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4-Unit Quadplex with Updated Systems
New
For Sale
$700,000

329 S Murray Boulevard #A B C D, Colorado Springs, CO 80916

Separate furnaces and water heaters serve each residence, with tenants responsible for all utilities.

Property SizeContact for details
Days on Market2

Property Features for 329 S Murray Boulevard #A B C D

General Information

Standard status Active
Property subtype Residential Income

Site & Location

Neighborhood Airport

Additional Details

Multifamily Units 4
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $2,161

Amenities

stackable washer/dryer

Building Details

Year Built 1974
Units 4
Listing Agency: The Colorado Property Pros
Listed By: Kerri Kilgore CRS MRP SFR SRES
Source: Kimmelrealtygroup
Added: Oct 30 Last Checked: Oct 30 at 2:35PM

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 The Colorado Property Pros

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Investment Insights

Based on property information with market context.

This 4-unit property in Colorado Springs was built in 1974. Each residence has its own furnace and water heater, both updated within approximately the last four years, along with a stackable washer and dryer. A new roof was installed in 2026.

Tenants pay all utilities. The property is advertised with a cap rate of 7%+; the remarks also identify one unit as vacant while stating that all four units are rented, so current occupancy is not characterized here.

Key Highlights

  • Four residences, each with its own furnace and water heater
  • New roof installed in 2026
  • Furnaces and water heaters updated within approximately the last four years

Property Analytics

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

68
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

Frequently Asked Questions

What type of property is this?
Quadplex - Separate furnaces and water heaters serve each residence, with tenants responsible for all utilities.
Where is this quadplex located?
The property is located at 329 S Murray Boulevard #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 residences, each with its own furnace and water heater; New roof installed in 2026; Furnaces and water heaters updated within approximately the last four years
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