Penrose, CO Homes under $200,000

/7
$170,000
- Land
- 8 Acres
- $20,885 per Acre
15941 Vietnam Veterans Memorial Hwy, Penrose, CO 81240

Discover the perfect blend of rural charm and agricultural opportunity with this 8.14-acre parcel located in the heart of Penrose, Colorado. Offering expansive views of the surrounding countryside and Pikes Peak in the distance, this level, usable land is ideal for building your dream home, starting a hobby farm, or investing in Colorado land this property has plenty of space for a custom home,

Chris Montoya

Keller Williams Performance Realty

(719) 826-6823

15941 Vietnam Veterans Memorial Hwy, Penrose, CO 81240
/17
$150,000
- 3 Beds
- 2 Baths
- 2,070 Sq Ft
750 J St, Penrose, CO 81240

This 1.5 story BRICK HOME was once a beautiful family home but has been vacant for years. Rumor has it, "Spencer Penrose", had this home built in 1908 with white columns on 3.36 acres with 3 Beaver Creek Ditch shares. It was a beautiful lush apple orchard called "ARCADIA FARMS." Unfortunately squatters move in and made a mess of it, but this may be your opportunity to bring it back to it's glory.

Linda Mattson

Homesmart Preferred Realty

(719) 689-8773

750 J St, Penrose, CO 81240
/23
$199,000
- 3 Beds
- 2 Baths
- 1,216 Sq Ft
205 Illinois St, Penrose, CO 81240

Discover this beautifully renovated home in the heart of Penrose, perfect for first-time homeowners or savvy investors. The property features a 6-foot privacy-fenced yard with alley access and a spacious deck ideal for relaxation and entertaining. Inside, you'll find fresh vinyl plank flooring and new paint throughout. The expansive kitchen, complete with a breakfast bar and ample space for a

Tyson Cool

Properties of Colorado Real Estate Inc

(719) 689-8780

205 Illinois St, Penrose, CO 81240
/4
$100,000
- Land
- 2.78 Acres
- $35,971 per Acre
83 Top Rail Trail, Penrose, CO 81240

Premier 2.78 acre flag lot in Top Rail Ranch Estates! Beautiful mountain views along with gorgeous sunrises and sunsets. Centrally located between Canon City, Pueblo & Colorado Springs. Protective covenants which will help protect your homes value. No HOA! Wide open spaces with room for your horses and RVs. Under ground utilities! Drive-by and see where your next dream home will be located!!

Suzi Adamson

All Seasons LLC.

(719) 417-9943

83 Top Rail Trail, Penrose, CO 81240
/15
$149,000
- Land
- 35 Acres
- $4,225 per Acre
TBD R St, Penrose, CO 81240

Are you ready to embrace the beauty of Colorado's serene landscapes and build your dream home? Look no further! This extraordinary 35.27 acre partially fenced property nestled along Hwy 50 and R St in Penrose in the banana belt of Colorado, offers the perfect canvas for your vision. No HOA or covenants, which makes this manufactured/mobile/affordable housing friendly! This property boasts an

Alyssa Loflin Exp Realty Llc

TBD R St, Penrose, CO 81240
/24
$125,000
- Land
- 35 Acres
- $3,541 per Acre
240 Valley Dr, Penrose, CO 81240

Ready to trade the hustle for the hush of nature? This 35-acre slice of paradise in Penrose is calling your name! Nestled along the peaceful banks of Beaver Creek, this property offers a great buildable site, complete with a well already in place and a couple of bonus structures on the property. Whether you're dreaming of a cozy cabin, a modern farmhouse, or a getaway retreat, your vision to can

Katalena McNew Keller Williams Performance Realty

240 Valley Dr, Penrose, CO 81240
/10
$189,000
- Land
- 40 Acres
- $4,693 per Acre
475 P St, Penrose, CO 81240

Scenic Land with Solar Power, Outbuildings & Valley!This 40 acre AG Forest-zoned property offers a rare combination of space, privacy, and potential. Approximately 7 flat acres sit atop a bluff, featuring a 12x65 mobile home shell—a structure ready for renovation or replacement to suit your needs.The property is equipped with solar power, housed in one of two storage outbuildings, along

Paul Temaat Paul Temaat

475 P St, Penrose, CO 81240
/21
$125,000
- 2 Beds
- 2 Baths
- 840 Sq Ft
350 3rd St, Penrose, CO 81240

Country living in this 2 bed, 1 and 1/2 bath single wide on 1 acre in Penrose. Paved 3rd St. location for convenient commute to Colorado Springs, Canon City and Pueblo are equally accessible. Brush Hollow very close for a recreational getaway. Some finishing touches are needed, such as flooring, or consider buying for new construction, as the mobile is not purged. cash buyers only please. ,

Dale Gagas COLORADO LIFESTYLE PROPERTY & AUCTION

350 3rd St, Penrose, CO 81240
/3
$150,000
- Land
- 1.90 Acres
- $78,947 per Acre
0 Highway 115, Penrose, CO 81240

Great opportunity to own this Commercial agricultural property. Limited access see attachments . Paid water tap not installed. Lots of possibilities .

Roger McKissack Prime Realty Sales, Inc.

0 Highway 115, Penrose, CO 81240
/15
$138,000
- 2 Beds
- 1.5 Baths
- 840 Sq Ft
350 3rd St, Penrose, CO 81240

Country living in this 2 bed, 1 and 1/2 bath single wide on 1 acre in Penrose. Paved 3rd St. location for convenient commute to Colorado Springs, Canon City and Pueblo are equally accessible. Brush Hollow very close for a recreational getaway. Some finishing touches are needed, such as flooring, or consider buying for new construction, as the mobile is not purged. cash buyers only please.

Dale Gagas COLORADO LIFESTYLE PROPERTY & AUCTION

350 3rd St, Penrose, CO 81240
/5
$199,999
- Land
- 4.50 Acres
- $44,444 per Acre
730 6th St, Penrose, CO 81240

Level lot in Penrose with beautiful mountain views! Perfect for building your dream home! Lot located on a corner lot off of paved roads. Within walking distance of the post office, Coyote's Den Cafe, Gooseberry Patch restaurant, and all that downtown Penrose has to offer. Short commute to Canon City, Colorado Springs, Ft. Carson and Pueblo. Land includes a paid in full water contract. Water

Nicole Lawson Exp Realty LLC

730 6th St, Penrose, CO 81240

Colorado Penrose

Home Trends in Penrose, CO

On average, homes in Penrose, CO sell after 73 days on the market compared to the national average of 50 days. The median sale price for homes in Penrose, CO over the last 12 months is $395,500, up 7% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$395,500

Median Single Family Sale Price

$430,000

Average Price Per Sq Ft

$253

Number of Homes for Sale

Last 12 months Home Sales

108

Months of Supply

6.10

Median List Price

$450,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

How to Buy a Home How to Finance a Home How to Sell a Home

In Penrose, you'll find a diverse selection of properties with 11 homes for sale under $200,000, catering to budget-conscious buyers seeking affordable housing solutions. Whether you're a first-time homebuyer in search of a cozy starter home or an investor eyeing a promising opportunity, these affordable homes provide a gateway into the real estate market in Penrose, CO.

Penrose Types of Homes for Sale

Penrose Real Estate Listings

Penrose New Construction Homes

More About Living in Penrose

Homes in Nearby Neighborhoods

Homes in Nearby Cities

Homes in Nearby Counties

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage