OFF MARKET

Off Market May 2025 for $590K

$566,542

•

8 ba

•

4,016

sq ft

1850 Monterey Rd, Colorado Springs, CO 80910

About this home

Great investment opportunity! Amazing value add 4-plex property, being sold at a discounted price. Large townhome units, all with two beds and two baths. All units have washer/dryer hook ups. Ample parking. Fully occupied with three month to month leases and the fourth lease expiring in October 2025. Hurry, this is a great deal and it won't last long! This property is being sold as-is and is ready for some TLC and good management. If properly updated & maintained - rents could be potentially doubled. Convenient access to I-25 & military bases.

Multi-familyProperty Type

1984Year Built

10,072 sq ftLot Size

$141Est. Price/Sq.Ft.

12 spacesParking

Listed by Jason Daniels • Finch & Gable Real Estate Company

Bought with Jason Daniels • Finch & Gable Real Estate Company

Redfin checked: 2 minutes ago

•Source:REColorado as Distributed by MLS Grid #1922433

Listing provided courtesy of Metrolist,Inc. (REColorado)

Redfin Estimate

$566,542

$23K since sold in May 2025$42K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 38% higher than the average sale price ($411K) of 6 comparable homes.

SOLD MAR 27, 2026
$625,000
A
8 beds8 baths4,006 sq ft
1820 Monterey Rd, Colorado Springs, CO 80910
Cushman & Wakefield
SOLD JUN 10, 2026
$415,000
B
4 beds3 baths2,146 sq ft
2938 Del Mar Cir, Colorado Springs, CO 80910
SOLD JUL 23, 2026
$375,000
C
5 beds2 baths2,262 sq ft
1634 Kodiak Dr, Colorado Springs, CO 80910
RE/MAX Real Estate Group Inc
SOLD AUG 10, 2026
$380,000
D
4 beds3 baths2,200 sq ft
1612 Shenandoah Dr, Colorado Springs, CO 80910
SOLD JUN 22, 2026
$415,000
E
5 beds2 baths2,120 sq ft
1523 Saratoga Dr, Colorado Springs, CO 80910
eXp Realty, LLC
SOLD JUN 1, 2026
$253,644
F
4 beds2 baths1,666 sq ft
1638 Glacier Dr, Colorado Springs, CO 80910

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Sell

$70,938

Est. take-home

List your home with Redfin and save $5,665

Market trends in 80910, CO

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

100.8%

+0.0% MoM

Median sale price

$350K

$529 MoM

Avg. days on market

49d

9 days MoM

Recently sold homes

109

7 MoM

New listings for sale

$346,000
2 beds1.5 baths1,193 sq ft
2434 St Paul Dr, Colorado Springs, CO 80910
$130,000
2 beds2 baths1,152 sq ft
411 Lakewood Cir Unit B-813, Colorado Springs, CO 80910
Tacarra Cooper • Purple Sky Realty LLC
$385,000
4 beds2 baths1,755 sq ft
624 Bryce Dr, Colorado Springs, CO 80910
OPEN TODAY, 8AM TO 11AM
$130,000
1 bed1 bath576 sq ft
411 Lakewood Cir Unit C313, Colorado Springs, CO 80910
3D WALKTHROUGH
$439,900
3 beds2.5 baths2,354 sq ft
2313 Spring Blossom Dr, Colorado Springs, CO 80910
$369,000
3 beds2 baths1,005 sq ft
2807 Hayman Ter, Colorado Springs, CO 80910
Pete Lobo • LPT Realty
$330,000
3 beds2.5 baths1,642 sq ft
2657 Stonecrop Ridge Grv, Colorado Springs, CO 80910
$315,000
3 beds2.5 baths1,520 sq ft
2177 Gilpin Ave, Colorado Springs, CO 80910
$420,000
5 beds2 baths2,137 sq ft
744 Winnepeg Dr, Colorado Springs, CO 80910
$335,000
3 beds2 baths1,510 sq ft
204 Byron Dr, Colorado Springs, CO 80910
See all

