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$545,000
2874353 MLS
Stunning Downtown Home with Separate Apartment — Ideal for Multi-Generational Living or Rental Income! This beautifully updated home in the heart of Downtown offers exceptional flexibility for a college student, mother-in-law suite, renter, or home-based business. The main level features newer LVP flooring, a bright kitchen with granite countertops, updated cabinetry, and newer appliances. Main-floor laundry adds convenience. A spacious bedroom on this level opens to a private backyard deck, perfect for relaxing or entertaining. The upper level suite includes two closets, built-ins, a seating area, LVP flooring, and a new skylight that fills the room with natural light. The main level bathroom has been refreshed with a new vanity, new shower insert, and updated plumbing fixtures. From the upper level, enjoy a beautiful view of Pikes Peak. The garden-level basement apartment offers brand-new carpet, a new ¾ bath, abundant natural light through new windows, and a private entrance—ideal for rental income or multi-generational living. A large storage room provides valuable extra space. Extensive upgrades include a new electrical service panel, several new circuits added to bring the home up to code, all new receptacles and switches, updated light fixtures, a newly lined sewer line, and a new lift pump in the basement. New windows throughout! Additional improvements include a new front door and storm door, a new sliding door with in-glass blinds, rebuilt front stairs, new interior barn doors in the master, and new sliding pull-out shelves in the kitchen and pantry. The backyard features low-maintenance xeriscaping. With RV parking, alley access to the garage, and a location just blocks from restaurants, coffee shops, and downtown amenities, this turn-key property offers outstanding income potential and flexible living options!

225 N Cedar St, Colorado Springs

Courtesy of RE/MAX Real Estate Group LLC. 719-534-7900

$375,000
5322195 MLS
Discover the possibilities with this unique R-5 zoned property, ideally suited for residential, commercial, or investment use. Permitted uses include multi-family apartments, professional offices, non-profit organizations, and much more. Conveniently located between Parkview Hospital and the City Center, this well-maintained property is ideal for an owner-occupant, investor, or business looking for a prime location. The property is currently configured into three separate spaces. One side features a 420 sq. ft. one-bedroom apartment, while the main living area offers two bedrooms, one full bathroom, an unfinished 760 sq. ft. basement, and garage space. A third unit includes three rooms and two half baths, making it well suited for office or professional use. Each unit is equipped with its own full kitchen, and all appliances are included. Additional highlights include oak hardwood floors, double-pane vinyl windows, a covered rear deck with handicap-accessible entry, and ample parking with eight spaces behind the property plus additional street parking. Whether you're looking to establish a business, expand your investment portfolio, or create multiple income-producing units, this unique property offers outstanding flexibility and long-term potential.

1217 N Greenwood St, Pueblo

Courtesy of Redfin Corporation. 520-744-6917

$639,900
3 Beds 2 Baths 7048918 MLS
Live in the middle of everything while enjoying the character and charm that make Central Phoenix so special. Located in the highly sought-after Pierson Place Historic District, this unique property offers a rare combination of timeless architecture, modern updates, and flexible living space. The main home features original hardwood flooring, a newer roof, newer HVAC system, and the distinctive character that historic home enthusiasts appreciate. Outside, the irrigated lot provides mature landscaping and a private backyard retreat complete with a diving pool. A detached casita with approximately 318 square feet on the main level plus a finished upper level creates endless possibilities for rental guests, a home office, creative studio, fitness space, AIR BNB, or multi-generational living. A partial basement adds even more flexibility and storage rarely found in Phoenix homes. Just minutes from Uptown Plaza, the Melrose District, Downtown Phoenix, the Camelback Corridor, local restaurants, coffee shops, and entertainment, this is an opportunity to own a piece of Phoenix history in one of the city's most desirable central neighborhoods.

539 W Mariposa Street, Phoenix

Courtesy of Barrett Real Estate. 480-864-2100

$550,000
14 Beds 7 Baths 7048471 MLS
Exceptional value-add opportunity in the heart of Phoenix. Situated on an expansive 14,000 SF lot, this 5-unit multifamily property offers tremendous potential for investors, developers, and owner-operators seeking their next repositioning project. The property requires substantial renovation, creating a true blank canvas for value-add improvements, redevelopment, or adaptive reuse potential. Whether your strategy is long-term hold, multifamily investment, workforce housing, or reimagining the site for its highest and best use, this asset offers exceptional flexibility. Ideally located just minutes from Downtown Phoenix and the Arizona State Capitol, with convenient access to I-10, I-17, Sky Harbor International Airport, the Phoenix Bioscience Core, ASU's Downtown Campus, and the city's major sports and entertainment venues. Positioned within an evolving urban corridor experiencing continued public and private investment, this rare large-lot property combines location, density, and long-term upside. Investment opportunities with this combination of size, proximity to the urban core, and repositioning potential are becoming increasingly difficult to find. Bring your vision and unlock the possibilities.

