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Remodeled Fourplex with Laundry
For Sale
$745,000

2921 Straus Lane, Colorado Springs, CO 80907

Residential Income, Colorado Springs, CO

Property SizeContact for details
Lot Size0.19 Acres
Days on Market46

Property Features for 2921 Straus Lane

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Elementary school district Colorado Springs 11
Middle school district Colorado Springs 11
High school district Colorado Springs 11
Standard status Active
Lot size 0.19 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 2430

Utilities

Heating system Baseboard
Cooling system Ceiling Fan(s)

Amenities

coin-operated laundry

Building Details

Year built 1972
Roof type Shingle
Listing Agency: Falcon Property Company
Listed By: Mimi Foster Feith AHWD EPRO GRI MRP
Added: Jul 17 Changed: Aug 19 Last Checked: Aug 31 at 8:06PM
MLS# 9554834

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 fourplex contains 10 bedrooms across a mix of two three-bedroom units with separate dining areas and two two-bedroom units with spacious eat-in kitchens. Each residence has been remodeled within the past two to five years, with granite countertops, replacement cabinetry, and bathroom improvements. Large storage closets and coin-operated laundry add practical on-site functionality.

Property improvements include a shingle roof and gutters installed in 2025, foundation stabilization completed in 2022, new wastewater drainage, and a paved parking area completed in 2023. Built in 1972, the property sits on 0.1928 acres near Fillmore and I-25 in Colorado Springs. Heating is provided by baseboard systems, with ceiling fans for cooling.

Key Highlights

  • 10‑bedroom fourplex with two 3‑bedroom units and two 2‑bedroom units
  • All units remodeled within the past two to five years
  • New roof and gutters completed in 2025

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Daycare Center (Bike/Boat/Book/etc) Store Grocery & Convenience Store Food Market Florist

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
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

497
Businesses Nearby

Demographics for 80907, CO

28,806
Population
13,250
Households
2.2
Avg Household Size
40
Median Age
40%
College-Educated
93%
High-School Grad
9.8 sq mi
ZIP Area
2,939
Density / Sq Mi
$71,393
Median Household Income
$41,355
Median Earnings
$1,392
Median Rent
$371,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

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

What type of property is this?
Quadplex - Updated units feature renovated kitchens, improved bathrooms, storage closets, and on-site coin-operated laundry.
Where is this quadplex located?
The property is located at 2921 Straus Lane Colorado Springs, CO.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: 10‑bedroom fourplex with two 3‑bedroom units and two 2‑bedroom units; All units remodeled within the past two to five years; New roof and gutters completed in 2025
More about this property
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