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    116 S Murray Blvd Colorado Springs, CO 80916

    For Sale
    $549,900

    Updated fourplex with strong rental income and park access.

    Lot size:
    0.22 Acres

    Property Features for 116 S Murray Blvd

    General Information

    Lot size
    0.22 Acres

    Building Details

    Year built
    1972

    Source: MB Denver Colorado Realty Source Agent Darren Fogel

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Well-Maintained Fourplex Backing to Park

    This well-maintained fourplex property backs onto a park. Recent updates include newer paint, LVP flooring, and updated kitchens and bathrooms. Each of the four units features two bedrooms and one bathroom. The property includes storage lockers and off-street parking for residents. A coin-operated laundry facility on-site generates additional income, estimated between $30 and $50 per month. A new boiler was installed in 2022.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.747762
    Latitude
    38.8324754

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    FAQs

    What type of property is this?
    Quadplex - Updated fourplex with strong rental income and park access.
    Where is this quadplex located?
    The property is located at 116 S Murray Blvd Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: - Well-maintained 4-plex with strong rental income.; - Backs directly onto a park.; - Recent updates include newer paint, LVP flooring, and updated kitchens and bathrooms.
    (303) 883-2252
    Request Owner's contact information
    116 S Murray Blvd Colorado Springs, CO 80916
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    Colorado Springs, CO 80916
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    116 S Murray Blvd Colorado Springs, CO 80916
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