#6673366, Andrew Guterman, Listing Office: Atlas Real Estate Group LLC

1025 Magnolia St Colorado Springs, CO 80907
Property details
About 1025 Magnolia St
Turnkey 4-Plex Investment Opportunity – 1025 Magnolia St, Colorado Springs This well-maintained fourplex features (4) 2-bed, 1-bath units—each offering 821 sq ft, in-unit washer and dryer, and private back storage. Major capital improvements already completed: new boiler and water heater (2016), full roof and gutter replacement (2019), and a new driveway (2019). The required Springs Utilities backflow prevention device was just installed. Tenant turnover is minimal, and units are consistently updated during transitions. Property has been proactively maintained, making this a solid plug-and-play investment for the next owner. Full Financials Available.
Highlights
Summary
- Basement: No
- Attached Garage: No
- Heating: Radiant
- Cooling: None
- List Price: $799,000
- Price/SqFt: $243
- Annual Tax Amount: $2,075
- Tax Year: 2023
- Year Built: 1971
- Living Area: 3,282 SqFt
- MLS Number: 2432034
- MLS Name: RECOLORADO
- Office Name: Toprock Real Estate LLC
- Office Phone: (704) 929-2088
- Listing Agent: John Galloway
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Greenwood Village, CO 80111 USA
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Last updated on: 5/25/2025, 4:12:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$799,000
1025 Magnolia St
$9,488
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
May 19, 2015 | Home Sold | $200,000 |
Jul 25, 2013 | Home Sold | $248,000 |
Jun 22, 2007 | Home Sold | $235,000 |
Dec 31, 2003 | Home Sold | $250,000 |
Jul 25, 2002 | Home Sold | $275,300 |
May 15, 2000 | Home Sold | $178,500 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $41,580 | $2,075 |
2022 | $29,680 | $1,660 |
2021 | $31,210 | $1,841 |
2020 | $24,010 | $1,629 |
2019 | $24,010 | $1,466 |
2018 | $19,980 | $1,388 |
2017 | $19,980 | $1,094 |
History based on county public records data.
Nearby schools
6
Colorado International Language Academy
Public Charter KG-6
0.7 mi
•303 Austin Bluffs Pkwy
4
Edison Elementary School
Public District PK-5
0.8 mi
•3125 N Hancock Ave
6
Stratton Elementary School
Public District PK-5
1.5 mi
•2460 Paseo Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $33,817. The majority of Colorado Springs, CO residents have income less than $<35k annually. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
Similar homes for sale
This home is located at 1025 Magnolia St in Colorado Springs, CO and zip code 80907 in the West Colorado Springs neighborhood. This 3,282 square foot home was built in 1971. Features: 0 bathroom. It has been listed on Rocket Homes since May 24, 2025 and is currently priced at $799,000.
Colorado Springs, CO housing market in April 2025 saw over 79 listings sold above listed price, more than 71 sold at listed price and over 113 sold below. Between March and April 2025, Colorado Springs, CO real estate market has seen increase in the number of listings by 46.1%. While the average time on the market in April 2025 was 48 days, the median list price was $478,588.