Acreage
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8220 W Highway 24, Cascade, CO 80809
Four occupied units, updated building systems, and flexible month-to-month tenancy support ongoing residential income use.
Property Size2,754 SF
Lot Size2.00 Acres
Price / SF$295.93
Days on Market16
Property Features for 8220 W Highway 24
General Information
Standard status
Active
Size
2,754 SF
Class
C
Total Parking Spaces
8
Lot size
2.00 Acres
Property subtype
Multifamily
Zoning
R-T (El Paso County)
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$42,713
Additional Details
Multifamily Units
4
Building Details
Year Built
1955
Buildings
1
Stories
2
Units
4
Tenancy
Multi
Listing Agency:
Call It Closed International Realty
(719) 244-6378
Listed By:
David Carter · License #CO 100069244
Source:
Crexi
Added: Aug 8
Changed: Aug 12
Last Checked: Aug 22 at 8:48AM
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 Call It Closed International Realty
Investment Insights
Based on property information with market context.
This fourplex contains four residential units on 2.0 usable acres in unincorporated El Paso County. Built in 1955, the property is fully occupied and has received electrical upgrades, replacement windows throughout, and renovations to two units. Three units are leased month-to-month, providing flexible tenancy terms.
The property is located at 8220 W Highway 24 in Cascade, between Woodland Park and Colorado Springs. It is zoned R-T in El Paso County. The property has maintained near-zero vacancy for more than five years, according to the available property information. Short-term-rental permitting is currently not required in unincorporated El Paso County, subject to buyer verification.
The property is located at 8220 W Highway 24 in Cascade, between Woodland Park and Colorado Springs. It is zoned R-T in El Paso County. The property has maintained near-zero vacancy for more than five years, according to the available property information. Short-term-rental permitting is currently not required in unincorporated El Paso County, subject to buyer verification.
Key Highlights
- Four‑unit property on 2.0 usable acres
- Fully occupied with a 5+ year near‑zero‑vacancy track record
- Electrical system upgrades and all‑new windows
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Explore this area
Business Placement
Demographics for 80809, CO
1,525
Population
627
Households
2.4
Avg Household Size
52
Median Age
44%
College-Educated
98%
High-School Grad
49.6 sq mi
ZIP Area
31
Density / Sq Mi
$81,210
Median Household Income
$61,667
Median Earnings
$1,969
Median Rent
$496,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied units, updated building systems, and flexible month-to-month tenancy support ongoing residential income use.
Where is this quadplex located?
The property is located at 8220 W Highway 24 Cascade, CO.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: Four‑unit property on 2.0 usable acres; Fully occupied with a 5+ year near‑zero‑vacancy track record; Electrical system upgrades and all‑new windows