2021 W Washington Street, Phoenix

Courtesy of SERHANT.. 602-525-3992

$565,000
8176603 MLS
Excellent investment opportunity featuring a well-maintained fourplex in a strong rental location. The property consists of four 2 bed, 1 bath units with proven rental history and upside through lease-up and future rent growth. Property has been recently improved with updated units, and major systems in good shape including a new roof in the last year. Two units are currently occupied providing immediate income, while recent leasing activity demonstrates continued stable rental demand in the area. Conveniently located with easy access to shopping, employment centers, schools, and major transportation routes, this property is well suited for investors seeking stable cash flow with additional upside potential.

4060 Airport Rd, Colorado Springs

Courtesy of HomeSmart. 303-858-8100

$995,950
8 Beds 4 Baths 7047702 MLS
Investor alert in the heart of Chandler! Well-maintained single-level 4-plex offering a strong opportunity to live in one unit and rent the others, or add a fully leased income property to your portfolio. Each unit is approx. 750 sq ft, unfurnished, with month-to-month tenants and deposits around $1,000. Current rents: Unit 1 $1,485, Unit 2 $1,485, Unit 3 $1,488, Unit 4 $1,475. Each unit includes private storage, plus an additional utility/storage room with laundry setup not currently in use. Owner pays water, sewer, trash and utility/storage room electric; tenants pay their own electric. Close to Alma School dining, shopping and easy access to the 202 and 60 freeways. Photos shown are of Unit 4. Floor plan and virtual tour available online to preview without disturbing tenants. Rare find

1415 N Pleasant Drive, Chandler

Courtesy of EveryPlace. akvalentine16@gmail.com

$425,000
4 Beds 7047471 MLS
DUPLEX property on MF zoned quarter acres of land. Great investment for income or multigenerational living in private apartment. GREAT potential for first time investor to live in one unit and rent out the other to cover your mortgage. FHA financing appears to be available (subject to verification / approval). You can also utilize local/state down payment and closing cost assistance programs. Owner is installing new cabinets, new flooring, new electrical panel, new paint, new bath fixtures, new plumbing fixtures for worry free rental property or your new home with income potential or family living next door. HUD FMR rents for Section 8 are per unit. Owner is general contractor and can customize or add additional units to make it two 3/2 units for additional cost.

14301 N 4th Avenue, El Mirage

Courtesy of Sell Your Home Services. 888-219-3009

$499,900
2623084 MLS
Solid income-producing fourplex in Colorado Springs offering an excellent investment opportunity with immediate upside. Three of the four units are currently occupied, while the freshly updated vacant unit is ready for immediate lease or is ideal for an owner-occupant looking to house hack while generating rental income. The property features three 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit in an up/down configuration, creating a desirable mix of unit sizes that appeals to a broad tenant base. Several units have been updated, and the property offers functional, low-maintenance interiors with carpet, luxury vinyl plank flooring, vinyl flooring in kitchens and baths, electric range/ovens, full-size refrigerators, tub/shower combinations, and ample cabinet storage. Each unit includes its own dedicated storage closet, and tenants enjoy access to a shared coin-operated laundry room for additional owner income potential. Major capital improvements include a new roof installed in 2022 featuring Class 4 impact-resistant shingles, along with an upgraded deck. Tenants currently pay all utilities except lawn care, helping minimize owner expenses. The property also offers ample open parking in the front with additional space available to add parking in the rear if desired. A fully fenced front yard with attractive rock landscaping provides low-maintenance curb appeal, while the wood-frame construction presents cleanly and professionally at an attractive price point. Whether you're expanding your investment portfolio or searching for a property that allows you to live in one unit while collecting rental income from the others, this fourplex offers a compelling combination of cash flow potential, recent improvements, and future upside. Buyer to verify all information, including square footage.

325 Bonnie Ct, Colorado Springs

Courtesy of RE/MAX Alliance. 303-420-5352

$798,000
5124458 MLS
Exceptional investment opportunity in the highly sought-after Academy 20 School District. This offering includes two spacious units. One with 3 bedrooms 2 1/2 bathrooms and over 2300+ sq ft. The adjoining unit has 2 bedrooms 1 1/2 bathrooms and a large storage area. Built in 1973, both residences feature attached garages, stucco exteriors, and New roof. Inside, each unit offers generous room proportions with ceiling fans, a mix of carpet and tile flooring, and two fireplaces anchoring the living areas. Kitchens are equipped with range, oven, dishwasher, and refrigerator, with the convenience of in-unit laundry on the main level. Nestled in the Black Forest area of Colorado Springs, this property offers easy access to I-25, the Air Force Academy, shopping, dining, and recreational trails. The 80921 zip code remains one of the most desirable in the region, with a neutral market index and steady long-term appreciation. Whether you're looking to owner-occupy one unit and lease the other, or add both to your portfolio, 15050 & 15060 Sun Hills Drive present a rare chance to secure substantial square footage in a prime Colorado Springs location.

