant heart of Canon City. Just a stone's throw from Main Street's delightful restaurants and shopping, this property combines historical charm with modern updates, making it an attractive option for savvy

    Nick Sartori Real Broker, LLC

    523 N 5th St, Cañon City, CO 81212
  • /25

    $290,000

    211 Greenwood Ave, Canon City, CO 81212

    Looking for a sweet investment opportunity? Check out this unique property that features both a cozy front home and a charming cottage, all on one lot! Perfectly set up for the savvy investor or someone wanting to live with a little extra help on the mortgage.The front home greets you with a friendly porch, making it a welcoming spot for you or your tenants. It’s accessible right off

    Kim Martin PROFICIENT PROPERTY MANAGEMENT SERV

    211 Greenwood Ave, Canon City, CO 81212
  • /39

    $389,000

    • 6 Beds
    • 4 Baths
    • 2,656 Sq Ft

    623 N 6th St, Cañon City, CO 81212

    Discover this Fourplex in central Canon City, Colorado offeringproximity to Main Street, parks, and schools. Featuring two spacioustwo-bedroom units downstairs and two cozy one-bedroom units upstairs.One updated lower unit boasts new flooring, a remodeled bathroom, freshpaint throughout, and new kitchen tile backsplash. Tenants enjoy theconvenience of off-street parking. With

    Carla Braddy Real Broker, LLC DBA Real

    623 N 6th St, Cañon City, CO 81212
  • /8

    $471,000

    1532 N 15th St, Canon City, CO 81212

    Great tri-plex with steady income. Nice setting with good views. Solid occupancy rate.

    Kurt Zerby KURT ZERBY REAL ESTATE GROUP

    1532 N 15th St, Canon City, CO 81212
  • /33

    $499,999

    1002 Ussie Ave, Cañon City, CO 81212

    Live in One Side, Rent out the Other. This duplex opportunity just keeps getting better. This May, the property is getting some major upgrades. BRAND NEW Class 4 impacted rated roof- built to withstand 2-inch steel balls dropped from 20 feet and winds up to 160mph. Two new evaporated coolers, and two new water heaters already in place. So welcome to this turnkey investment opportunity with

    Jo Byrne The Cutting Edge Realtors

    1002 Ussie Ave, Cañon City, CO 81212
  • /19

    $359,900

    805 Woodlawn Ave Unit A & B, Cañon City, CO 81212

    DUPLEX! Investment Opportunity in Canon City Colorado. Duplex with Large well-maintained Units! New Roof May 2025! Are you looking for income opportunity? Maybe live in one while you rent the other? This may be the place for you! Tenants are in place for instant income and would love to stay. Each 952 sqft unit has 2 bedrooms 1 bath, a small patio outside the back door. Individual gas and

    SHERRI HOOD Homesmart Preferred Realty

    805 Woodlawn Ave Unit A & B, Cañon City, CO 81212

Why Live in Penrose

Penrose, CO, is a rural community situated between Pueblo and Colorado Springs, offering residents a semi-arid landscape with juniper woodlands, hot springs, and proximity to the Arkansas River. The area is known for its spacious acreage, with many properties featuring traditional farmhouses and ranch-style homes on lots ranging from 3 to 40 acres, allowing for agricultural activities such as growing hay and raising livestock. Founded during the gold rush, Penrose provides a quiet environment with stunning views and a moderate heat risk, with summer temperatures reaching the low-to-mid 90s. The community is prone to wildfires, which have a moderate chance of affecting properties over the next 30 years.

Penrose features several outdoor attractions, including the Dakota Hot Springs, Brush Hollow Reservoir, and Florence River Park, which offer opportunities for camping, fishing, paddleboarding, and kayaking. The Penrose Park & Recreation District serves as the main green space, hosting events like the Apple Day Festival. Although Penrose has limited commercial areas, Broadway offers local establishments such as Coyote's Coffee Den and Penrose Pizzeria & Pub, along with the Neighborhood Market for groceries. For additional shopping and dining options, Florence is located about 6 miles southwest.

The Fremont County Transit system provides on-demand transportation, with Pueblo approximately 30 miles east and Colorado Springs about 35 miles north. Pueblo Memorial Airport and Colorado Springs Airport offer flights to various destinations, including international flights starting in June 2025.

Home Trends in Penrose, CO

Housing Trends

Median Sale Price
$394,250
Median Single Family Sale Price
$398,500
Average Price Per Sq Ft
$233
Number of Homes for Sale
26
Last 12 months Home Sales
52
Months of Supply
6.00
Median List Price
$400,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
10%
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