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Explore Similar Apartments Within 10 Miles of Penrose, CO

  • /15

    $360,000

    • 1,617 Sq Ft

    735 S 9th St, Cañon City, CO 81212

    Attention Investors! This property offers office space and apartment living. Conveniently located off 9th Street, it boasts a large lot and dedicated business office with 3 separate spaces. The main area is equipped with a restroom. This property also features a 1-bedroom, 1-bathroom apartment complete with a combined kitchen and living room area, complemented by a cozy loft space. Ample outdoor

    Agent Photo

    Chris Montoya

    Keller Williams Performance Realty

    (719) 781-7956

    735 S 9th St, Cañon City, CO 81212
  • /45

    $671,000

    610 N Orchard Ave Unit A-D, Cañon City, CO 81212

    Live Free in Canon City! Turnkey Fourplex – Ideal for House Hackers. Welcome to this beautifully maintained and income-producing fourplex in the heart of Canon City — perfect for the savvy house hacker looking to live affordably and build wealth. This rare opportunity features: 4 spacious 2-bed, 1-bath units (approx. 1,000 sq ft each); Recent upgrades with newer furnaces, a 2024 roof, and updated

    Carla Braddy Real Broker, LLC

    610 N Orchard Ave Unit A-D, Cañon City, CO 81212
  • /43

    $676,000

    610 N Orchard Ave Unit A-D, Cañon City, CO 81212

    Looking to add a hassle-free, cash-flowing property to your portfolio? This beautifully updated 4-plex is the perfect investment for the savvy buyer who is seeking a steady passive income with zero renovation headaches. With over one thousand square feet of living space in these 2BDR, 1BA apartments, the open floor plan and generous bedroom sizes make this a stellar rental property attracting

    Carla Braddy Real Broker, LLC

    610 N Orchard Ave Unit A-D, Cañon City, CO 81212
  • /74

    $799,999

    • 7,458 Sq Ft

    414 Main St, Cañon City, CO 81212

    You will NOT believe your eyes when you see these Luxury Downtown Lofts on the busy 400 Block of Main Street in Canon City!!! With unlimited potential, this could be the perfect Live and Work business opportunity or cash flow investment. The property includes TWO gorgeous and Ready To Go Main Street Commercial storefronts on the ground level, along with one of the Most Beautiful 3 Bed 2 Bath

    Nick Sartori Real Broker, LLC

    414 Main St, Cañon City, CO 81212
  • /16

    $418,000

    910 Allison Ave Unit A & B, Cañon City, CO 81212

    Very attractive 3 bedroom/ 2 bathroom Duplex with Tri-level plan in quiet North Canon tree shaded location. Very large detached garage with alley access that might have possibilities as an accessory dwelling. The main level has a kitchen and living room with bamboo flooring. The upper level has two bedrooms. The garden level has a family room, a bedroom, a utility room, and 1/2 bathroom. Both

    Randy Brady BRADY REALTY

    910 Allison Ave Unit A & B, Cañon City, CO 81212
  • /25

    $299,900

    115 Gumaer Ave, Florence, CO 81226

    Imagine owning not one, but two homes on a single lot, with the potential to generate significant rental income or live in one and rent out the other. This incredible property features a charming 3 bedroom, 1 bath primary home and a cozy 1 bedroom, 1 bath accessory dwelling unit (ADU), both with long-term renters who have a solid history of paying their rent on time.Located in a prime

    Kim Martin PROFICIENT PROPERTY MANAGEMENT SERV

    115 Gumaer Ave, Florence, CO 81226
  • /32

    $425,000

    305 W 2nd St, Florence, CO 81226

    Own a piece of history with this fully updated four-plex in a beautifully maintained Victorian home. Each unit, with separate entry, blends timeless architectural details with newer flooring and custom tile work throughout. These modern updates attract quality tenants and minimize upkeep. With strong rental history, separately metered gas and electricity, plus significant curb appeal, this

