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.
Pending
$635,000
1820 Monterey Road, Colorado Springs, CO 80910
8beds
8baths
4,006sqft
Est.:
Quadruplex
Built in 1984
-- sqft lot
$623,500 Zestimate®
$159/sqft
$-- HOA
What's special
Off-street parkingAdded privacy and functionalityRecent exterior improvements
- 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#: 8164546
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
Estimated market value
$623,500
$592,000 - $655,000
$1,332/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/26/2026 | Pending sale | $635,000$159/sqft |
Source: | ||
| 2/3/2026 | Listed for sale | $635,000+13.4%$159/sqft |
Source: | ||
| 12/2/2020 | Sold | $560,000+30.2%$140/sqft |
Source: Public Record Report a problem | ||
| 6/27/2019 | Sold | $430,000+182.9%$107/sqft |
Source: Public Record Report a problem | ||
| 10/29/2012 | Sold | $152,000-40.4%$38/sqft |
Source: Public Record Report a problem | ||
| 9/1/2004 | Sold | $255,000+39.3%$64/sqft |
Source: Public Record Report a problem | ||
| 8/20/1998 | Sold | $183,000$46/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
Nearby schools
GreatSchools rating
- 6/10Monterey Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 3/10Carmel Middle SchoolGrades: K-8Distance: 0.5 mi
- 2/10Harrison High SchoolGrades: 9-12Distance: 1.3 mi
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.








