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Fourplex Income Property with Upgrades

8220 W Highway 24 Cascade, CO 80809

New
8220 W Highway 24, Cascade, CO, 80809
$815,000
For Sale
$815,000

MULTI_FAMILY - Cascade, CO

Lot Size2.00 Acres
Days on Market1

Property Features for 8220 W Highway 24

General Information

Property type
Residential Multi Family
Property subtype
Quadruplex
Standard status
Active
Lot size
2.00 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
2706

Utilities

Heating system
Natural Gas, Wall Furnace
Cooling system
Attic Fan

Building Details

Year built
1955
Listing Agency Call It Closed International Realty
4745 S Carefree Cir, Colorado Springs, CO
Listed by David Carter ABR GRI MRP SRS
Added: Jul 17 Checked: Jul 17 at 7:06 pm
MLS# 2040443 Listing URL

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.

Built in 1955, this fully occupied fourplex offers four 2-bedroom, 1-bath units on 2 usable acres in unincorporated El Paso County. The property features gas heat and gas ranges, in-unit washer hookups, and shared dryer service, along with a bear-proof trash setup and a utility shed on the grounds. Recent improvements include upgraded electrical, all-new windows, and two turnkey-remodeled units with updated kitchens, LVP flooring, paint, and appliances.

Tenant-paid utilities are electric, gas, and water, with the owner carrying trash only. By August, three of the four units are on month-to-month terms. The listing also notes a private drive, abundant parking, mountain views, and access to national forest land, and highlights that unincorporated El Paso County has no short-term-rental permit requirement (buyer to verify).

The seller states financials, rent roll, and a short-term-rental analysis are available to qualified buyers.

Key Highlights

  • Fully occupied 1955 fourplex on 2 usable acres between Woodland Park and Colorado Springs
  • Four 2‑bed/1‑bath units (~689 SF each) with gas heat and in‑unit washer hookup; gas ranges and refrigerators included
  • Upgraded electrical and all‑new windows, plus two remodeled units with new kitchens, LVP flooring, paint, and appliances

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

HVAC Service Auto Parts Store Building Supply Storage Facility (Bike/Boat/Book/etc) Store Hair Salon Nail Salon Computer & Electronic Repair Law Firm Plumbing Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Fully occupied 1955 fourplex on 2 usable acres with updated electrical, new windows, and two renovated units.
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: Fully occupied 1955 fourplex on 2 usable acres between Woodland Park and Colorado Springs; Four 2‑bed/1‑bath units (~689 SF each) with gas heat and in‑unit washer hookup; gas ranges and refrigerators included; Upgraded electrical and all‑new windows, plus two remodeled units with new kitchens, LVP flooring, paint, and appliances
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