Excellent investment opportunity in Colorado Springs! This multi-family property features a 4-unit configuration, offering strong potential for cash flow and long-term appreciation. Built in 1984 with approximately 3,536 sq ft, the property sits on a 8,075 sq ft lot and is located within the established Cochran Subdivision. Pass through expense fee to tenants for Water, Trash. Ideal for investors looking to expand their portfolio or owner-occupants seeking to live in one unit while generating rental income from the others. Rent roll available with accepted contract. The property offers a functional layout across multiple units and is located within Harrison School District 2, with convenient access to local amenities, military installations, major roadways, and employment centers. This property presents a great value-add opportunity with upside potential through rental optimization or owner occupied option.
Deerfield Hills, located between South Academy Boulevard and South Circle Drive, is a residential and suburban Colorado Springs neighborhood with mid-century ranch homes and broad views toward Cheyenne Mountain. The neighborhood’s character concentrates around the South Academy Boulevard & Hancock Expressway crossroads, where auto shops, taquerias, and small storefronts set a practical, on-the-go tone. Streets curve through established blocks with mature trees, pocket lawns, and a straightforward, lived-in streetscape. Deerfield Park and nearby greenbelts add room for a walk or a pickup game without leaving the grid. A short drive north, the Olympic & Paralympic Museum and Weidner Field pull in big-event energy that contrasts with the quieter blocks at home.
Provided by Walk Score and Local Logic
Offer insights
3445 Cochran Dr · $760,000
$760K and above
75% chance or better to win
Why $760K+ is a strong offer
DAYS ON MARKET
36 days
The average home goes pending in 101 days.
SALE-TO-LIST
95.5%
Most homes are selling 4% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Ceiling fans
Laminate countertops
Daylight, finished basement
Four wood-burning fireplaces (family room and others)
Bedrooms
Eight total bedrooms
Bathrooms
Four total bathrooms
Kitchen
Dishwasher
Garbage disposal
Range
Refrigerator
Laundry & utility
220-volt electric service (useful for laundry/large appliances)
Flooring
Vinyl flooring
Heating & cooling
Forced-air heating
Cooling: Other
Exterior features
Private yard
Front porch
Partial fencing
Asphalt parking surface
Home design
Quadruplex residential income property
Updated/remodeled condition
Two levels with stair entry
Property is unattached
Owned by corporation/trust
Parking
Six off-street parking spaces (total parking for 6)
Construction
Stucco and wood siding exterior
Composition roof
Has a finished basement
Utilities
Public water
Public sewer
Electricity connected
Phone connected
Wired internet available
Cable available
HOA & community
Homeowners association (Cochran Subdivision HOA), professionally managed
Annual association fee of $875 covering snow removal and trash
Financial info
Gross rental income reported: $64,800
Operating expenses reported: $14,695.92 (includes advertising, maintenance, professional management, real estate tax, utilities)
Owner pays exterior maintenance, grounds care, insurance, and taxes
Tenants pay utilities (cable TV, electricity, gas, internet, telephone), trash collection and water
Current leases include 12-month terms (example lease expiration shown in 2027)
Other
Lot size approximately 0.19 acres
Zoning: PDZ AO
Electricity and solar
View estimated energy costs and solar savings for this home
Excellent investment opportunity in Colorado Springs! This multi-family property features a 4-unit configuration, offering strong potential for cash flow and long-term appreciation. Built in 1984 with approximately 3,536 sq ft, the property sits on a 8,075 sq ft lot and is located within the established Cochran Subdivision. Pass through expense fee to tenants for Water, Trash. Ideal for investors looking to expand their portfolio or owner-occupants seeking to live in one unit while generating rental income from the others. Rent roll available with accepted contract. The property offers a functional layout across multiple units and is located within Harrison School District 2, with convenient access to local amenities, military installations, major roadways, and employment centers. This property presents a great value-add opportunity with upside potential through rental optimization or owner occupied option.
REColorado as Distributed by MLS Grid #8084218
Apr 28, 2025
Listing Removed
—
Nov 4, 2024
Listing Removed
—
Nov 4, 2024
Price Changed
$800,000
$226/sq ft
Jul 10, 2024
Listed
$760,000
$215/sq ft
Public Records
Dec 5, 2023
Sold
$3,200,000
$905/sq ft
Public Records
Aug 9, 1994
Sold
$102,000
$29/sq ft
Public Records
Jan 5, 1993
Sold
$76,500
$22/sq ft
Public Records
Nov 1, 1984
Sold
$165,000
$47/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,389 (+31.7%)
$5,270 + $40,330
$45,600
2024
$1,814 (+15.9%)
$5,270 + $40,330
$45,600
2023
$1,565 (+18.9%)
$5,000 + $29,170
$34,170
2022
$1,316 (−8.3%)
$4,120 + $20,280
$24,400
2021
$1,436 (+11.6%)
$4,120 + $20,280
$24,400
2020
$1,286 (+3.1%)
$4,330 + $21,320
$25,650
2019
$1,247 (+26.3%)
$2,660 + $17,080
$19,740
2018
$988 (+31.0%)
$2,660 + $17,080
$19,740
2017
$754 (+6.2%)
$2,500 + $12,550
$15,050
2016
$710
$2,500 + $12,550
$15,050
2015
$710 (+5.7%)
$2,640 + $10,680
$13,320
2014
$672 (−7.4%)
$2,640 + $10,680
$13,320
2013
$725 (−12.0%)
$2,640 + $9,810
$12,450
2012
$824 (+0.4%)
$2,640 + $9,810
$12,450
2011
$820 (−23.7%)
$2,640 + $11,510
$14,150
2010
$1,075 (−1.2%)
$2,640 + $11,510
$14,150
2009
$1,087
$2,950 + $15,910
$18,860
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
8,075 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,536
Year built
1984
Style
Other
County
El Paso County
APN
6435308233
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 2, 2026.
PDZ
AP-O
Planned Development Zone District
The purpose of the Planned Development Zone District (PDZ) is to encourage high quality developments that could not otherwise be achieved through the application of the City???s standard zone districts. The PDZ District is intended to: Provide a means of developing large, undeveloped tracts of land or other unique sites with a unified approach; Facilitate creative, high-quality developments that offer an integrated mix of nonresidential uses and housing options, in conjunction with other community amenities or other benefits to the City or its citizens; Encourage flexibility in design to create a better living environment, to preserve the unique features of the site, and to provide public services in a more economic manner; and Provide a clear and reasonable plan for the phased development and completion of proposed development, consistent with the Colorado Springs Comprehensive Plan.
Zone overlays
Airport Overlay District
Aug 30, 2024 • Final
437
Reroof a residential building.
Roofing
Oct 14, 1999 • Final
434
Work on a reroof.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Local insights from Redfin agents
Colorado Springs has so many different neighborhoods and life styles to choose from, with incredible mountain views and plenty to do outdoors. Lets get inside of some houses and see what feels right. I'd love to show you around the Springs. Reach out...