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Remodeled Ranch-Style Quadplex
For Sale
$710,000

4328 Ericson Drive, Colorado Springs, CO 80906

Residential Income, Colorado Springs, CO

Property SizeContact for details
Lot Size0.16 Acres
Days on Market45

Property Features for 4328 Ericson Drive

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Elementary school district Harrison-2
Middle school district Harrison-2
High school district Harrison-2
Standard status Active
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 2991

Utilities

Heating system Forced Air, Natural Gas
Cooling system Ceiling Fan(s)

Amenities

fenced outdoor space
panoramic mountain views

Building Details

Year built 1969
Roof type Shingle
Listing Agency: Falcon Property Company
Listed By: Mimi Foster Feith AHWD EPRO GRI MRP
Added: Jul 18 Changed: Aug 28 Last Checked: Aug 31 at 10:06AM
MLS# 5883778

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 ranch-style quadplex contains four residential units and was built in 1969. Three units received remodeling within the past two years, including refreshed carpeting, paint, bathroom improvements, and kitchen upgrades. Unit #4 is occupied by a long-term tenant. The property includes forced-air heating powered by natural gas, ceiling fan cooling, and a shingle roof.

Outdoor space is enclosed by fencing and offers panoramic mountain views. The property is positioned near bus lines and military bases, with convenient access to the Interstate system. Its 0.1591-acre site provides the setting for the four-unit residential income property.

Key Highlights

  • Four‑unit ranch‑style quadplex built in 1969
  • Three units remodeled within the past two years
  • Updates include carpeting, paint, bathroom, and kitchen improvements

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Hair Salon Building Supply Real Estate Agency Parking Lot & Garage Spa & Massage 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
Yes
Fenced yard
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

219
Businesses Nearby

Demographics for 80906, CO

39,019
Population
16,771
Households
2.3
Avg Household Size
39
Median Age
49%
College-Educated
95%
High-School Grad
45.6 sq mi
ZIP Area
856
Density / Sq Mi
$88,047
Median Household Income
$47,314
Median Earnings
$1,634
Median Rent
$543,400
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 - Three units were updated within the past two years, with fenced outdoor space and mountain views.
Where is this quadplex located?
The property is located at 4328 Ericson Drive Colorado Springs, CO.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Four‑unit ranch‑style quadplex built in 1969; Three units remodeled within the past two years; Updates include carpeting, paint, bathroom, and kitchen improvements
More about this property
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