Rachael Zahrbock

Agent | License ID: 100088258

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$ 530,000

Est. payment | -/mo

10 Beds

4 Baths

3,908 SqFt

$ 530,000

Est. payment | -/mo

10 Beds

4 Baths

3,908 SqFt

Key Details

Sold Price $530,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,908 sqft

Price per Sqft $135

Subdivision Tamarack South

MLS Listing ID 8938940

Sold Date 06/03/26

Bedrooms 10

HOA Y/N No

Abv Grd Liv Area 3,908

Year Built 1972

Annual Tax Amount $2,645

Tax Year 2024

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Quadruplex

Source recolorado

Property Description

Cash flow meets Colorado charm at 4310 Loomis Ave, Colorado Springs, CO 80906. This 10-bed, 4-bath fourplex in unincorporated El Paso County is a versatile income-producing asset with multiple exit strategies. Two 3-bedroom units and two 2-bedroom units provide a strong, efficient layout. Previously operated as successful short-term rentals, the property can remain STR or convert to long-term rentals. Currently, 3 of 4 units are month-to-month, allowing immediate repositioning and rent optimization. Built in 1972, the property features solid construction and functional layouts with predictable maintenance and strong tenant appeal. Current income is $5,400/month ($64,800/year) supporting an estimated ~9.8% in-place cap rate. One 3-bedroom unit is vacant and STR-ready, offering immediate upside. Projected income is $8,400+/month ($100,800/year) supporting an estimated ~15%+ stabilized cap rate through rent increases, lease-up of the vacant unit, and correction of below-market rents. Additional NOI upside exists through utility bill-back, laundry income, and operational efficiencies. Value-add is a key driver as utilities and WiFi are currently owner-paid, and shifting this to tenants increases NOI immediately, with additional upside from coin-operated laundry and operational improvements. The oversized lot allows for additional parking or future expansion, while seasonal demand supports strong STR performance and occupancy. Location is key—minutes from Broadmoor World Arena, Cheyenne Mountain State Park, and central Colorado Springs, with strong tenant demand from employers and military bases. To respect tenant privacy, all units will be available only during Open House Saturday 4/25 from 1–3 PM and during scheduled inspections, with individual showings limited to Unit 2 (vacant 3BR only). Bottom line: cash flow now, upside tomorrow—flexible asset with clear execution path.

Location

State CO

County El Paso

Zoning RM-30

Rooms

Basement Crawl Space

Interior

Interior Features Ceiling Fan(s)

Heating Baseboard

Cooling Air Conditioning-Room

Flooring Carpet, Concrete, Vinyl

Fireplace N

Appliance Dryer, Gas Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer

Laundry Common Area

Exterior

Exterior Feature Fire Pit, Private Yard

Fence Partial

Utilities Available Electricity Available, Electricity Connected, Natural Gas Not Available

View Mountain(s)

Roof Type Composition

Total Parking Spaces 6

Garage No

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Frame,Wood Siding

Schools

Elementary Schools Otero

Middle Schools Fox Meadow

High Schools Harrison

School District Harrison 2

Others

Senior Community No

Ownership Corporation/Trust

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan

Special Listing Condition None

Listed by Humble Bee Realty LLC
Bought with Humble Bee Realty LLC

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(303) 881-0062

rachaelzahrbockpremiere@gmail.com

999 19th Street, Ste 3000,, Denver, CO, 80202

4310 Loomis AVE Colorado Springs, CO 80906

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Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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4310 Loomis AVE