Sold
Last Sold Price
10 beds4 baths3,676 sqft
6450 Chippewa Rd, Colorado Springs, CO 80915
Multi FamilyProperty Type
0.23 acresLot Size
1972Year Built
$179/sq ftPrice per sq ft
6 carsParking Spaces

Description

Don't miss this one with beautiful Pikes Peak views! This is a chance to own a 4-plex that performs better than most in this price range. With two 3-bedroom units in the unit mix, rents are higher than most other 4-plexes on the market and are a value-add for the savvy investor, making a better cap rate more likely! Units have been upgraded to include newer carpet, newer paint, and updated kitchens and baths. Vinyl windows add to the comfort of tenants. Xeriscaping means low water bills and landscape...Don't miss this one with beautiful Pikes Peak views! This is a chance to own a 4-plex that performs better than most in this price range. With two 3-bedroom units in the unit mix, rents are higher than most other 4-plexes on the market and are a value-add for the savvy investor, making a better cap rate more likely! Units have been upgraded to include newer carpet, newer paint, and updated kitchens and baths. Vinyl windows add to the comfort of tenants. Xeriscaping means low water bills and landscape care. Conveniently located to shopping, restaurants, and hospitals along the Powers corridor, residents enjoy ease of living in an area that is conducive to access.
  • Listed by: Mary Reid 719.510.4632 paereid@comcast.net • Reid Realty, Inc
Listing closed: 05/31/2024 12:00 AM • Source: Pikes Peak REALTOR Services (elevatedMLS) as distributed by MLS GRID, MLS#: 7782924

Recent comparable sales

Median sold price

$640,500

Avg days on market

46

Sale-to-list ratio

95.3%

Colorado Springs, CO

9 comparable properties found

$660,000 | 318 Bonnie Court, Colorado Springs, CO 80916
1/51
1

$660,000

Sold 07/10/26

10
Bedrooms
4
Bathrooms
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Square Feet
0.24
Acres
$660,000 | 345 Vehr Drive, Colorado Springs, CO 80916
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2

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Sold 12/02/25

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Bathrooms
3,704
Square Feet
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Acres
$575,000 | 4320 Airport Road, Colorado Springs, CO 80916
1/22
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Sold 06/30/25

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Bathrooms
3,707
Square Feet
0.23
Acres
$685,000 | 2625 King Street, Colorado Springs, CO 80904
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Sold 06/24/26

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Square Feet
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Acres
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Sold 04/24/26

10
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4
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3,908
Square Feet
0.22
Acres
a car parked in front of a house
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Sold 07/07/26

8
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Square Feet
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Sold 12/04/24

8
Bedrooms
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Bathrooms
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Square Feet
0.26
Acres
$550,000 | 5560 Bowden Loop, Colorado Springs, CO 80915
1/15
8

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Sold 09/09/26

8
Bedrooms
4
Bathrooms
2,864
Square Feet
0.16
Acres
a view of outdoor space and yard
1/36
9

$670,000

Sold 06/18/26

8
Bedrooms
4
Bathrooms
3,536
Square Feet
0.32
Acres

Location

Listing Courtesy of Reid Realty, Inc, Mary Reid

Sold By Equity Colorado Real Estate, Charlie Peace

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Property Information for 6450 Chippewa Road

Property Details
  • Taxes: $2,761 / year
  • MLS Type: Residential Income
  • Zoning: RM-30
Building Information
  • Residences: 4
  • Year Built: 1972
  • Lot Size: 0.23 AC / 10,000 SF
Summary
Location and General Information
  • Zoning Entity: El Paso County
  • Directions: From the intersection of Galley Rd. and Hathaway Dr., take Hathaway Dr. northbound to Chippewa Rd. Property is on the northwest corner of Chippewa Rd. and Hathaway Dr.
  • Latitude: 38.852349
  • Longitude: -104.706365
Taxes and HOA
  • Association Fee 2: $.00
  • Parcel Number: 5407102019
  • Tax Annual Amount: $2,761
  • Tax Year: 2023
School Information
  • High School District: Colorado Springs 11
Parking
  • Number Of Parking Spaces: 6
Property
Lot Information
  • Lot Size: 10000.0
  • Lot Size Units: Sq Ft
  • Lot Size Acres: 0.2296
  • Lot Size Square Feet: 10000.0
Property and Assessments
  • Improvements: House Faces South
  • Building Area Total: 3676.0
  • Living Area Source: Assessor Records
  • Year Built: 1972
Building Features
  • Construction Materials: Frame, Wood Siding, Concrete
  • Structure Type: Framed on Lot, Frame
Utilities
  • Has Well Permit: No
  • Sewer: Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Municipal
Interior and Exterior Features
Exterior Features
  • Siding: Masonite Type
  • Community Features: Community Laundry
  • Fencing: None
  • Roof: Composite Shingle
Interior Features
  • Appliances: Dishwasher, Disposal, Kitchen Vent Fan, Oven, Range, Refrigerator
  • Basement: Garden Level
  • Cooling: Ceiling Fan(s), Wall Unit(s)
  • Fireplace Features: None
  • Flooring: Carpet, Tile
  • Heating: Hot Water, Natural Gas
  • Laundry Features: Common
  • Window Features: Vinyl
Multi Family
Multi Family Information
  • Unit Count: 4
  • Unit Total Baths: 4
  • Unit Total Beds: 10
  • Unit Total Occupied: 3
  • Unit Total Sqft: 3676
  • Number Of Units Total: 4
Income & Expenses
  • Gross Rental Multiplier: 127
Rental
Rent Information
  • Other Rentable Space: Storage units for each unit in the laundry could be charged a fee.
  • Owner Pays: Gas, Other, Sewer, Trash, Water, See Show/Agent Remarks
  • Total Actual Rent: $5,300.00

Property History for 6450 Chippewa Road

DateEvent & SourcePriceAppreciation
May 31, 2024

Sold

RECOLORADO #9400756

$657,000
May 31, 2024

Sold

IRES #9400756

$657,000
May 30, 2024

Sold

Pikes Peak REALTOR Services (elevatedMLS) #7782924

$657,000
DateEvent & SourcePrice
05/31/2024

Sold

RECOLORADO #9400756

$657,000
05/31/2024

Sold

IRES #9400756

$657,000
05/30/2024

Sold

Pikes Peak REALTOR Services (elevatedMLS) #7782924

$657,000

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

Public Records for 6450 Chippewa Road

Taxable ValueLand-Additions-Total-
Tax Record2025$3,112 ($259 / month)
Home Facts
Total Finished SqFt3,676 SqFtAbove Grade Finished SqFt3,676 SqFtStories2Lot Size10,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1972Year Renovated1978ZoningRM-30 CAD-CountyEL PASOAPN54071-02-019

Schools near 6450 Chippewa 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 - K to 12
Rating
School
Distance
McAuliffe Elementary School
PublicPK to 5

Jack Swigert Aerospace Academy
Public6 to 8

Mitchell High School
Public9 to 12

Thomas MacLaren State Charter School
CharterK 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 Reid Realty, Inc, Mary Reid

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.