$635,000

1820 Monterey Road, Colorado Springs, CO 80910

  • 8 beds |
  • 8 baths |
  • 4,006 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1984
  • Property Lot Size Icon0.25acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $159/sqft
  • Property List Date Icon Listed 12 days ago

Property Description

Cushman & Wakefield is pleased to present 1820 Monterey Rd, a well-located multifamily investment opportunity in Southeast Colorado Springs. The property sits within an established residential neighborhood with convenient access to major thoroughfares like S Academy and I-25. 1820 Monterey Rd is located nearby employment such as Amazon Distribution & Innovation Park, and convenient access to retail & groceries, making it attractive to long-term renters. The asset is comprised of townhome-style units featuring both front and rear entrances, offering added privacy and functionality. Each unit includes a desirable 2-bedroom, 1.5-bath layout, and gas and electric utilities are individually metered, allowing ownership to minimize operating expenses and efficiently manage utility costs. The property has maintained solid occupancy and presents a clear value-add opportunity through rent growth to market levels and value add implementation. Additional features such as off-street parking and recent exterior improvements further enhance tenant convenience and overall property appeal, positioning 1820 Monterey Rd as a stable asset with long-term upside. Please call or text 417-459-2155 with any questions or inquiries.

Listing Status:
Active
Data Last Updated:
February 15, 2026 at 5:20PM
Listing Office:
Cushman & Wakefield : 303-292-3700
Listing Agent:
Nic Polaski : 719-238-9074
MLS ID:
8164546
  • Laundry: In Unit
  • A/C: None
  • Heating: Forced Air
  • Parking: Parking spaces: 8
  • Roofing: Shingle
  • General: Two
  • Originating MLS: recolorado
  • School District: Harrison 2
  • County: El Paso
  • Zoning: LOT 8 SHENANDOAH SUB FIL NO 1 COLO SPGS6427211029
  • Fencing: Partial
  • Utilities: Electricity Connected
  • Water: Public
  • Sewer: Public Sewer
  • Source: recolorado
  • Ownership: Individual
  • Exclusions: Sellers personal property

This listing courtesy of Nic Polaski , Cushman & Wakefield

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Monterey Elementary School

2311 Monterey Rd, Colorado Springs, CO, 80910

Grades PK-5

0.57 miles away

P

Panorama Middle School

2145 S Chelton Rd, Colorado Springs, CO, 80916

Grades 6-8

1.79 miles away

H

Harrison High School

2755 Janitell Rd, Colorado Springs, CO, 80906

Grades 9-12

1.35 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.