    Wayne Jennings Bhhs Rocky Mountain Florence

    305 W 2nd St, Florence, CO 81226
  • /25

    $355,000 Open House 8/01

    1118 Main St, Cañon City, CO 81212

    Successfully operated as a beauty parlor for over 40 years, this prime business location on Main Street in beautiful Canon City Colorado is prepped and ready to be your next business location. With on street parking at the front, as well as a sizable parking lot at the rear accessed via the alley, parking for employees and clients is abundant. Keep clientele cool during warm summer days with

    Daniel Ullery-Oatney Bhhs Rocky Mountain Florence

    1118 Main St, Cañon City, CO 81212
  • /5

    $1,350,531

    547 Yale Place, Cañon City, CO 81212

    Turnkey 12-Unit Multifamily Opportunity – 7% CAP Rate | 1031 Exchange ReadyThis well-maintained 12-unit apartment complex offers stable cash flow and long-term upside for discerning investors. Each of the twelve units features a spacious 2-bedroom, 1-bathroom layout, making them highly desirable for tenants and easy to lease. The property boasts a durable stucco exterior, hot water baseboard

    Tony Greer Keller Williams Performance Realty

    547 Yale Place, Cañon City, CO 81212
  • /21

    $399,000

    92 Georgia Ln Unit A & B, Cañon City, CO 81212

    Exceptional Investment Opportunity – High-Occupancy Duplex with Room to GROW! Boasting a consistent 90%+ occupancy rate, this well-maintained light and bright duplex is an ideal addition to any investor’s portfolio. Both units are currently rented with flexible and respectful tenants. Unit B is at a market competitive rental rate with the lease up at the end of 2025. Unit A is slightly

    Jennifer Vernetti EXIT Elevation Realty

    92 Georgia Ln Unit A & B, Cañon City, CO 81212
  • /13

    $635,000

    608 Del Rey Ave, Cañon City, CO 81212

    Check out this fantastic income producing property, with five units currently bringing in $5150 per month. This property has been well maintained over time, and has extra room for storage, splitting the lot, or adding other income producing options. Conveniently located between the highway, shopping and schools, this property would make a great solution for either owner occupied or fully remote

    Ashley Adrian Bell Your Neighborhood Realty Inc

    608 Del Rey Ave, Cañon City, CO 81212
  • /42

    $425,000

    621 Royal Gorge Blvd, Cañon City, CO 81212

    Discover the perfect blend of charm and income potential with this fully leased quadplex, ideally situated in the heart of historic downtown Cañon City. Each of the four 1-bedroom, 1-bath units has been thoughtfully updated interior while preserving timeless period features like exposed brick, original hardwood floors, and private sunrooms. Each unit has multiple entry and exit points for added

    Daniel Ullery-Oatney Bhhs Rocky Mountain Florence

    621 Royal Gorge Blvd, Cañon City, CO 81212
  • /10

    $389,900

    531 Yale Place, Cañon City, CO 81212

    Looking for a great investment opportunity? Check out this well-maintained duplex built in 2013! Each unit features 2 cozy bedrooms and a bathroom, making it perfect for families, roommates, or anyone looking to settle down. Plus, you’ll appreciate the convenience of off-street parking—no more circling the block for a spot!Location-wise, you can’t beat it. You’re just a hop away from the hospital

    Kim Martin PROFICIENT PROPERTY MANAGEMENT SERV

    531 Yale Place, Cañon City, CO 81212
  • /17

    $414,900

    523 N 5th St, Cañon City, CO 81212

    **Investment Opportunity: The Colorado House - Brick Duplex in Canon City**Discover a remarkable investment opportunity with "The Colorado House," a gorgeous brick duplex nestled in the vibrant heart of Canon City. Just a stone's throw from Main Street's delightful restaurants and shopping, this property combines historical charm with modern updates, making it an attractive option for savvy

    Nick Sartori Real Broker, LLC

    523 N 5th St, Cañon City, CO 81212
  • /25

    $290,000

    211 Greenwood Ave, Canon City, CO 81212

    Looking for a sweet investment opportunity? Check out this unique property that features both a cozy front home and a charming cottage, all on one lot! Perfectly set up for the savvy investor or someone wanting to live with a little extra help on the mortgage.The front home greets you with a friendly porch, making it a welcoming spot for you or your tenants. It’s accessible right off Greenwood,

