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Back 1820 Monterey Rd
Off Market

1820 Monterey Rd

Colorado Springs CO 80910

8
8
8
4006 sq. ft.
0.25 ac.
Other
Last sold for $625,000
Nic PolaskiNic Polaski, last sold this property on 27 March 2026 after 51 days on market.

Overview

Cushman & Wakefield is pleased to present 1820 Monterey Rd, a well-located multifamily investment opportunity in Southeast Colorado Springs. The property sits within an established residential neighborhood with convenient access to major thoroughfares like S Academy and I-25. 1820 Monterey Rd is located nearby employment such as Amazon Distribution & Innovation Park, and convenient access to retail & groceries, making it attractive to long-term renters. The asset is comprised of townhome-style units featuring both front and rear entrances, offering added privacy and functionality. Each unit includes a desirable 2-bedroom, 1.5-bath layout, and gas and electric utilities are individually metered, allowing ownership to minimize operating expenses and efficiently manage utility costs. The property has maintained solid occupancy and presents a clear value-add opportunity through rent growth to market levels and value add implementation. Additional features such as off-street parking and recent exterior improvements further enhance tenant convenience and overall property appeal, positioning 1820 Monterey Rd as a stable asset with long-term upside. Please call or text 417-459-2155 with any questions or inquiries.

Features

8 bedrooms
8 bathrooms
8 carspaces
8 garage spaces
4006 sq. ft. floor area
0.25 ac. lot size
Other

Estimated Value

Based on this property and similar 8 bedroom other properties sold in Colorado Springs over the last 12 months, the estimated median property value of 1820 Monterey Rd is $622.5k.

Median value
$622.5k
Estimated value range
$535k - $640k
Median days on market
130
Estimated value trend
5%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Colorado Springs. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1820 Monterey Rd

2026
Sold
$625,000
27 Mar 2026 by Nic Polaski, of Cushman & Wakefield
2020
Sold
$560,000
02 Dec 2020
2019
Sold
$430,000
26 Jun 2019

Happy sellers in Colorado Springs

90%
90% of sellers in Colorado Springs reported that their sale price either exceeded or met their price expectations.

Colorado Springs stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Colorado Springs over the last 12 months.

Local market activity for 8 bedroom other properties in Colorado Springs

In the last 12 months, 3 eight-bedroom other properties similar to 1820 Monterey Rd, have been sold.

This represents a 300% decrease in eight-bedroom other properties sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Colorado Springs

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Monica Breckenridge

Monica Breckenridge is an award winning recommended agent for Colorado Springs.  They have 7 local sales and collected 5 local reviews across the last 12 months.

  •   4.9   (225 reviews)
  •  5 Reviews in Colorado Springs
  •  7 Sales in Colorado Springs
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Monica Shea

Sellers who recommend Monica Shea have praised them for being local expert, clear communication, responsive, supportive, trustworthy, detail-oriented, and reliable

  •   5   (250 reviews)
  •  2 Reviews in Colorado Springs
  •  2 Sales in Colorado Springs
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Lauren Jerden

Sellers who recommend Lauren Jerden have praised them for being local expert and clear communication

  •   5   (37 reviews)
  •  1 Review in Colorado Springs
  •  2 Sales in Colorado Springs
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Lane Morrell

Sellers who recommend Lane Morrell have praised them for being clear communication, local expert, dedicated, great negotiation, patient, resourceful, and responsive

  •   5   (42 reviews)
  •  1 Review in Colorado Springs
  •  1 Sale in Colorado Springs
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