Cheap homes for sale & real estate in 81240, CO

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ABOUT THIS HOME
Cheap Home for sale in 81240, CO:
Welcome to a charming four-bedroom, two-bathroom home that perfectly blends country living with modern convenience. This 1,667 square foot property sits on spacious grounds designed with equestrian enthusiasts in mind, featuring four fenced pastures ideal for rotational grazing and a lean-to shed for your horses. The heart of this property extends well beyond the comfortable interior living space. Horse lovers will appreciate the thoughtful layout of the pastures, allowing for proper land management and happy, healthy animals. The substantial garage doubles as both vehicle storage and a functional workshop, complete with additional storage areas for all your equipment and projects. Inside,

$415,000

4 beds2 baths1,667 sq ft

225 G St, Penrose, CO 81240

Functional workshop • Fenced pastures • Spacious garage

3D WALKTHROUGH

ABOUT THIS HOME
Cheap Home for sale in 81240, CO:
Off-Grid Oasis with Mountain Views on 10 Acres!! Discover peace, privacy, and self-sufficiency at the end of the road at 375 14th St in Penrose. This unique off-grid property sits on 10 acres with a live creek, peaceful mountain views, and no HOA restrictions—ideal for those craving space and independence. The home has been refreshed with interior paint, wood and tile flooring, and features walk-in closets in every bedroom for ample storage. A spacious 31’ x 16’ enclosed addition offers versatile space, perfect for hobbies, or finish off for extra living space. Enjoy sustainable living powered by solar and wind energy, paired with a new roof and a 1,000-gallon owned propa

$324,900

4 beds2 baths1,932 sq ft

375 14th St, Penrose, CO 81240

Sustainable living • Walk-in closets • No hoa restrictions

ABOUT THIS HOME
Cheap Home for sale in 81240, CO:
One-of-a-kind country home in beautiful Penrose just a few minutes from Canon City! Are you looking for an affordable, spacious ranch-style home with a huge 1,400 square foot garage/shop/storage building on 35 acres? This stunning open floorplan home was completely remodeled in 2025 and has lots of modern upgrades. Imagine stepping out onto the spacious deck and admiring the breathtaking 360 degree views. This is the perfect spot to sip your morning coffee or enjoy a summer b-b-que and watch the sunset. The patio furniture is included. The brand-new kitchen opens towards the dining area and living room and features lots of counter space, a double farm sink, and stainless steel appliances. I

$399,900

3 beds2 baths1,344 sq ft

1100 Kodiak Trl, Penrose, CO 81240

Completely remodeled • Modern upgrades • 360 degree views

ABOUT THIS HOME
Cheap Home for sale in 81240, CO:
Escape to your own private 10-acre retreat in the high desert mesa of Penrose, Colorado, where wide-open skies and sweeping mountain views surround you in every direction. This beautifully maintained 3-bedroom, 2-bath home offers 2,356 square feet of comfortable living and countless thoughtful upgrades throughout. The seller has already completed many of the much-needed improvements, including a brand-new septic system installed in October 2024 and fresh carpet in the living room, family room, and all bedrooms. Step inside to a bright and spacious open layout featuring a large kitchen and dining area with stylish laminate flooring, a cozy family room with a wood-burning fireplace, and vault

$434,990

3 beds2 baths2,356 sq ft

1376 B St, Penrose, CO 81240

10 acre retreat • New septic system • Open layout

Listing provided by REColorado as Distributed by MLS Grid

ABOUT THIS HOME
Cheap Home for sale in 81240, CO:
Discover your own private retreat in this 3 bdrm/2 bth home on just under 10 acres! Bring your horse and animals and enjoy fabulous mountain views! The large country kitchen, with all appliances, including washer and dryer, is perfect for entertaining or just eating with family. The pellet stove in the living room will keep you cozy and warm all winter, and the newer furnace and AC, along with paid-off solar panels will keep you comfortable all year! The plumbing and electrical is updated too! There are two 2-car detached garages, one with power!, as well as a 2-car carport for storage. With several out buildings and a barn, you have plenty of room for hobbies and storage! The house ha

