1025 Magnolia St Colorado Springs, CO 80907
Cragmor NeighborhoodEstimated payment $4,121/month
About This Home
Turnkey 4-Plex Investment Opportunity – 1025 Magnolia St, Colorado Springs This well-maintained fourplex features (4) 2-bed, 1-bath units—each offering 821 sq ft, in-unit washer and dryer, and private back storage. Major capital improvements already completed: new boiler and water heater (2016), full roof and gutter replacement (2019), and a new driveway (2019). The required Springs Utilities backflow prevention device was just installed. Tenant turnover is minimal, and units are consistently updated during transitions. Property has been proactively maintained, making this a solid plug-and-play investment for the next owner. Full Financials Available.
Listing Agent
Cross Street Colorado LLC Brokerage Email: john@yourcrossstreet.com,720-515-9721 License #100083960 Listed on: 05/23/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,097
Year Built
- Built in 1971
Home Design
- Quadruplex
- Frame Construction
Interior Spaces
- 3,282 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Schools
- Edison Elementary School
- Mann Middle School
- Coronado High School
Utilities
- No Cooling
- Radiant Heating System
Community Details
- No Home Owners Association
- Colorado Springs Subdivision
Listing and Financial Details
- The owner pays for electricity, exterior maintenance, gas, grounds care, insurance, taxes, trash collection, water
- Assessor Parcel Number 63293-13-034
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/01/2025 07/01/25 | Price Changed | $750,000 | -5.1% | $229 / Sq Ft |
| 06/28/2025 06/28/25 | Price Changed | $790,000 | -1.1% | $241 / Sq Ft |
| 05/23/2025 05/23/25 | For Sale | $799,000 | -- | $243 / Sq Ft |
Source: REcolorado®
MLS Number: 2432034
APN: 63293-13-034
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