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Sold for $625,000
  • $625,000

    2481 Astrozon Circle, Colorado Springs, CO 80916

    --beds
    --baths
    3,536sqft
    Quadruplex
    Built in 1984
    -- sqft lot
    $617,900 Zestimate®
    $177/sqft
    $1,337 Estimated rent

    Home value

    $617,900

    $587,000 - $649,000

    $1,337/mo

    Zestimate® history
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    $1,337/mo

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    What's special

    Marcus & Millichap is pleased to present the exclusive opportunity to acquire 2481 and 2521 Astrozon Circle, two adjacent multifamily properties located in the high-demand Southeast submarket of Colorado Springs. Offered together or separately at a combined price of $1,275,000, these properties feature a total of eight units, seven of which have been recently renovated with updated flooring, modernized kitchens and bathrooms, and fresh interior finishes that appeal to today’s renters. Six of the eight units have also been upgraded with mini-split air conditioning systems, offering enhanced climate control and energy efficiency. This is a compelling operational value-add investment. The current owner has already completed nearly all of the interior capital improvements required to bring the properties up to market standards, significantly reducing the need for further capital expenditures in the near term. With the units in great condition and rents currently below market, there is immediate upside potential through lease turnover and rent increases, allowing a new investor to drive revenue growth without the burden of heavy renovation costs. Situated in a well-established rental corridor near schools, shopping centers, public transportation, and major employment hubs, both properties are ideally located to attract and retain quality tenants. For investors seeking a clean, low-maintenance multifamily opportunity with in-place cash flow and strong rent growth potential, 2481 and 2521 Astrozon Circle offer a rare combination of stability and upside in one of Colorado’s most dynamic rental markets.

    Zillow last checked:

    Listing updated:

    Listed by:

    Andrew Stephens 303-328-2034 andrew.stephens@marcusmillichap.com,

    Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.

    Bought with:

    PPAR Agent Non-REcolorado

    NON MLS PARTICIPANT

    Source: REcolorado as distributed by MLS GRID,MLS#: 1929098MLS Logo

    Facts & features

    Interior

    Heating
    • Forced Air
    Cooling
    • Has cooling: Yes
    Features
    • Has basement: No
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 3,536
    • Total interior livable area: 3,536 sqft
    • Finished area above ground: 3,536

    Property

    Features
    • Levels: Two
    • Stories: 2
    Details
    • Parcel number: 6426419005
    • Zoning: R5 AO
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Materials
    • Wood Siding
    • Roof: Other
    Condition
    • Year built: 1984

    Utilities & green energy

    • Sewer: Public Sewer

    Community & neighborhood

    Location
    • Region: Colorado Springs
    • Subdivision: Pikes Peak Park Sub No 28 Resub Of Lot 1

    Other

    Other facts
    • Listing terms: Conventional
    • Ownership: Individual

    Price history

    DateEventPrice
    9/12/2025Sold$625,000$177/sqft
    Source: REcolorado as distributed by MLS GRID #1929098 Report a problem
    8/14/2025Pending sale$625,000$177/sqft
    Source: REcolorado as distributed by MLS GRID #1929098 Report a problem
    8/4/2025Listed for sale$625,000+41.1%$177/sqft
    Source: REcolorado as distributed by MLS GRID #1929098 Report a problem
    7/4/2025Listing removed$1,150
    Source: Zillow Rentals Report a problem
    5/16/2025Price change$1,150-11.2%
    Source: Zillow Rentals Report a problem
    4/14/2025Listed for rent$1,295
    Source: Zillow Rentals Report a problem
    2/25/2019Sold$443,000+168.5%$125/sqft
    Source: Public Record Report a problem
    3/26/1998Sold$165,000$47/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$4,125 +144.2%$43,860
    2023$1,689 -8.4%$43,860 +40.1%
    2022$1,843 $31,310 -4.9%
    2021-- $32,920 +78.3%
    2020$1,203 +3.1%$18,460
    2019$1,166 +65.3%$18,460 +31.1%
    2018$706 -23.6%$14,080
    2017$924 +31%$14,080 +13%
    2016$706 +6.1%$12,460
    2015$665 +5.8%$12,460 +7%
    2014$629 $11,640
    2013-- --
    2012-- $13,230
    2011$1,005 $13,230 -25%
    2010-- $17,640
    2009-- $17,640
    2008-- $17,640
    2006-- $17,640 +17.7%
    2004-- $14,990
    2003$855 +8.3%$14,990 -2.5%
    2002$790 +2.5%$15,380 +3.3%
    2001$770 $14,890

    Find assessor info on the county website

    Neighborhood: Southeast Colorado Springs

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Giberson
    • Middle: Panorama
    • High: Sierra High
    • District: Harrison 2

    Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $617,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $617,900