504 - 516 Winnie WAY new to site Save Request In-Person Tour Request Virtual Tour
Colorado Springs,CO 80904
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,456 sqft
Price per Sqft $277
Subdivision Kings Manor Sub
MLS Listing ID 2011515
HOA Y/N No
Abv Grd Liv Area 3,456
Year Built 1984
Annual Tax Amount $2,554
Tax Year 2024
Property Sub-Type Quadruplex
Source recolorado
Property Description
***Quadplex in Highly Desirable Pleasant Valley Neighborhood*** Cushman & Wakefield is pleased to present an exceptional opportunity to acquire 504–516 Winnie Way, a well-maintained, four-unit multifamily asset located in the highly desirable Pleasant Valley neighborhood on the west side of Colorado Springs, CO. This property benefits from a prime infill location just minutes from some of the city's most iconic destinations, including Garden of the Gods, Old Colorado City, and Downtown Colorado Springs, offering residents unparalleled access to outdoor recreation, local dining, retail, and major employment hubs.
Built in 1984, the property comprises four spacious 2-bedroom/1.5-bath units, each thoughtfully designed for functional living. With a total building area of 3,456 square feet and an average unit size of approximately 864 square feet, the asset presents a balanced combination of scale, livability, and ease of management.
Located in El Paso County, Colorado Springs continues to rank as one of the fastest-growing cities in the country, supported by a diversified economy with major employment drivers in the defense, aerospace, technology, and
healthcare sectors. 504–516 Winnie Way offers investors stable in-place income with significant upside through rent increases and light interior upgrades as leases turn. With below-market rents and strong rental demand, the asset is well-positioned for value creation in a supply-constrained submarket.
This offering represents an ideal opportunity for investors seeking a stabilized, low-maintenance multifamily asset with long-term growth potential in one of Colorado's most dynamic and resilient markets.
Location
State CO
County El Paso
Zoning PUD
Interior
Heating Forced Air
Cooling None
Fireplace N
Exterior
Garage Spaces 4.0
Roof Type Shingle,Membrane
Total Parking Spaces 4
Garage Yes
Building
Sewer Public Sewer
Level or Stories Two
Structure Type Vinyl Siding
Schools
Elementary Schools West
Middle Schools West
High Schools Coronado
School District Colorado Springs 11
Others
Senior Community No
Ownership Corporation/Trust
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Special Listing Condition None