Sold
Last Sold Price
8 beds4 baths2,808 sqft$255/sqft
4230 Forrest Hill Rd, Colorado Springs, CO 80907
Multi FamilyProperty Type
8,025 sq ftLot Size
1970Year Built
$255/sq ftPrice per sq ft
7 carsParking Spaces

Description

Don't miss out on this incredible investment opportunity in the highly sought-after west-side neighborhood of Holland Park. This cute and updated 4-plex income property is now available for sale. Three out of the four units are rented, making it a turnkey investment. This cute and updated 4-plex offers a total of 2,808 square feet and was built in 1970, ensuring solid construction and lasting quality. Your tenants will appreciate the ample parking space both in the back and on the street. Clear assigned...Don't miss out on this incredible investment opportunity in the highly sought-after west-side neighborhood of Holland Park. This cute and updated 4-plex income property is now available for sale. Three out of the four units are rented, making it a turnkey investment. This cute and updated 4-plex offers a total of 2,808 square feet and was built in 1970, ensuring solid construction and lasting quality. Your tenants will appreciate the ample parking space both in the back and on the street. Clear assigned parking placards are included, ensuring convenience for all residents. Unit Features: Each of the four units offers 2 bedrooms and 1 full bath, as well as a good-sized living room and an open kitchen. Many of the units have received updates to their kitchens and bathrooms, ensuring a modern and comfortable living experience. The property boasts vinyl windows, a newer composite shingle roof, and a near-new boiler system, saving you on maintenance costs. Ceiling fans provide added comfort, and all kitchen appliances are included, making it an attractive rental option. Tenants pay for all utilities, which simplifies the property management process. The common laundry room with a clothes washer and dryer is included with the rent but can also serve as an additional income source for the owner. This property is ideally situated on the west side, making it a highly desirable location. Residents have easy access to prominent landmarks such as Garden of the Gods, Old Colorado City, Downtown Colorado Springs, the UCCS campus, and I-25, which offers convenient travel options to both the north and south. Whether you're a seasoned investor or just starting in the real estate market, this 4-plex offers both stability and growth potential. The strong rental history and well-maintained features make it a must-see property. Contact us today to seize this amazing investment opportunity in Holland Park before it's gone!
  • Listed by: Jeanne Guischard CDPE GRI MRP SRES 719.440.2872 jeanne@coloradohomerealty.com • Colorado Home Realty
Listing closed: 03/08/2024 12:00 AM • Source: Pikes Peak REALTOR Services (elevatedMLS) as distributed by MLS GRID, MLS#: 7551461

Recent comparable sales

Median sold price

$640,500

Avg days on market

108

Sale-to-list ratio

92.1%

Colorado Springs, CO

9 comparable properties found

$765,000 | 1120 Holland Park Boulevard, Colorado Springs, CO 80907
1/6
1

$765,000

Sold 05/05/26

8
Bedrooms
4
Bathrooms
2,619
Square Feet
0.26
Acres
$650,000 | 1203 Darby Street, Colorado Springs, CO 80907
1/20
2

$650,000

Sold 07/02/25

8
Bedrooms
4
Bathrooms
3,448
Square Feet
0.26
Acres
a view of a house with a yard and large trees
1/31
3

$600,000

Sold 12/10/25

8
Bedrooms
4
Bathrooms
2,999
Square Feet
0.29
Acres
$825,900 | 6741 Dublin Loop West, Colorado Springs, CO 80918
1/30
4

$825,900

Sold 12/24/25

8
Bedrooms
4
Bathrooms
3,200
Square Feet
0.10
Acres
$640,000 | 3960 Stonedike Drive, Colorado Springs, CO 80907
1/27
5

$640,000

Sold 12/16/25

8
Bedrooms
4
Bathrooms
3,400
Square Feet
0.21
Acres
a backyard of a house with lots of green space and lake view
1/2
6

$773,000

Sold 02/14/25

8
Bedrooms
4
Bathrooms
3,863
Square Feet
0.30
Acres
$640,000 | 2028 Friendship Place, Colorado Springs, CO 80904
1/27
7

$640,000

Sold 05/20/26

8
Bedrooms
4
Bathrooms
3,630
Square Feet
0.18
Acres
8

$640,500

Sold 12/04/24

8
Bedrooms
4
Bathrooms
3,000
Square Feet
0.26
Acres
$640,000 | 1137 Mazatlan Circle, Colorado Springs, CO 80910
1/5
9

$640,000

Sold 09/27/24

8
Bedrooms
4
Bathrooms
3,077
Square Feet
0.21
Acres

Location

Listing Courtesy of Colorado Home Realty, Jeanne Guischard CDPE GRI MRP SRES

Sold By Fathom Realty Colorado LLC, Max Ferguson

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Principal and Interest

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Property Taxes

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Property Information for 4230 Forrest Hill Road

