Selected for the Terner Labs Housing Venture Lab

1065 Magnolia Street, Colorado Springs, CO 80907

Active
Listed 89 days ago
Owner-Occupant Eligible
$725,000
Quadplex3,348 sqftListed Aug 15, 2026

A fourplex. Live in one home and rent out the other three. How it works

Live here for about

$4,271a month

We are still working out the rent on this one.

Income to qualify: about $119,000 a year

With how much down?

At 20% down ($145,000) 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 $95,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

No rent is counted for this home yet, so the cost to live here is the whole loan payment, taxes, insurance and any dues. Income to qualify uses a 43% debt-to-income limit and none of your other debts.

$36,250 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

The Best-Looking 4-Plex in Cragmor — Investment or House Hack The best-looking 4-plex in the neighborhood, with 2 of 4 units recently renovated and excellent tenants in place. This property has been carefully maintained, painted, and improved by an owner who takes pride in his properties. The seller has also successfully bought, improved, and sold another multifamily property directly across the street. Two units feature new waterproof laminate flooring and updated black-tile shower surrounds, while the other two are in solid condition. Rents have been improved, with additional upside remaining. One unit is month-to-month. On-site laundry provides additional income without collecting quarters. Due-diligence docs including rent roll, insurance info, utility history, and plumbing receipts. For Sale By Owner / Flat Fee Listing: Seller is open to creative financing, seller concessions, or mortgage rate buydown options and will assist with the transition for the first 90 days. Seller is also open to being retained as an employee or management resource to assist with showings and maintenance help. Tenants reside at this property, please call text or email seller Zach Warner @ 719-347-8844 or warner.zach.p@gmail.com

Quadplex

Property Type

1971

Year Built

Listing Date: 08/15/2026

Listed by: Mark Peters

Listing office: A+ Property

Contact: 303-517-1659

Source: REcolorado #3901521

Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.

CHOOSE YOUR UNIT

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.

CHECK OUR MATHEvery line of the monthly cost is in here. Change the price or the down payment and watch it move.

OFFER PRICE

Change your offer and watch the monthly cost move.

Purchase Price

-15%
$725,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$725,000
Your Down Payment$145,000
Financed$580,000
Estimated Monthly Payment$4,271

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.

MONTHLY BREAKDOWN

Estimate at 20% down ($145,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Current Rent
Estimated Monthly Payment (Before Rental Income)
$4,271/month
Principal + Interest
$3,477
Property Taxes
$193
Home Insurance
$601
Rental Income (3 Units)
Not yet estimated
Cost to live here
$4,271/month

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

Now run it on your paycheck.

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.

REcolorado logo

MLS# 3901521 · Listing office: A+ Property

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