# 329 S Murray Boulevard #A, B, C, D, Colorado Springs, CO 80916 > **TL;DR:** multi-family, $700,000, built 1974. Est. $3,744/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $700,000 | | Year Built | 1974 | | Lot Size | 9,618 sqft (0.22 acres) | | Property Type | Multi-Family (Quadruplex) | | Status | Active | | Days on Market | 0 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $3,540 | | Estimated Insurance | $204 | | **Total** | **$3,744** | ## Property Highlights - Built in 1974 - 0.22 acre lot ## Description ### Agent Description Well-Maintained Colorado Springs 4-Plex - Strong Rents with 7%+ Cap Rate, Updated Major Systems & Immediate Income. Excellent opportunity to acquire a well-kept 4-plex with strong existing rents, recent improvements, & one vacant unit offering immediate flexibility for a new owner. . Unlike many multifamily properties that require substantial deferred-maintenance investment after closing, this property has benefited from important capital improvements. A new roof was installed in 2026, and the furnaces & water heaters have been updated within approximately the last four years. Each unit has its own furnace & water heater, providing separation of major mechanical systems and simplifying ongoing ownership & maintenance. Each residence also includes a stackable washer/dryer, an attractive convenience for tenants. Tenants pay all utilities, helping the owner maintain more predictable operating expenses and preserve net operating income. With three units already producing income, an investor can acquire an operating asset rather than starting from scratch. The vacant fourth unit creates additional upside and flexibility, allowing the new owner to place a tenant, evaluate current market rent, make strategic improvements, or potentially occupy the unit depending on the buyer's investment strategy and financing. Conveniently located along the Murray Boulevard corridor with access to employment, shopping, transportation and major Colorado Springs thoroughfares, the property offers the combination investors look for: existing cash flow, strong rental income, tenant-paid utilities, updated major components, multiple income streams and limited immediate capital needs. All four units are currently rented with a solid history of stable tenants; next lease expires in February 2027 with one tenant potentially departing sooner. This is an appealing opportunity for experienced multifamily investors and potentially owner-occupied investors/owners. ## Location - **Address:** 329 S Murray Boulevard #A, B, C, D, Colorado Springs, CO 80916 - **County:** El Paso - **Coordinates:** 38.826009, -104.748344 - **Google Maps:** https://www.google.com/maps?q=38.826009,-104.748344 ## Virtual Tour & Media - **Video Tour:** https://www.zillow.com/view-imx/d1240d54-82fc-4481-82a3-3572e92b52ec?wl=true&setAttribution=mls&initialViewType=pano ## Listing Agent - **Name:** Kerri Kilgore CRS MRP SFR SRES - **Brokerage:** Prestige Realty Group LLC - **Broker Phone:** (719) 640-7669 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/329-S-Murray-Blvd-Apt-A_Colorado-Springs_CO_80916_M17411-98016?f=listhub&s=PPARCO&m=8748635&c=propsimple) ## Photos ![329 S Murray Boulevard #A, B, C, D - Photo 1](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f1123472948r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 2](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f340361174r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 3](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f2354964853r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 4](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f1684872087r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 5](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f2814142449r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 6](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f2524281288r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 7](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f1458953392r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 8](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f297135178r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 9](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f1791599397r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 10](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f1965858918r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 11](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f189279367r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 12](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f1918308327r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 13](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f1003855824r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 14](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f3638957230r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 15](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f678781156r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 16](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f1852182059r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 17](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f2006096704r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 18](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f1300761191r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 19](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f2094298474r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 20](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f371735085r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 21](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f745832760r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 22](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f1297877299r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 23](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f1500011279r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 24](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f920753839r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 25](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f4040157788r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 26](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f1600470153r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 27](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f3437570217r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 28](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f4173855607r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 29](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f1106615513r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 30](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f3259765126r.jpg) ![329 S Murray Boulevard #A, B, C, D - Photo 31](http://lh.rdcpix.com/cfd89df17d7202b5814f8b531478208fl-f1791665097r.jpg) --- **MLS#:** 8748635 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 elevateMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/329-s-murray-boulevard-colorado-springs-co-80916-e576af90d99e474280152c575e4cbdf8) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/329-s-murray-boulevard-colorado-springs-co-80916-e576af90d99e474280152c575e4cbdf8#listing", "url": "https://www.propertysimple.ai/listing/329-s-murray-boulevard-colorado-springs-co-80916-e576af90d99e474280152c575e4cbdf8", "name": "329 S Murray Boulevard #A, B, C, D, Colorado Springs, CO 80916", "description": "Well-Maintained Colorado Springs 4-Plex - Strong Rents with 7%+ Cap Rate, Updated Major Systems & Immediate Income. Excellent opportunity to acquire a well-kept 4-plex with strong existing rents, recent improvements, & one vacant unit offering immediate flexibility for a new owner. . Unlike many multifamily properties that require substantial deferred-maintenance investment after closing, this property has benefited from important capital improvements. A new roof was installed in 2026, and the furnaces & water heaters have been updated within approximately the last four years. Each unit has its own furnace & water heater, providing separation of major mechanical systems and simplifying ongoing ownership & maintenance. Each residence also includes a stackable washer/dryer, an attractive convenience for tenants. Tenants pay all utilities, helping the owner maintain more predictable operating expenses and preserve net operating income. With three units already producing income, an investor can acquire an operating asset rather than starting from scratch. The vacant fourth unit creates additional upside and flexibility, allowing the new owner to place a tenant, evaluate current market rent, make strategic improvements, or potentially occupy the unit depending on the buyer's investment strategy and financing. Conveniently located along the Murray Boulevard corridor with access to employment, shopping, transportation and major Colorado Springs thoroughfares, the property offers the combination investors look for: existing cash flow, strong rental income, tenant-paid utilities, updated major components, multiple income streams and limited immediate capital needs. All four units are currently rented with a solid history of stable tenants; next lease expires in February 2027 with one tenant potentially departing sooner. 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