Provided by Redfin

Sale history for 1850 Monterey Rd

Date

Event

Price

elevateMLS #8632090

May 2, 2025

Sold

$590,000

$147/sq ft

Feb 11, 2025

Delisted

—

Jan 30, 2025

Listed

$475,000

$118/sq ft

REColorado as Distributed by MLS Grid #1922433

May 2, 2025

Sold

$590,000

$147/sq ft

May 2, 2025

Sold

$590,000

$147/sq ft

Feb 11, 2025

Pending

—

Feb 11, 2025

Pending

—

Jan 30, 2025

Listed

$475,000

$118/sq ft

Jan 30, 2025

Listed

$475,000

$118/sq ft

Public Remarks

Year

Property tax

Land + Additions

Assessment*

2025

$2,379 (+4.7%)

$5,330 + $40,090

$45,420

2024

$2,272 (+15.9%)

$5,330 + $40,090

$45,420

2023

$1,961 (+21.6%)

$5,060 + $36,810

$41,870

2022

$1,613 (−18.5%)

$3,600 + $26,300

$29,900

2021

$1,980 (+25.7%)

$3,600 + $26,300

$29,900

2020

$1,576 (+3.1%)

$3,780 + $27,660

$31,440

2019

$1,528 (+24.2%)

$2,660 + $21,520

$24,180

2018

$1,230 (+31.0%)

$2,660 + $21,520

$24,180

2017

$939 (+6.2%)

$2,360 + $16,380

$18,740

2016

$884

$2,360 + $16,380

$18,740

2015

$884 (+8.7%)

$2,490 + $14,080

$16,570

2014

$813 (−7.4%)

$2,490 + $14,080

$16,570

2013

$878 (−1.9%)

$2,490 + $12,580

$15,070

2012

$895 (+0.5%)

$2,490 + $12,580

$15,070

2011

$891 (−28.2%)

$2,490 + $12,880

$15,370

2010

$1,241 (+5.0%)

$2,490 + $12,880

$15,370

2009

$1,182

$2,950 + $17,550

$20,500

Tax history for 1850 Monterey Rd

Year

Property tax

Land + Additions

Assessment*

2025

$2,379 (+4.7%)

$5,330 + $40,090

$45,420

2024

$2,272 (+15.9%)

$5,330 + $40,090

$45,420

2023

$1,961 (+21.6%)

$5,060 + $36,810

$41,870

2022

$1,613 (−18.5%)

$3,600 + $26,300

$29,900

2021

$1,980 (+25.7%)

$3,600 + $26,300

$29,900

2020

$1,576 (+3.1%)

$3,780 + $27,660

$31,440

2019

$1,528 (+24.2%)

$2,660 + $21,520

$24,180

2018

$1,230 (+31.0%)

$2,660 + $21,520

$24,180

2017

$939 (+6.2%)

$2,360 + $16,380

$18,740

2016

$884

$2,360 + $16,380

$18,740

2015

$884 (+8.7%)

$2,490 + $14,080

$16,570

2014

$813 (−7.4%)

$2,490 + $14,080

$16,570

2013

$878 (−1.9%)

$2,490 + $12,580

$15,070

2012

$895 (+0.5%)

$2,490 + $12,580

$15,070

2011

$891 (−28.2%)

$2,490 + $12,880

$15,370

2010

$1,241 (+5.0%)

$2,490 + $12,880

$15,370

2009

$1,182

$2,950 + $17,550

$20,500

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

10,072 Sq. Ft.

Year renovated

—

Sq. Ft.

4,016

Year built

1984

Style

Other

County

El Paso County

APN

6427211032

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 2, 2026.

R-5

Multi-Family High District

The R-5 zone district accommodates attached and detached single-family, two-family, and multi-family dwelling structures at the highest density permitted in the City's standard residential districts (non-R-Flex). Land uses are as indicated in Table 7.3.2-A (Base and NNA-O District Use Table). It is intended for use in areas adjacent to the FBZ district or R-Flex, Mixed-Use, or PDZ districts where similar or higher densities or intensities of use are permitted.

