INVESTMENT OPPORTUNITY YOU DONT WANT TO MISS! Cushman & Wakefield is pleased to present 4995 Picturesque Circle, a 4-unit multifamily property in a high rental demand area near the Powers Blvd corridor in Colorado Springs. The property consists of (2) 2-bed/1-bath units and (2) 3-bed/1-bath units. Each unit offers spacious living and kitchen areas, two of the units feature balconies in the back of the building and individually metered for electric. The property has shared coin laundry, off-street parking, updated windows, and well cared for by current owner. Potential buyers have the operational value add of getting all units up to market rent and continuing light improvements on the property as leases turn.
This location provides residents access to major employers along the N Powers Blvd Corridor, schools, and North Academy Blvd. Its prime location, near shopping amenities, dining & entertainment, provides a solid foundation for attracting and retaining quality long-term tenants. Palmer Park is another nearby resident attraction that is known for hiking, mountain biking, dog walking, and running. The park offers vistas, geological features, and destination-level trails, all readily accessible to outdoor enthusiasts in surrounding neighborhoods and the city. The current rent roll provides consistent and predictable in-place returns, allowing potential buyers an opportunity to acquire a high performing asset.
Sold for $750,000 on 06/03/25
$750,000
4995 Picturesque, Colorado Springs, CO 80917
10beds
4baths
3,668sqft
Quadruplex
Built in 1975
-- sqft lot
$731,700 Zestimate®
$204/sqft
$2,002 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: June 04, 2025 at 03:01pm
Listed by:
Nic Polaski 719-238-9074 Nic.Polaski@cushwake.com,
Cushman & Wakefield
Bought with:
Nic Polaski, 100099164
Cushman & Wakefield
Source: REcolorado,MLS#: 7196138
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 4
Heating
- Baseboard
Cooling
- Has cooling: Yes
Features
- Has basement: No
- Number of fireplaces: 4
Interior area
- Total structure area: 3,668
- Total interior livable area: 3,668 sqft
- Finished area above ground: 3,668
Property
Parking
- Total spaces: 6
- Details: Off Street Spaces: 6
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.25 Acres
Details
- Parcel number: 6325309010
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Wood Siding
Condition
- Year built: 1975
Community & neighborhood
Location
- Region: Colorado Springs
- Subdivision: Palmer Park
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional
- Ownership: Individual
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Estimated market value
$731,700