$590,000
SOLD MAY 2, 2025

1850 Monterey Rd Colorado Springs, CO 80910

Pikes Peak Park Neighborhood
-- Bed
-- Bath
4,016 Sq Ft
10,071 Sq Ft Lot

Recently Sold

$147 Per Sq Ft

24% Above List Price

91 Days on Market

About This Home

As of May 2025

Great investment opportunity! Amazing value add 4-plex property, being sold at a discounted price. Large townhome units, all with two beds and two baths. All units have washer/dryer hook ups. Ample parking. Fully occupied with three month to month leases and the fourth lease expiring in October 2025. Hurry, this is a great deal and it won't last long! This property is being sold as-is and is ready for some TLC and good management. If properly updated & maintained - rents could be potentially doubled. Convenient access to I-25 & military bases.

Last Agent to Sell the Property

Jason Daniels

Finch & Gable Real Estate Company Brokerage Phone: 719-999-8901 Listed on: 01/30/2025

Last Buyer's Agent

Jason Daniels

RE/MAX Millennium

RE/MAX Millennium

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,961

Year Built

  • Built in 1984

Lot Details

  • 10,071 Sq Ft Lot

Parking

  • 12 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,016 Sq Ft Home
  • Crawl Space
  • Gas Dryer Hookup

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,961

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Sub Type: Fourplex
  • Prop. Type: Income
  • Year Built: 1984
  • Attribution Contact: 719-999-8901
  • Special Features: None

Exterior Features

  • New Construction: Existing
  • Foundation Details: Crawl Space
  • Roof: Composite Shingle
  • Exterior Construction: Stucco, Wood
  • Structure: Framed on Lot, Frame

Garage/Parking

  • ParkingSpacesNumberOf: 12
  • ListingUnits_1_NumGarage: 0
  • ListingUnits_2_NumGarage: 0
  • ListingUnits_3_NumGarage: 0
  • ListingUnits_4_NumGarage: 0

Utilities

  • Cooling: None
  • Heating: Forced Air, Natural Gas
  • Utilities: Electricity Connected, Natural Gas Connected
  • Hot Water: Municipal

Schools

  • School District: Harrison-2
  • School District: Harrison-2

Lot Info

  • Program Acres Total: 0.2312
  • Lot Size: 10072.0000

Tax Info

  • Flip Tax Amount: 1960.60
  • Tax Year: 2023

Multi Family

  • Unit Count: 4

Similar Home in Colorado Springs, CO

  • 3144 Promise Point, Colorado Springs, CO 80921

    $505,000

    • 1 Bed
    • 1.5 Baths
    • 1,016 Sq Ft
    • 3144 Promise Point
    • Colorado Springs, CO

    Nestled within the serene area of Black Forest, this paired patio home is part of the exclusive co-housing village known as Sanctuary of Peace—a community that will be complete with just 26 homes. Built by Kahn Construction, a trusted builder with over 30 years of experience, this home offers all the benefits of new construction without the stress of the building process. The seller purchased the

    Gigi Stangle Coldwell Banker Realty

    Section Image
See All Homes in Colorado Springs

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2025 05/02/25 Sold $590,000 +24.2% $147 / Sq Ft
02/12/2025 02/12/25 Off Market $475,000 -- --
01/30/2025 01/30/25 For Sale $475,000 -- $118 / Sq Ft
Source: Pikes Peak REALTOR® Services

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jason Daniels

    Seller's Agent in 2025

    Jason Daniels

    Finch & Gable Real Estate Company

    (719) 999-8900

    5 in this area

    252 Total Sales

    Jason Daniels
    Section Image
See All Agents

Map

Source: Pikes Peak REALTOR® Services

MLS Number: 8632090

Pikes Peak REALTOR® Services

APN: 64272-11-032

Colorado El Paso County Colorado Springs 80910 Pikes Peak Park

1850 Monterey Rd, Colorado Springs, CO

This home is located at 1850 Monterey Rd, Colorado Springs, CO 80910 and is currently priced at $590,000, approximately $146 per square foot. This property was built in 1984. 1850 Monterey Rd is a home located in El Paso County with nearby schools including Monterey Elementary School, Carmel Middle School, and Harrison High School.

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.

Pikes Peak REALTOR® Services IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes