Residential Income · Active
Colorado Springs, CO 80910
8 Beds · 4 Baths · 3,111 Sq Ft
$670,000
Quadruplex
Property Type
1969
Year Built
$215
Price per Sq Ft
3703452
MLS #
About This Property
33 University Drive is a well-positioned 4-unit multifamily asset located in the Southeast Colorado Springs submarket. This investment offers investors a balance of in-place cash flow paired with recent renovation upside. Originally constructed in 1969 and renovated in 2021, the property consists of 3,111 square feet across four units, all configured as 2-bedroom, 1-bath layouts. The asset benefits from affordable rent positioning relative to the broader Colorado Springs market, strong tenant demand, and proximity to major retail, convenience & employment corridors.
With continued population growth and rental demand in Colorado Springs, the property presents an opportunity for stable income with long-term appreciation potential.
196 days on market
Listed by Lee Wagner · Cushman & Wakefield · lee.wagner@cushwake.com,417-459-2155
Property Details
| Property Type | Residential Income |
| Sub Type | Quadruplex |
| Status | Active |
| Price per Sq Ft | $215 |
| Subdivision | Colorado Springs |
| MLS # | 3703452 |
| Days on Market | 196 |
| Bedrooms | 8 |
| Year Built | 1969 |
| HOA | No |
| Annual Taxes | $1,408 |
| State | CO |
| County | El Paso |
| Zoning | R5 AO |
| Heating | Forced Air |
| Cooling | None |
| Roof | Membrane, Rolled/Hot Mop |
| Basement | Unfinished |
| Levels | One |
| Construction | Brick, Concrete |
| Sewer | Public Sewer |
| Senior Community | No |
| Special Conditions | None Known |
Location
Price History
| Date | Event | Price |
|---|---|---|
| 10/21/2026 |
Price change Source: REcolorado® #3703452 |
$670,000 -2.9% $215/sqft |
| 4/16/2026 |
Listed for sale Source: REcolorado® #3703452 |
$690,000 $222/sqft |
Based on information submitted to the MLS GRID as of October 28, 2026 at 11:05 PM MDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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