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Land with Home for Sale in Cascade, Colorado

8220 W US Highway 24, Cascade, CO 80809

$815,000
2 acres
Active sale
ago
Est $4,390/mo

Rare Ute Pass income play on 2 usable acres between Woodland Park and Colorado Springs - a fully-occupied 1955 fourplex with a 5+ year near-zero-vacancy track record and real capital already in the ground: upgraded electrical, all-new windows, and two turnkey-remodeled units (new kitchens, LVP flooring, paint, and appliances). Four 2-bed/1-bath units (~689 sf) with gas heat, gas ranges, refrigerators, and in-unit washer hookups; shared dryer, bear-proof trash, and a utility shed on the grounds. Lean operating profile - tenants cover electric, gas, and water; owner carries trash only. Unincorporated El Paso County has no short-term-rental permit requirement (buyer to verify) - pair that with two already-renovated units, a private drive, abundant parking, mountain views, and national-forest access, and the property reads as a compelling STR / mid-term-rental conversion or owner-occupant house-hack (FHA/VA financing possible on a 2-4 unit). Three of four units month-to-month by August leave clear mark-to-market and pet-premium upside. Financials, rent roll, and a short-term-rental analysis available to qualified buyers.

2,754
Sq feet
8
Beds
1955
Built

Location

Street address
8220 W US Highway 24
Zip code
80809
Community
Guier
School district
Manitou Springs 14
Elevation
7,847 feet
Coordinates
38.9097, -104.9695

Directions

From the stoplight in Cascade, go northwest on US Highway 24 for 0.9 mile; turn right into the property, then right up the driveway - property is at the top on the left.

Property details

Acreage
2 acres
Zoning
R-T
MLS #
REcolorado 6707316
Posted

Property taxes

2025
$2,706

Parcels

  • 83232-00-042

Legal description

Details and features

Listing

Type
Residential Income
Subtype
Quadruplex
Ownership
Corporation/Trust
Terms
Cash, Conventional, FHA, VA Loan
Exclusions
Tenant Personal Property.
Possession
Closing/DOD

Income

Gross Income
$71, 040
Operating Expense
$28, 327

Lot

View
Mountain(s)
Features
Foothills

Exterior

Parking Spaces
8
Parking
Unpaved
Fencing
None
Outdoor Spaces
Covered, Front Porch
Features
Balcony

Structure

Condition
Updated/Remodeled
Levels
One
Water
Public
Sewer
Septic Tank
Heating
Natural Gas, Wall Furnace
Cooling
Attic Fan
Materials
Frame, Wood Siding

Interior

Flooring
Vinyl
Appliances
Range, Refrigerator
Laundry
Common Area

Property utilities

CategoryTypeStatus
PowerGridConnected
GasNatural GasConnected
WaterPublicAvailable
SewageSeptic SystemConnected

Nearby schools

NameTypeDistrict
Manitou SpringsElementaryManitou Springs 14
Manitou SpringsMiddleManitou Springs 14
Manitou SpringsHighManitou Springs 14

Listing history

DateEventPriceChangeSource
July 17, 2026New listing$815,000PPAR
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This 2-acre property is located at 8220 W US Highway 24 in Cascade, CO 80809. The property is available for sale, priced at $815,000. It has a 2,754 square foot 8-bedroom house built in 1955.

Checked 2 hours agoUpdated

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REcolorado

Based on information submitted to the MLS GRID as of July 21, 2026 1:00 am MT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. View more

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