Selected for the Terner Labs Housing Venture Lab

111 Crystal Park Road, Manitou Springs, CO 80829

Active
Listed 61 days ago
Owner-Occupant Eligible
$1,095,000

About $2,261 a month to live here, after the rent from the other homes.

Quadplex3,344 sqft7 beds5 bathsListed Sep 12, 2026

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

Live here for about

$2,261a month

The other homes rent for $4,985. We hold back $972 of that for repairs and an empty month, and the rest goes toward a $6,274 monthly payment.

Income to qualify: about $130,000 a year

With how much down?

At 20% down ($219,000) 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 $143,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

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.

$54,750 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

**Rare opportunity to own a completely remodeled, turnkey four-plex in the heart of Manitou Springs** Cash flow from day one! This one-of-a-kind, boutique property offers FOUR fully remodeled residences PLUS a detached art studio! Each residence features a high-quality interior remodel with updated kitchens and bathrooms, new appliances, flooring, paint, lighting, and stylish finishes throughout. Situated on a beautiful almost half-acre lot with tons of parking and room for an RV! Major capital improvements are already complete, including a newer roof, custom gutters, concrete work, exterior paint, new doors and windows, refurbished furnaces, electrical and plumbing work, plus two brand-new 50-gallon water heaters. This is a highly sought-after, supply-constrained market, making it a great addition to an investment portfolio, 1031 exchange property, or for an owner-occupant who wants to live in one while collecting rent from the other three.*House Hack* Park an RV on the back of the land and collect the rents from all 4 units! Manitou Springs is a highly sought-after tourist destination with a prominent arts scene, creative character, active lifestyle, and year-round events! Located within walking distance of restaurants, the Cantina, art galleries, shopping, community events, and hiking trails. Views of the Manitou Incline, Garden of the Gods, and Pikes Peak. Great opportunity to own a one-of-a-kind, income-producing property in Manitou Springs! Also a possible short-term rental opportunity, with potential expansion of the art studio into a fifth unit. Please check with the city/county for more information.

Quadplex

Property Type

17,424 sqft

Lot Size

1957

Year Built

Listing Date: 09/12/2026

Listed by: Sarah St. James

Listing office: Real Estate Teams

Contact: 720-544-9129

Source: REcolorado #5865099

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%
$1,095,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$1,095,000
Your Down Payment$219,000
Financed$876,000
Estimated Monthly Payment$6,274

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 ($219,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$6,274/month
Principal + Interest
$5,252
Property Taxes
$367
Home Insurance
$655
Rental Income (3 Units)
$4,985/month

From the listing description.

Rental Expenses
-$972
Cost to live here
$2,261/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.

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MLS# 5865099 · Listing office: Real Estate Teams

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