$674,500
$13K PRICE DROP

Estimated payment $4,489/month

Total Views 3,262
-- Bed
-- Bath
3,470 Sq Ft
$194 Price per Sq Ft

About This Home

Cushman & Wakefield is excited to present an exceptional investment opportunity at 2625–2627 East Uintah, strategically located in the heart of Colorado Springs. This property features two well-maintained 4-plex buildings, offering a total of 8 spacious units, each with an average size of 850 square feet. With its prime location and unique condo-style layout, this property provides not only a steady cash flow but also future potential for significant returns. Each of the large 2-bedroom units are thoughtfully designed with modern amenities, including in-unit washers and dryers. This adds both convenience and value, enhancing tenant satisfaction and retention. The property has been meticulously cared for, with clean, well-kept common areas and a professionally managed HOA that ensures long-term quality. Recent capital improvements, such as the installation of PEX water lines, further enhance the property’s durability, minimizing future maintenance costs and securing its long-term value.What truly sets this investment apart is its future potential for condo conversion. The condo-style design of the units positions the property for the possibility of selling individual units, a strategy that could significantly maximize future returns. With Colorado Springs’ growing popularity and demand for both rental units and condos, this opportunity offers substantial upside potential. This property is a unique opportunity for investors looking to secure immediate rental income while positioning themselves for long-term appreciation through potential condo sales. Its combination of high-quality construction, prime location, and significant future upside makes this a must-see for investors seeking strong returns in the vibrant Colorado Springs market. OWNER IS WILLING TO SELL ONE INDIVIDUALLY OR BOTH 2625 & 2627 UINTAH TOGETHER.

Listing Agent

Nic Polaski

Cushman & Wakefield Brokerage Email: Nic.Polaski@cushwake.com,719-238-9074 License #100099164 Listed on: 07/16/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,259

Year Built

  • Built in 1985

Lot Details

  • 1,742 Sq Ft Lot

HOA Fees

  • $750 Monthly HOA Fees

Parking

  • 12 Parking Spaces

Home Design

  • Quadruplex
  • A-Frame Home
  • Brick Exterior Construction

Interior Spaces

  • 3,470 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Schools

  • Queen Palmer Elementary School
  • Galileo Middle School
  • Palmer High School

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • Home Owners Association
  • Divine Redeemer Subdivision

Listing and Financial Details

  • Exclusions: Tenant Exclusions
  • Assessor Parcel Number C00290

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,259

Year Built

Built in 1985

Lot Details

0

HOA Fees

$750 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Architectural Style: A-Frame
  • Structure Type: Quadruplex
  • Levels: Two
  • Year Built: 1985
  • Above Grade Finished Sq Ft: 3470
  • Exclusions: Tenant Exclusions
  • Living Area: 3470
  • SubdivisionName: Divine Redeemer
  • Ownership: Individual
  • Property Attached Yn: No
  • REC_RVSpaces: 0
  • Special Features: None

Interior Features

  • Basement: No

Exterior Features

  • Roof: Shingle
  • Construction Materials: Brick

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 12

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air
  • Laundry Features: In Unit

Condo/Co-op/Association

  • Association Name: Home Owners Association
  • Association Fee Frequency: Monthly
  • Association Fee: 750
  • Phone: N/A
  • Association: Yes
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 9000.00
  • REC_AssociationFeeTotalAnnual: 9000.00
  • REC_AssociationManagementType: Professionally Managed

Schools

  • Middle Or Junior School: Galileo

Lot Info

  • Parcel Number: C00290
  • Lot Size Acres: 0.04
  • Building Area Total: 3470
  • Lot Size Sq Ft: 1742.4

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2259

MLS Schools

  • Elementary School: Queen Palmer
  • High School: Palmer

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,259 $47,400 -- --
2024 $2,136 $45,130 $8,440 $36,690
2022 $2,472 $44,180 $6,130 $38,050
2021 $2,684 $45,480 $6,310 $39,170
2020 $1,354 $19,950 $3,220 $16,730
2019 $1,347 $19,950 $3,220 $16,730
2018 $1,210 $16,490 $2,450 $14,040
2017 $1,146 $16,490 $2,450 $14,040
2016 $969 $16,720 $2,580 $14,140
2015 $966 $16,720 $2,580 $14,140
2014 $1,119 $18,600 $2,580 $16,020
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2025 11/08/25 Price Changed $674,500 -1.9% $194 / Sq Ft
07/16/2025 07/16/25 For Sale $687,500 -- $198 / Sq Ft
Source: REcolorado®

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed $327,300 --
Warranty Deed $327,300 --
Warranty Deed $280,000 --
Warranty Deed $280,000 --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Warranty Deed $192,500 --
Warranty Deed $192,500 --
Warranty Deed $163,000 --
Warranty Deed $163,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $215,000 New Conventional
Previous Owner $230,300 Purchase Money Mortgage
Source: Public Records

Source: REcolorado®

MLS Number: 6915379

REcolorado®

APN: 64091-24-088