Permitted uses

Include but are not limited to:

Agriculture
Community / recreation center
Religious facility
Day care facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Housing-Mobile home park

Property details

Parking

Parking/Garage Information
Parking Total: 12
Off Street Spaces: 12

Interior

Interior Features
Laundry Features: In Unit

Basement Information
Basement: Crawl Space

Exterior

Building Information
Building Area Total: 4,016
Building Area Source: Public Records
Structure Type: Quadruplex
Construction Materials: Frame, Stucco, Wood Siding

Exterior Features
Roof: Composition

Property Information
Property Type: Residential Income
Property Unattached
Living Area: 4,016
Above Grade Finished Area: 4,016
Levels: Two
Ownership: Estate

Lot Information
Lot Size Square Feet: 10,072
Lot Size Acres: 0.23
Zoning: R5

Financial

Tax Information
Tax Annual Amount: $1,961
Tax Year: 2023
Parcel Number: 64272-11-032

Utilities

Utility Information
Utilities: Electricity Connected, Natural Gas Connected
Sewer: Public Sewer

Heating & Cooling
Heating: Forced Air, Natural Gas

Location

Multi-Family Information
Owner Pays: Exterior Maintenance, Trash Collection, Water
Tenant Pays: Electricity, Gas

Unit Type 1 Information
Unit Type: 2 Bedroom
Description: A
# Of Beds Total: 2
# Of Baths Total: 2
# Of Units Total: 1
Unit Average SqFt: 1,004
Unit Average Rent: $550

Unit Type 2 Information
Unit Type: 2 Bedroom
Description: B
# Of Beds Total: 2
# Of Baths Total: 2
# Of Units Total: 1
Unit Average SqFt: 1,004
Unit Average Rent: $500

Unit Type 3 Information
Unit Type: 2 Bedroom
Description: C
# Of Beds Total: 2
# Of Baths Total: 2
# Of Units Total: 1
Unit Average SqFt: 1,004
Unit Average Rent: $575

Unit Type 4 Information
Unit Type: 2 Bedroom
Description: D
# Of Beds Total: 2
# Of Baths Total: 2
# Of Units Total: 1
Unit Average SqFt: 1,004
Unit Average Rent: $500

School Information
Elementary School: Pikes Peak
Elementary School District: Harrison 2
Middle Or Junior School: Carmel
Middle Or Junior School District: Harrison 2
High School: Harrison
High School District: Harrison 2

Public facts

Beds: —
Baths: —
Sq. Ft.: 4,016
Stories: 2.0
Lot Size: 10,072 square feet
Style: Other
Year Built: 1984
Year Renovated: —
County: El Paso County
APN: 6427211032

Home facts updated by county records on Sep 2, 2026

Around this home

Schools

Carmel Middle School

Public K-8 • Assigned • 0.4mi

4/10

Harrison High School

Public 9-12 • Assigned • 1.3mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

2/10 Heat Factor

7 days above 90° expected this year, 18 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Colorado Springs, CO • 80910

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Estimated sale price

$539,000 – $652,000

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Home values near 1850 Monterey Rd

Data from public records.

Address	Redfin Estimate
1820 Monterey Rd, Colorado Springs, CO 8 Beds \| 8 Baths \| 4006 Sq. Ft.	$646,858
1869 Monterey Rd, Colorado Springs, CO 3 Beds \| 1 Baths \| 978 Sq. Ft.	$280,180

Address	Redfin Estimate
1859 Monterey Rd, Colorado Springs, CO 3 Beds \| 1 Baths \| 978 Sq. Ft.	$293,969
1865 Monterey Rd, Colorado Springs, CO 3 Beds \| 1 Baths \| 978 Sq. Ft.	$272,953

Address	Redfin Estimate
1855 Monterey Rd, Colorado Springs, CO 3 Beds \| 1 Baths \| 978 Sq. Ft.	$276,724
1839 Monterey Rd, Colorado Springs, CO 3 Beds \| 1 Baths \| 978 Sq. Ft.	$283,945

Property information provided by REColorado as Distributed by MLS Grid when last listed in 2025. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 80910, CO

Sale history for 1850 Monterey Rd

Tax history for 1850 Monterey Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 80910

Home values near 1850 Monterey Rd

More real estate resources