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Renovated Four-Unit Quadplex
For Sale
$649,900

4725 Picturesque Drive, Colorado Springs, CO 80917

Residential Income, Colorado Springs, CO

Property SizeContact for details
Lot Size0.40 Acres
Days on Market45

Property Features for 4725 Picturesque Drive

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Fireplace 1
Elementary school district Colorado Springs 11
Middle school district Colorado Springs 11
High school district Colorado Springs 11
Standard status Active
Lot size 0.40 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2354

Utilities

Heating system Electric (Heating), Baseboard
Cooling system Ceiling Fan(s)

Amenities

on-site laundry
private patios

Building Details

Year built 1974
Listing Agency: Falcon Property Company
Listed By: Mimi Foster Feith AHWD EPRO GRI MRP
Added: Jul 18 Changed: Aug 19 Last Checked: Aug 31 at 3:06PM
MLS# 4121287

Copyright © 2026 elevateMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This four-unit residential income property was built in 1974 and has been renovated with luxury vinyl plank flooring, stainless steel appliances, and dishwashers. The unit mix includes two three-bedroom residences and two two-bedroom residences. Upper-level units receive abundant natural light, while lower-level units include private patios. On-site laundry serves the property, with electric baseboard heating and ceiling fans providing building amenities. A fireplace is also present.

The property occupies 0.3972 acres at 4725 Picturesque Drive in Colorado Springs. Its location provides access to the Powers Corridor, with shopping, dining, entertainment, schools, and major military establishments located minutes away.

Key Highlights

  • Four‑unit property with two 3‑bedroom and two 2‑bedroom residences
  • Fully occupied residential income asset
  • Renovated with luxury vinyl plank flooring, stainless steel appliances, and dishwashers

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Food Market Acupuncture Grocery & Convenience Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

281
Businesses Nearby

Demographics for 80917, CO

30,513
Population
13,656
Households
2.2
Avg Household Size
37
Median Age
35%
College-Educated
94%
High-School Grad
5.6 sq mi
ZIP Area
5,449
Density / Sq Mi
$72,805
Median Household Income
$39,973
Median Earnings
$1,435
Median Rent
$353,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Fully occupied multifamily property with updated interiors, private patios, and on-site laundry.
Where is this quadplex located?
The property is located at 4725 Picturesque Drive Colorado Springs, CO.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Four‑unit property with two 3‑bedroom and two 2‑bedroom residences; Fully occupied residential income asset; Renovated with luxury vinyl plank flooring, stainless steel appliances, and dishwashers
More about this property
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