For Sale Multi-Family MLS# 8748635

329 S Murray Boulevard A, B, C, D

Colorado Springs, CO 80916

$700,000

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About 329 S Murray Boulevard A, B, C, D

Well-Maintained Colorado Springs 4-Plex – Strong Rents with 7%+ Cap Rate, Updated Major Systems & Immediate Income. Excellent opportunity to acquire a well-kept 4-plex with strong existing rents, recent improvements, & one vacant unit offering immediate flexibility for a new owner. . Unlike many multifamily properties that require substantial deferred-maintenance investment after closing, this property has benefited from important capital improvements. A new roof was installed in 2026, and the furnaces & water heaters have been updated within approximately the last four years. Each unit has its own furnace & water heater, providing separation of major mechanical systems and simplifying ongoing ownership & maintenance. Each residence also includes a stackable washer/dryer, an attractive convenience for tenants. Tenants pay all utilities, helping the owner maintain more predictable operating expenses and preserve net operating income. With three units already producing income, an investor can acquire an operating asset rather than starting from scratch. The vacant fourth unit creates additional upside and flexibility, allowing the new owner to place a tenant, evaluate current market rent, make strategic improvements, or potentially occupy the unit depending on the buyer's investment strategy and financing. Conveniently located along the Murray Boulevard corridor with access to employment, shopping, transportation and major Colorado Springs thoroughfares, the property offers the combination investors look for: existing cash flow, strong rental income, tenant-paid utilities, updated major components, multiple income streams and limited immediate capital needs. All four units are currently rented with a solid history of stable tenants; next lease expires in February 2027 with one tenant potentially departing sooner. This is an appealing opportunity for experienced multifamily investors and potentially owner-occupied investors/owners.

Property details

Property

Type
Fourplex
MLS type
Multi Family Home
Status
Active
Year built
1974
Living area
0 sqft
Lot
0.2208
Original price
$700,000
MLS #
8748635

Interior

Features
Full Basement, Garden Level, Walk Out
Appliances
220v in Kitchen, Disposal, Dryer, Kitchen Vent Fan, Oven, Range, Washer
Heating
Forced Air
Cooling
Ceiling Fan(s)
Laundry
Electric Hook-up, Gas Hook-up
Windows
Aluminum

Exterior & lot

Roof
Composite Shingle
Fence
Rear

Schools

District
Colorado Springs School District 11

Utilities

Utilities
Sewer, Municipal, Cable Available, Electricity Connected, Natural Gas Connected
Water
Municipal
Sewer
Sewer

Financial

Financial
Pikes Peak REALTOR® Services
Annual tax
$2,161
Tax year
2025
Parcel
6414314005

Location

County
El Paso
Neighborhood
Eastborough
Community
Colorado Springs 11

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Listed by Kerri Kilgore CRS MRP SFR SRES , The Colorado Property Pros

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.