Skip main navigation
Pending
  • $635,000

    1820 Monterey Road, Colorado Springs, CO 80910

    8beds
    8baths
    4,006sqft
    : 
    Quadruplex
    Built in 1984
    -- sqft lot
    $623,500 Zestimate®
    $159/sqft
    $-- HOA

    What's special

    Off-street parkingAdded privacy and functionalityRecent exterior improvements
    Cushman & Wakefield is pleased to present 1820 Monterey Rd, a well-located multifamily investment opportunity in Southeast Colorado Springs. The property sits within an established residential neighborhood with convenient access to major thoroughfares like S Academy and I-25. 1820 Monterey Rd is located nearby employment such as Amazon Distribution & Innovation Park, and convenient access to retail & groceries, making it attractive to long-term renters. The asset is comprised of townhome-style units featuring both front and rear entrances, offering added privacy and functionality. Each unit includes a desirable 2-bedroom, 1.5-bath layout, and gas and electric utilities are individually metered, allowing ownership to minimize operating expenses and efficiently manage utility costs. The property has maintained solid occupancy and presents a clear value-add opportunity through rent growth to market levels and value add implementation. Additional features such as off-street parking and recent exterior improvements further enhance tenant convenience and overall property appeal, positioning 1820 Monterey Rd as a stable asset with long-term upside. Please call or text 417-459-2155 with any questions or inquiries.
    24 days
    |
    498
    |
    41
    |

    Zillow last checked: 8 hours ago

    Listing updated: February 26, 2026 at 08:43am

    Listed by:

    Nic Polaski 719-238-9074 Nic.Polaski@cushwake.com,

    Cushman & Wakefield

    Source: REcolorado,MLS#: 8164546MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 8
    Heating
    • Forced Air
    Cooling
    • None
    Appliances
    • Laundry: In Unit
    Features
    • Has basement: No
    • Common walls with other units/homes: 1 Common Wall,2+ Common Walls
    Interior area
    • Total structure area: 4,006
    • Total interior livable area: 4,006 sqft
    • Finished area above ground: 4,006

    Property

    Parking
    • Total spaces: 8
    • Details: Off Street Spaces: 8
    Features
    • Levels: Two
    • Stories: 2
    • Fencing: Partial
    Lot
    • Size: 10,714 Square Feet
    • Features: Corner Lot, Cul-De-Sac
    Details
    • Parcel number: 6427211029
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Materials
    • Frame, Stucco
    Condition
    • Year built: 1984

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected

    Community & HOA

    Community
    • Subdivision: Colorado Springs
    HOA
    • Has HOA: No
    Location
    • Region: Colorado Springs

    Financial & listing details

    • Price per square foot: $159/sqft
    • Tax assessed value: $596,251
    • Annual tax amount: $2,158
    • Date on market: 2/3/2026
    • Listing terms: 1031 Exchange,Cash,Conventional
    • Exclusions: Sellers Personal Property
    • Ownership: Individual
    • Tenant pays: Electricity, Gas, Internet
    • Electric utility on property: Yes
    Get pre-qualifiedBe ready to make an offer.
    Connect with an agentGet info on this home, tour, and more.
    Calculate monthly paymentSee if you can afford this home.

    Estimated market value

    $623,500

    $592,000 - $655,000

    $1,332/mo

    Price history

    Price history
    DateEventPrice
    2/26/2026Pending sale$635,000$159/sqft
    Source: REcolorado #8164546 Report a problem
    2/3/2026Listed for sale$635,000+13.4%$159/sqft
    Source: REcolorado #8164546 Report a problem
    12/2/2020Sold$560,000+30.2%$140/sqft
    Source: Public Record Report a problem
    6/27/2019Sold$430,000+182.9%$107/sqft
    Source: Public Record Report a problem
    10/29/2012Sold$152,000-40.4%$38/sqft
    Source: Public Record Report a problem
    9/1/2004Sold$255,000+39.3%$64/sqft
    Source: Public Record Report a problem
    8/20/1998Sold$183,000$46/sqft
    Source: Public Record Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2024$3,724 +142.1%$39,950
    2023$1,538 -8.4%$39,950 +40.1%
    2022$1,679 $28,520 -4.9%
    2021-- $29,990 +30%
    2020$1,503 +3.1%$23,070
    2019$1,457 +62.7%$23,070 +29.1%
    2018$896 -23.6%$17,870
    2017$1,173 +31%$17,870 +13.1%
    2016$896 +6.2%$15,800
    2015$843 +8.7%$15,800 +10%
    2014$776 $14,370
    2013-- --
    2012-- $14,660
    2011$1,114 $14,660 -25%
    2010-- $19,550
    2009-- $19,550
    2008-- $19,550
    2006-- $19,550 +6.7%
    2004-- $18,330
    2003$1,046 +8.3%$18,330 -2.6%
    2002$966 +7.2%$18,810 +8%
    2001$901 $17,420

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $3,222/mo
    Principal & interest
    $2984
    Property taxes
    $238

      Climate risks

      Neighborhood: Southeast Colorado Springs

      Getting around

      51 / 100
      Somewhat Walkable
      30 / 100
      Some Transit
      43 / 100
      Somewhat Bikeable

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • Elementary: Monterey
      • Middle: Panorama
      • High: Harrison
      • District: Harrison 2

      Source: REcolorado. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

      Local experts in 80910

      Similar homes

      Skip to the end of the carouselSkip to the beginning of the carousel