    Kim Martin PROFICIENT PROPERTY MANAGEMENT SERV

    211 Greenwood Ave, Canon City, CO 81212
  • /31

    $425,000

    1327 Natalie St Unit 1329, Canon City, CO 81212

    Welcome to your next investment opportunity! Fair Market rent is $1700/side for a monthly income of $3,400. This charming duplex in north Canon City beckons with its promise of comfortable living and lucrative returns. Each side of this duplex presents a spacious layout comprising three bedrooms and two baths, ensuring ample space for tenants to live and thrive. Convenience is key, with

    Jennifer Vernetti EXIT Elevation Realty

    1327 Natalie St Unit 1329, Canon City, CO 81212
  • /20

    $359,900

    • 4 Beds
    • 2 Baths
    • 1,904 Sq Ft

    805 Woodlawn Ave Unit A, Cañon City, CO 81212

    Wonderful Canon City Duplex with Large well-maintained Units! Are you looking for an income opportunity? This may be the place for you! Tenants in place for instant income and would love to renew their leases or live in one rent out the other. Each 952 sqft unit has 2 bedrooms 1 bath, a small patio outside the back door. Individual gas and electric. Both have newer roof mounted cooling units.

    SHERRI HOOD HomeSmart Preferred Realty

    805 Woodlawn Ave Unit A, Cañon City, CO 81212
  • /40

    $399,000

    623 N 6th St, Cañon City, CO 81212

    Discover this Fourplex in central Canon City, Colorado offeringproximity to Main Street, parks, and schools. Featuring two spacioustwo-bedroom units downstairs and two cozy one-bedroom units upstairs.One updated lower unit boasts new flooring, a remodeled bathroom, freshpaint throughout, and new kitchen tile backsplash. Tenants enjoy theconvenience of off-street parking. With its great location,

    Carla Braddy Real Broker, LLC

    623 N 6th St, Cañon City, CO 81212
  • /8

    $471,000

    1532 N 15th St, Canon City, CO 81212

    Great tri-plex with steady income. Nice setting with good views. Solid occupancy rate.

    Kurt Zerby KURT ZERBY REAL ESTATE GROUP

    1532 N 15th St, Canon City, CO 81212
  • /22

    $399,900

    304 N 15th St, Cañon City, CO 81212

    This great duplex is centrally located with great access to shopping, dining, etc. Currently occupied by owners in Unit B. Unit A is now vacant and will not be rented out by the current owners. This provides a great opportunity for a myriad of options for a buyer. Rent the other half, use the other half for a family member, whatever you do it will be your choice. Both units are in excellent

    Shane Reeves Reeves Real Estate Llc

    304 N 15th St, Cañon City, CO 81212
  • /45

    $499,311

    820 Macon Ave, Cañon City, CO 81212

    **Exceptional Multi-Family Investment Opportunity in Canon City** Presenting a One of a Kind Four-Plex Investment Opportunity in the Heart of Canon City, this beautifully constructed brick Victorian property is just one block from Main Street, making it a prime location for both long-term and short-term rentals. This charming building features four well maintained and updated one-bedroom units,

    Nick Sartori Real Broker, LLC

    820 Macon Ave, Cañon City, CO 81212
  • /33

    $499,999

    • 6 Beds
    • 4 Baths
    • 2,888 Sq Ft

    1002 Ussie Ave, Cañon City, CO 81212

    Live in One Side, Rent out the Other. This duplex opportunity just keeps getting better. This May, the property is getting some major upgrades. BRAND NEW Class 4 impacted rated roof- built to withstand 2-inch steel balls dropped from 20 feet and winds up to 160mph. Two new evaporated coolers, and two new water heaters already in place. So welcome to this turnkey investment opportunity with