$379,900

3 beds2 baths1,568 sq ft

1535 17th St, Penrose, CO 81240

Newer furnace • Pellet stove • Mountain views

Property at 4200 County Road 123, Penrose, CO 81240, 3 beds, 2 baths

$325,000

3 beds2 baths1,760 sq ft

4200 County Road 123, Penrose, CO 81240

Property at 1574 4th St, Penrose, CO 81240, 2 beds, 1 bath

$245,000

2 beds1 bath1,116 sq ft

1574 4th St, Penrose, CO 81240

Listing provided by REColorado as Distributed by MLS Grid

Property at 358 13th St, Penrose, CO 81240, 4 beds, 2 baths

$375,000

4 beds2 baths1,705 sq ft

358 13th St, Penrose, CO 81240

Listing provided by REColorado as Distributed by MLS Grid

Property at 1006 I St, Penrose, CO 81240, 3 beds, 2 baths

$249,000

3 beds2 baths1,253 sq ft

1006 I St, Penrose, CO 81240

Property at 12 9th Ave, Penrose, CO 81240, 3 beds, 2 baths

$425,000

3 beds2 baths1,242 sq ft

12 9th Ave, Penrose, CO 81240

Property at 207 Fremont St, Penrose, CO 81240, 4 beds, 3 baths

$390,000

4 beds3 baths2,383 sq ft

207 Fremont St, Penrose, CO 81240

Listing provided by REColorado as Distributed by MLS Grid

Property at 205 Illinois St, Penrose, CO 81240, 3 beds, 2 baths

$199,000

3 beds2 baths1,216 sq ft

205 Illinois St, Penrose, CO 81240

Listing provided by REColorado as Distributed by MLS Grid

Property at 12 Grant Ave, Penrose, CO 81240, 3 beds, 2 baths

$385,000

3 beds2 baths1,630 sq ft

12 Grant Ave, Penrose, CO 81240

Property at 312 Fremont St, Penrose, CO 81240

$273,000

0 beds— baths880 sq ft

312 Fremont St, Penrose, CO 81240

Listing provided by REColorado as Distributed by MLS Grid

Property at 1290 B St, Penrose, CO 81240, 2 beds, 2 baths

$389,900

2 beds2 baths2,040 sq ft

1290 B St, Penrose, CO 81240

Property at 505 Broadway St, Penrose, CO 81240, 3 beds, 2 baths

$258,000

3 beds2 baths912 sq ft

505 Broadway St, Penrose, CO 81240

Property at 414 4th St, Penrose, CO 81240, 2 beds, 1 bath

$267,500

2 beds1 bath860 sq ft

414 4th St, Penrose, CO 81240

Property at 106 Grant St, Penrose, CO 81240, 3 beds, 2 baths

$375,000

3 beds2 baths1,740 sq ft

106 Grant St, Penrose, CO 81240

$120,000

— beds— baths— sq ft

J St, Penrose, CO 81240

$55,000

— beds— baths— sq ft

14th St, Penrose, CO 81240

$120,000

— beds— baths— sq ft

TBD J St, Penrose, CO 81240

Property at TBD 14th St, Penrose, CO 81240

$55,000

— beds— baths— sq ft

TBD 14th St, Penrose, CO 81240

$205,000

— beds— baths— sq ft

958 L St, Penrose, CO 81240

Property at 380 13th St, Penrose, CO 81240

$57,500

— beds— baths— sq ft

380 13th St, Penrose, CO 81240

Listing provided by REColorado as Distributed by MLS Grid

$55,000

— beds— baths— sq ft

TBD C St, Penrose, CO 81240

$168,000

— beds— baths— sq ft

475 P St, Penrose, CO 81240

Listing provided by REColorado as Distributed by MLS Grid

$55,000

— beds— baths— sq ft

C St, Penrose, CO 81240

Listing provided by REColorado as Distributed by MLS Grid

Property at TBD Rimrock Ter, Penrose, CO 81240

$99,900

— beds— baths— sq ft

TBD Rimrock Ter, Penrose, CO 81240

$225,000

— beds— baths— sq ft

2 8th St, Penrose, CO 81240

Property at 000 Highway 115, Penrose, CO 81240

$50,000

— beds— baths— sq ft

000 Highway 115, Penrose, CO 81240

Property at 1374 C St, Penrose, CO 81240

$58,000

— beds— baths— sq ft

1374 C St, Penrose, CO 81240

Listing provided by REColorado as Distributed by MLS Grid

Property at 000 11th St, Penrose, CO 81212

$250,000

— beds— baths— sq ft

000 11th St, Penrose, CO 81212

Listing provided by REColorado as Distributed by MLS Grid

Property at 83 Top Rail Trl, Penrose, CO 81240

$100,000

— beds— baths— sq ft

83 Top Rail Trl, Penrose, CO 81240

Property at Highway 50, Penrose, CO 81240

$375,000

— beds— baths— sq ft

Highway 50, Penrose, CO 81240

Property at 15941 Highway 115, Penrose, CO 81240

$170,000

— beds— baths— sq ft

15941 Highway 115, Penrose, CO 81240

Property at 1390 K St, Penrose, CO 81240

$215,000

— beds— baths— sq ft

1390 K St, Penrose, CO 81240

Property at 219 Top Notch Trl, Penrose, CO 81240

$110,000

— beds— baths— sq ft

219 Top Notch Trl, Penrose, CO 81240

Property at 730 6th St, Penrose, CO 81240

$199,999

— beds— baths— sq ft

730 6th St, Penrose, CO 81240

Property at TBD 11th St, Penrose, CO 81212

$250,000

— beds— baths— sq ft

TBD 11th St, Penrose, CO 81212

Property at Highway 115, Penrose, CO 81240

$150,000

— beds— baths— sq ft

Highway 115, Penrose, CO 81240

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Based on information submitted to the MLS GRID as of Fri Nov 28 2025. 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.

Cheap Homes for Sale in 81240

There are currently 40 cheap homes for sale in 81240 at a median listing price of $550K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 81240 stay on the market for 120 days and receive 2 offers. This map is refreshed with the newest listings in 81240 every 15 minutes.

In the past month, 2 homes have been sold in 81240. Find your dream home in 81240 using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in 81240 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 81240. If you're looking to sell your home in the 81240 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 81240 with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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