About $841 a month to live here, after the rent from the other homes.
A fourplex. Live in one home and rent out the other three. How it works
Live here for about
The other homes rent for $3,693. We hold back $665 of that for repairs and an empty month, and the rest goes toward a $3,869 monthly payment.
Income to qualify: about $75,000 a year
With how much down?
At 20% down ($127,000) and 6.0%, 30-year fixed. Your rate and down payment change this.
Get rich slow: keep this loan ten years and the payments pay off about $83,000 of it. See the ten-year math
The cost to live here is the loan payment, taxes, insurance and any dues, less the rent, with a little held back for repairs and an empty month. Income to qualify uses a 43% debt-to-income limit, counts 75% of the rent, and none of your other debts.
$31,750 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own
Located in the highly desirable Cimarron Hills area, 1447 Nokomis Drive presents an exceptional multifamily investment opportunity in the heart of Colorado Springs. This well-maintained fourplex offers a total of 3,106 square feet. It features four spacious units, each designed with two bedrooms and one full bathroom, totaling 8 bedrooms and 4 bathrooms throughout the property. Built in 1972, the asset has been thoughtfully cared for and provides a strong combination of functionality, comfort, and long-term investment potential. Conveniently situated just off the Powers corridor, the property offers quick access to major employers, shopping centers, restaurants, schools, and everyday amenities. Each unit benefits from ample natural light and practical floor plans, while the upper-level units enjoy beautiful mountain views and inviting sitting areas near the front entrance. Parking is abundant, with eight total parking spaces located at the rear of the property, in addition to convenient street parking in front. With its desirable location, stable rental configuration, and consistent upkeep, 1447 Nokomis Drive represents an attractive opportunity for investors seeking dependable income potential in a strong Colorado Springs rental market.
Quadplex
Property Type
11,252 sqft
Lot Size
1972
Year Built
Listing Date: 05/23/2026
Listed by: Lee Wagner
Listing office: Cushman & Wakefield
Contact: 417-459-2155
Source: REcolorado #6212298
Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.
Tap the one you would live in. The rest pay rent, and that rent comes off your monthly cost.
If someone lives in the unit you want, or a lease comes with the home, ask how moving in works on this one.
Change your offer and watch the monthly cost move.
Purchase Price
List Price
How much do you want to put down?
Before rent: principal and interest at 6.0% on a 30-year fixed loan, taxes, insurance and any HOA dues. Your rate and down payment change this.
Estimate at 20% down ($127,000) and 6.0%, 30-year fixed. Your rate and down payment change this.
From the listing description.
Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.
BEFORE YOU OFFER
This page is priced at one down payment and one rate. Send the address and we run it at yours: what you would pay each month after rent, and which loan works on this home.
Free. No credit pull.
MLS# 6212298 · Listing office: Cushman & Wakefield
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