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Sold for $625,000
  • $625,000

    1820 Monterey Road, Colorado Springs, CO 80910

    8beds
    8baths
    4,006sqft
    Quadruplex
    Built in 1984
    -- sqft lot
    $625,500 Zestimate®
    $156/sqft
    $1,262 Estimated rent

    Home value

    $625,500

    $594,000 - $657,000

    $1,262/mo

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    $1,262/mo

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    $1,262/mo

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    $3,472/mo

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    $3,472/mo

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    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: March 28, 2026 at 09:44am

    Listed by:

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

    Cushman & Wakefield

    Bought with:

    Nic Polaski, 100099164

    Cushman & Wakefield

    Source: REcolorado as distributed by MLS GRID,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 sqft
    • 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 & neighborhood

    Location
    • Region: Colorado Springs
    • Subdivision: Colorado Springs

    Other

    Other facts
    • Listing terms: 1031 Exchange,Cash,Conventional
    • Ownership: Individual

    Price history

    DateEventPrice
    3/27/2026Sold$625,000-1.6%$156/sqft
    Source: REcolorado as distributed by MLS GRID #8164546 Report a problem
    2/26/2026Pending sale$635,000$159/sqft
    Source: REcolorado as distributed by MLS GRID #8164546 Report a problem
    2/3/2026Listed for sale$635,000+13.4%$159/sqft
    Source: REcolorado as distributed by MLS GRID #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

    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

    Neighborhood: Southeast Colorado Springs

    Nearby schools

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

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

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    Estimated market value
    $625,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $625,500