Property Details
  • Taxes: $1,888 / year
  • MLS Type: Residential Income
  • Zoning: R4
Building Information
  • Residences: 4
  • Year Built: 1970
  • Lot Size: 0.18 AC / 8,025 SF
Summary
Location and General Information
  • Directions: Garden of the Gods West to Forrest Hill South follow down and around to property on the right.
  • Latitude: 38.894466
  • Longitude: -104.844574
Taxes and HOA
  • Association Fee 2: $.00
  • Parcel Number: 7325208022
  • Tax Annual Amount: $1,888
  • Tax Year: 2022
School Information
  • High School District: Colorado Springs 11
Parking
  • Number Of Parking Spaces: 7
Property
Lot Information
  • Lot Size: 8025.0
  • Lot Size Units: Sq Ft
  • Lot Size Acres: 0.1842
  • Lot Size Square Feet: 8025.0
Property and Assessments
  • Building Area Total: 2808.0
  • Living Area Source: Assessor Records
  • Year Built: 1970
Building Features
  • Construction Materials: Brick, Wood Siding
  • Structure Type: Frame
Utilities
  • Has Well Permit: No
  • Sewer: Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas
  • Water Source: Municipal
Interior and Exterior Features
Exterior Features
  • Siding: Brick, Masonite Type, Wood
  • Community Features: Community Laundry
  • Fencing: None
  • Patio And Porch Features: Deck
  • Roof: Composite Shingle
Interior Features
  • Additional Items: exterior storage closet for each unit, 7 dedicated parking spots, all appliances in each unit, common laundry room, new boiler system, 3 of the 4 units have had recent remodeling.
  • Appliances: Dishwasher, Disposal, Microwave Oven, Oven, Refrigerator
  • Basement: Garden Level
  • Cooling: Ceiling Fan(s), Wall Unit(s)
  • Fireplace Features: None
  • Flooring: Carpet, Laminate
  • Heating: Hot Water, Natural Gas, Radiant
  • Laundry Features: Common
  • Window Features: Vinyl
Multi Family
Multi Family Information
  • Unit Count: 4
  • Unit Total Baths: 4
  • Unit Total Beds: 8
  • Unit Total Occupied: 3
  • Unit Total Sqft: 2808
  • Number Of Units Total: 4
Income & Expenses
  • Gross Rental Multiplier: 153
  • Gross Income: 5050
Rental
Rent Information
  • Other Rentable Space: Laundry room - currently included with rent
  • Owner Pays: Other, See Show/Agent Remarks
  • Total Actual Rent: $5,050.00

Property History for 4230 Forrest Hill Road

DateEvent & SourcePriceAppreciation
Mar 8, 2024

Sold (Public Record)

Public Record #1528362661

$715,000
Mar 8, 2024

Sold

RECOLORADO #8426922

$715,000
Mar 8, 2024

Sold

IRES #8426922

$715,000
DateEvent & SourcePrice
03/08/2024

Sold (Public Record)

Public Record #1528362661

$715,000
03/08/2024

Sold

RECOLORADO #8426922

$715,000
03/08/2024

Sold

IRES #8426922

$715,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 4230 Forrest Hill Road

Taxable ValueLand$5,260Additions$42,480Total$47,740
Tax Record2025$2,391 ($199 / month)
Home Facts
Total Finished SqFt2,808 SqFtAbove Grade Finished SqFt2,808 SqFtStories2Lot Size8,025 SqFtStyleMulti-Family Dwelling (2-4)Year Built1970ZoningR4CountyEL PASOAPN7325208022

Schools near 4230 Forrest Hill Road

This home is within Colorado Springs 11 School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Jackson Elementary School
PublicPK to 5

Holmes Middle School
Public6 to 8

Coronado High School
Public9 to 12

CIVA Charter High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Colorado Home Realty, Jeanne Guischard CDPE GRI MRP SRES

Based on information from one of the following Multiple Listing Services: REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.