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Updated Four-Unit Apartment Building
For Sale
$700,000

329 S Murray Blvd Unit A B C D, Colorado Springs, CO 80916

Income property with separately metered major systems and in-unit laundry equipment.

Property SizeContact for details
Days on Market32

Property Features for 329 S Murray Blvd Unit A B C D

General Information

Standard status Active
Property subtype Multi-Family

Building Details

Year Built 1974
Listing Agency: Realty One Group Apex
Listed By: Kerri Kilgore CRS MRP SFR SRES (833) 764-2739
Source: 719coloradohome
Added: Aug 7 Changed: Sep 5 Last Checked: Sep 7 at 10:07AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty One Group Apex

Investment Insights

Based on property information with market context.

This four-unit apartment property was built in 1974 and includes an individual furnace and water heater for each residence. Every unit is equipped with a stackable washer and dryer, while tenants are responsible for their own utilities. Major building components have been addressed, including a new roof installed in 2026 and updated furnaces and water heaters within approximately the last four years.

The property is located at 329 S Murray Blvd in Colorado Springs, along the Murray Boulevard corridor. Its setting provides access to employment, shopping, transportation, and major Colorado Springs thoroughfares. The combination of four separate residences, individual mechanical systems, and tenant-paid utilities supports straightforward multifamily operations.

Key Highlights

  • Four‑unit apartment property built in 1974
  • New roof installed in 2026
  • Furnaces and water heaters updated within approximately the last four years

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Electrical Service Daycare Center (Bike/Boat/Book/etc) Store Gym & Fitness Center Accounting Firm

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

Location Intelligence

Trade Area within ½ mile

449
Businesses Nearby

Demographics for 80916, CO

39,990
Population
15,464
Households
2.6
Avg Household Size
30
Median Age
18%
College-Educated
88%
High-School Grad
18.4 sq mi
ZIP Area
2,173
Density / Sq Mi
$63,399
Median Household Income
$37,708
Median Earnings
$1,505
Median Rent
$289,500
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 - Income property with separately metered major systems and in-unit laundry equipment.
Where is this quadplex located?
The property is located at 329 S Murray Blvd Unit A B C D Colorado Springs, CO.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Four‑unit apartment property built in 1974; New roof installed in 2026; Furnaces and water heaters updated within approximately the last four years
More about this property
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