USACOColorado SpringsA-B-C-D-329 S Murray Boulevard

New

Virtual Tour

$700,000

For Sale

2 hours ago

A, B, C, D - 329 S Murray Boulevard, Colorado Springs, CO

House

MLS® 8748635

0 Bed

0 Bath

Key Facts
Description
Map

Key Facts

Type Quadruplex

Levels Residential Income

Size -

Garage

Taxes $2,161

Days Active 0

Lot Size 0.2208 Acres

Approx. Age 1974

MLS® Number 8748635

Property Address: a-b-c-d-329 S Murray Boulevard, Colorado Springs, CO, 80916

Average square foot calculated using Size range provided by listing agent.

Description

Well-Maintained Colorado Springs 4-Plex – Strong Rents, Updated Major Systems & Immediate Income. Excellent opportunity to acquire a well-kept 4-plex with strong existing rents, recent improvements, & one vacant unit offering immediate flexibility for a new owner. Three units are currently leased at $1, 425, with the fourth renting at $1, 300, representing potential gross rental income of approximately $5, 575 per month when fully occupied. Unlike many multifamily properties that require substantial deferred-maintenance investment after closing, this property has benefited from important capital improvements. A new roof was installed in 2026, and the furnaces & water heaters have been updated within approximately the last four years. Each unit has its own furnace & water heater, providing separation of major mechanical systems and simplifying ongoing ownership & maintenance. Each residence also includes a stackable washer/dryer, an attractive convenience for tenants. Tenants pay all utilities, helping the owner maintain more predictable operating expenses and preserve net operating income. With three units already producing income, an investor can acquire an operating asset rather than starting from scratch. The vacant fourth unit creates additional upside and flexibility, allowing the new owner to place a tenant, evaluate current market rent, make strategic improvements, or potentially occupy the unit depending on the buyer's investment strategy and financing. Conveniently located along the Murray Boulevard corridor with access to employment, shopping, transportation and major Colorado Springs thoroughfares, the property offers the combination investors look for: existing cash flow, strong rental income, tenant-paid utilities, updated major components, multiple income streams and limited immediate capital needs. An appealing opportunity for both experienced multifamily investors & buyers looking to add a quality 4-unit property to a growing rental portfolio.

MLS® Number8748635

Laundry Level

Central VacNo

FireplaceYes

Acreage

Exterior

Garage

Approx. Age1974

BasementFull Basement, Garden Level, Walk Out

Driveway

Garage Spaces

HeatForced Air

A/CCeiling Fan(s)

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Aug 13, 2026List Date

$700,000List Price

Commute

Commute

Starting Address

Destination Address

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