Residential Income · Active

1065 Magnolia Street

Colorado Springs, CO 80907

3,348 Sq Ft

$725,000

Quadruplex

Property Type

1971

Year Built

$217

Price per Sq Ft

3901521

MLS #

About This Property

The Best-Looking 4-Plex in Cragmor — Investment or House Hack

The best-looking 4-plex in the neighborhood, with 2 of 4 units recently renovated and excellent tenants in place. This property has been carefully maintained, painted, and improved by an owner who takes pride in his properties. The seller has also successfully bought, improved, and sold another multifamily property directly across the street.

Two units feature new waterproof laminate flooring and updated black-tile shower surrounds, while the other two are in solid condition. Rents have been improved, with additional upside remaining. One unit is month-to-month.

On-site laundry provides additional income without collecting quarters.

Due-diligence docs including rent roll, insurance info, utility history, and plumbing receipts.

For Sale By Owner / Flat Fee Listing: Seller is open to creative financing, seller concessions, or mortgage rate buydown options and will assist with the transition for the first 90 days. Seller is also open to being retained as an employee or management resource to assist with showings and maintenance help.

Tenants reside at this property, please call text or email seller Zach Warner @ 719-347-8844 or warner.zach.p@gmail.com

74 days on market

Listed by Mark Peters · A+ Property · mark@aplus-property.com,303-517-1659

Last updated: 8/17/2026 8:39 AM · Source: REcolorado®, MLS#: 3901521

Property Details

Key Details

Property Type Residential Income
Sub Type Quadruplex
Status Active
Price per Sq Ft $217
Subdivision Cragmoor
MLS # 3901521
Days on Market 74

More Details

Year Built 1971
HOA No
Annual Taxes $2,315
State CO
County El Paso
Zoning R-4

Interior

Heating Baseboard
Cooling None

Exterior & Parking

Exterior Features Balcony
Roof Membrane

Building & Lot

Architectural Style Contemporary
Levels Two
Construction Frame, Stucco, Wood Siding
Sewer Public Sewer
Water Source Public

Terms & Other

Senior Community No
Special Conditions None Known

Location

Price History

DateEventPrice
8/15/2026 Listed for sale
Source: REcolorado® #3901521
$725,000 +13.3% $217/sqft
4/21/2025 Sold
Source: REcolorado® #3489024
$640,000 -5.2% $191/sqft
2/20/2025 Listed for sale
Source: REcolorado® #3489024
$675,000 +21.6% $202/sqft
7/6/2020 Sold
Source: elevateMLS #1215087
$555,000 +0.9% $166/sqft
5/27/2020 Listed for sale
Source: elevateMLS #1215087
$550,000 $164/sqft

Based on information submitted to the MLS GRID as of October 28, 2026 at 4:43 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.

Listing information last updated August 17, 2026 at 8:39 AM.

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