15050 Sun Hills Dr, Colorado Springs

Courtesy of United Real Estate Prestige Denver. 720-650-2250

$290,000
3520884 MLS
Character. Convenience. Room to make it your own. Built in 1925, this 3-bedroom, 2-bath bungalow sits in the established Lake Park neighborhood. Just minutes from downtown and a short walk to Memorial Park and Prospect Lake, you'll have easy access to trails, paddleboarding, community events, and everything that makes this part of the city so popular. Inside, the kitchen has been refreshed with butcher block countertops, while the gas cooktop and double ovens are ready for everything from weeknight dinners to holiday meals. The rest of the home offers a comfortable blend of original character and opportunity, leaving plenty of room to put your own stamp on the space. Out back, the fenced yard offers a deck made for slow evenings, plus a detached one-car garage with convenient alley access for parking and storage. It's an outdoor space that's easy to enjoy without demanding every weekend of your time. Whether you're looking for your next address or your next investment, this property is ready for someone to make the most of everything it has to offer.

526 S Hancock Ave, Colorado Springs

Courtesy of Sailing Stone Real Estate LLC. 719-339-4088

$815,000
5875291 MLS
A rare and extraordinary turnkey rental opportunity in Manitou Springs to own four one-of-a-kind themed cottages called the historic Crosby Cottages. Just moments from the iconic shops, restaurants, and natural landmarks of the Manitou Springs area, these homes have been recently updated by vibrantly combining vintage elements of their 1909 character with modern conveniences. Each of the four distinct and captivating residences has its own private entrance, generous porch and theme. A shared courtyard and community garden cultivate a warm, village-like atmosphere. The structures retain classic character with original restored hardwood floors and some with cast iron tubs and sinks. All have been renovated with updated kitchens, bathrooms, individual electric meters, washer/dryer hookups, updated electrical, updated plumbing, fresh paint inside and out. The cottages vary in layout and size. Cottage 1 offers a cozy studio with a ¾ bath and retro flooring with a 1910s theme, while Cottage 2 features two beds, a loft, an office with built-ins, and a full bath with 1920s accents. Cottage 3 presents a bedroom, a full bath and stylish accents including a subway tile backsplash with a 1930s vibe. Cottage 4 hosts a bedroom and a ¾ bath with unique tile echoing the 1940s. Located in the prime location between downtown Manitou Springs and several high-volume tourist attractions, the Crosby Cottages are ideally suited for those seeking a well-positioned, income-producing asset in a high-demand Historic area with limited rental availability. Situated moments from the Manitou Incline, Pikes Peak Cog Railway, local dining, shopping, trails and Garden of the Gods, this property offers an unparalleled rental income community. Mid- and long-term renters are in place. Consult with the City of Manitou regarding short-term rental questions. Tenants can get permits to park on the street. Great for rental and 1031 exchange.

125 Ruxton Ave Unit R, Manitou Springs

Courtesy of Compass. 303-536-1786

$650,000
4024364 MLS
Four Updated Units • • Fourplex Investment • Spacious 2 Bed/1 Bath Units • Private Exterior Entrances • Near Garden of the Gods • Near Old Colorado City Turnkey four plex investment opportunity in the desirable west side Colorado Springs market. Fully occupied, . Each of the four spacious homes feature 2 bedrooms and 1 full bath, private exterior entrances, and private patio space. Updated interiors include remodeled kitchens, updated flooring, fresh paint, and modern finishes, creating strong resident appeal. The property offers approximately 2,912 square feet and benefits from consistent rental demand driven by its proximity to Garden of the Gods, Old Colorado City, Manitou Springs, Red Rock Canyon Open Space, shopping, dining, and major commuter routes. Opportunity to acquire a well-maintained, income-producing multifamily property with updated units, private entrances, and proven occupancy in a high-demand rental corridor. Live in one unit and rent out the others, or buy as a turnkey investment. Rare opportunity. Nearby Amenities Garden of the Gods Old Colorado City Historic District Manitou Springs Red Rock Canyon Open Space US-24 and I-25 access Shopping, dining, breweries, and services along West Colorado Avenue

2112 Friendship Pl, Colorado Springs

Courtesy of Atlas Real Estate Group LLC. 303-242-8980

$3,340,000
28 Beds 196 Baths 7045894 MLS
Built in 1967 and renovated in 2019, Villa Siena is entirely comprised of two-bedroom, one-bathroom floorplans. The clean, modernized interiors have been renovated with stainless steel appliances, quartz countertops, new shaker cabinets, wood-style vinyl flooring, and in-suite individual washers and dryers. Each unit also features a spacious private backyard and two tandem covered parking spots offering each resident direct access to their adjacent unit. Future ownership has the opportunity of capitalizing on the ability to acquire a turn-key asset in a top-tier location at a basis significantly lower than the relevant comp-set. 14-units | All include private back yards, in-suite laundry and direct access tandem covered carports.

