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Wayne Pinegar

wayne.pinegar@engelvoelkers.com +1(719) 460-4649

Listed by Kerri Kilgore CRS MRP SFR SRES Realty One Group Apex

$ 700,000

Est. payment -/mo

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329 S Murray Boulevard #A, B, C, D Colorado Springs, CO 80916

9,618 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 8748635

Construction Status Existing

Year Built 1974

Annual Tax Amount $2,161

Tax Year 2025

Lot Size 9,618 Sqft

Acres 0.2208

Property Sub-Type Fourplex

Source Pikes Peak REALTOR® Services

Property 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. . 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. Three units are rented and the fourth is advertised for rent currently and just recently vacated; this property has a solid history of renting quickly with stable tenants. This is an appealing opportunity for both experienced multifamily investors as well as an owner-occupied "get started" investor.

Location

State CO

County El Paso

Rooms

Basement Full Basement, Garden Level, Walk Out

Interior

Heating Forced Air

Cooling Ceiling Fan(s)

Fireplaces Type None

Furnishings Existing

Window Features Aluminum

Appliance 220v in Kitchen, Disposal, Dryer, Kitchen Vent Fan, Oven, Range, Washer

Laundry Electric Hook-up, Gas Hook-up

Exterior

Fence Rear

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected

Roof Type Composite Shingle

Building

Sewer Sewer

Water Municipal

Construction Status Existing

Schools

School District Colorado Springs 11

Others

Tax ID 6414314005

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

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NEARBY SCHOOLS & PROPERTIES

Wayne Pinegar

Managing Broker | License ID: EA40032318

+1(719) 460-4649

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