3141 N 37th St Street, Phoenix

Courtesy of Marcus & Millichap. 602-687-6700

$1,975,000
6 Beds 5 Baths 7045805 MLS
Set behind mature trees on a flood-irrigated half-acre in Historic Medlock Place, this is one of the most unique opportunities currently available in Central Phoenix. Combining vintage character, multiple residences, income potential, and an extraordinary collection of mature fruit trees. Originally built in 1948, the primary residence embraces its mid-century roots with stained concrete floors, a gas fireplace, updated bathrooms, and thoughtful improvements that preserve the home's character. Three separate HVAC systems provide zoned climate control, while the private primary suite includes a kitchenette, creating additional flexibility for guests, extended stays, or multi-generational living. The grounds are something truly special. Flood irrigation supports a thriving orchard featuring citrus, grapefruit, mango, pomegranate, fig, jackfruit, mulberry, kumquat, lemon, lime, and numerous other mature fruit-producing trees. Combined with flowering desert landscaping, shade trees, a resurfaced swimming pool, outdoor shower, and expansive patios, this in-town estate feels like a private retreat. Adding to its appeal are two additional structures that create exceptional flexibility for investors, owner-occupants, entrepreneurs, or those seeking multi-generational living arrangements. A detached apartment building offers approximately 1,752 square feet and was originally designed with duplex potential, while a separate guest house provides approximately 952 square feet of additional living space complete with its own kitchen and amenities. A dedicated laundry facility and three-car garage further enhance the property's functionality. Zoned R-3, the possibilities are extensive. Whether envisioned as an owner-occupied compound, income-producing rental property, boutique hospitality concept, assisted living opportunity, creative live-work environment, or a long-term investment in one of Phoenix's most desirable historic neighborhoods, this property offers a combination of land, improvements, and flexibility. Located steps from Uptown Plaza, local restaurants, coffee shops, light rail access, and Downtown Phoenix, this is a rare chance to own a landmark property in Historic Medlock Place.

37 W Pasadena Avenue, Phoenix

Courtesy of Compass. (602) 376-1341

$299,900
4293195 MLS
Built in 1987, this charming 2-bedroom, 1-bath home offers a fantastic opportunity for homeowners and investors alike, boasting several years of established rental history. The property features a fully fenced backyard and a 4x6 storage shed. The kitchen includes a half-size dishwasher, electric range, refrigerator and stacked washer and dryer. Ideally located with easy access to I-25, this home is just minutes from both downtown Colorado Springs and the historic district of Old Colorado City. Families will appreciate that The Vanguard School is located directly across the street. Shopping, dining, entertainment, and everyday conveniences are all just a short drive away, making this a well-positioned property with strong rental appeal and excellent accessibility.

537 Crockett Ln, Colorado Springs

Courtesy of RE/MAX Real Estate Group LLC. 719-534-7900

$749,999
20 Beds 8 Baths 7045584 MLS
Investment Opportunity! Turnkey 4-plex generating strong rental income in a highly desirable Mesa location. This fully occupied multifamily property features four 2-bedroom, 1-bath units, each approximately 867 square feet. Current rents provide immediate cash flow with additional upside potential through future rent growth and value-add improvements. Two units have been updated, while the remaining units offer opportunities to increase returns. Property features individually metered units, granite countertops in select units, and a newer A/C unit. Conveniently located near shopping, dining, schools, and major freeways, this asset is ideal for investors seeking stable income and long-term appreciation. Add this cash-flowing property to your portfolio today!

1861 N Spring --, Mesa

Courtesy of My Home Group Real Estate. 480-685-2760

$999,000
8 Beds 8 Baths 7045461 MLS
Mountain View 8 Units consists of six one-bedroom/one-bathroom units and two studio units, offering investors a strong cash-flowing multifamily opportunity in North Central Phoenix. Built in 1987, the property features two-story wood-frame construction with a flat roof. Recent capital improvements include new mini-split HVAC systems in all units and various interior upgrades. The property is 100% occupied and generates $8,325 per month ($99,900 annually) in gross rental income. Investors can benefit from immediate cash flow with additional upside through light cosmetic improvements and rental growth. The parcel located directly in front of the property is also included in the sale, providing added value and future potential.

9648 N 12th Avenue, Phoenix

Courtesy of Compass. 480-776-1555

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