    Jo Byrne The Cutting Edge

    1002 Ussie Ave, Cañon City, CO 81212
  • /60

    $390,000

    • 836 Sq Ft

    465 S Union St, Florence, CO 81226

    Live in one unit as manager...rent the others! The Industrial Hotel is a very special property, receiving national attention for its innovation and sustainability. Successful AirBnB with a 4.88 star rating. Each of the 3 units is carefully designed to include all the amenities and modern conveniences you would expect with upcycled materials from across the region. One of the units has living

    Wayne Jennings Bhhs Rocky Mountain Florence

    465 S Union St, Florence, CO 81226
  • /26

    $359,900

    • 4 Beds
    • 2 Baths
    • 1,904 Sq Ft

    805 Woodlawn Ave, Cañon City, CO 81212

    This Duplex is conveniently located in Canon City CO! Each well-maintained unit is 952 sqft 2 bedrooms, 1 bath. (1904 total) Units are currently rented for instant income! Excellent Location. Each unit has washer/dryer hookup, a newer roof mounted cooler, small patio, and a separate driveway. Close to parks, shopping, and medical facilities.

    SHERRI HOOD HomeSmart Preferred Realty

    805 Woodlawn Ave, Cañon City, CO 81212
  • /19

    $359,900

    805 Woodlawn Ave Unit A & B, Cañon City, CO 81212

    DUPLEX! Investment Opportunity in Canon City Colorado. Duplex with Large well-maintained Units! New Roof May 2025! Are you looking for income opportunity? Maybe live in one while you rent the other? This may be the place for you! Tenants are in place for instant income and would love to stay. Each 952 sqft unit has 2 bedrooms 1 bath, a small patio outside the back door. Individual gas and

    SHERRI HOOD Homesmart Preferred Realty

    805 Woodlawn Ave Unit A & B, Cañon City, CO 81212
  • /8

    $471,000

    • 2,375 Sq Ft

    1532 N 15th St, Canon City, CO 81212

    Great tri-plex with steady income. Needs some TLC but is a cash producer. One unit intentionally left vacant for showings while listed. Rent being raised on #4. Owner will carry financing with 15% down.

    Kurt Zerby KURT ZERBY REAL ESTATE GROUP

    1532 N 15th St, Canon City, CO 81212
  • /31

    $440,000

    • 2,404 Sq Ft

    1327 Natalie St Unit 1329, Canon City, CO 81212

    Welcome to your next investment opportunity! This charming duplex in north Canon City beckons with its promise of comfortable living and lucrative returns. Each side of this duplex presents a spacious layout comprising three bedrooms and two baths, ensuring ample space for tenants to live and thrive. Convenience is key, with washer/dryer hook-ups in each unit, eliminating the hassle of laundromat

    Jennifer Vernetti EXIT Elevation Realty

    1327 Natalie St Unit 1329, Canon City, CO 81212
  • /5

    $700,000

    • 4 Beds
    • 5 Baths
    • 8,200 Sq Ft

    708 Royal Gorge Blvd, Cañon City, CO 81212

    Multi use commercial/apartment building on State Highway 50 frontage. Currently main level is a 4520 Sqft commercial rental space, 2nd level houses 5 residential apartments ( large 2 bedroom, 1 bath unit and four 1 bedroom, 1 bath units) 14 space paved parking lot included as well as a 1 car garage bay and alley access. Outside entrance staircase to upstairs apartments and central laundry

    Lance Tomar Frontier West Realty

    708 Royal Gorge Blvd, Cañon City, CO 81212
  • /2

    $375,000

    1528 Elm Ave, Cañon City, CO 81212

    A set of 5 studio apartments in the Lincoln Park Area. Nice brick veneer fronts and plenty of parking. Walking distance to a deli, fitness center, and a liquor store. Good rental history.

    Kurt Zerby KURT ZERBY REAL ESTATE GROUP

    1528 Elm Ave, Cañon City, CO 81212

Why Live in Penrose

Penrose, CO, is a rural community situated between Pueblo and Colorado Springs, offering residents a semi-arid landscape with juniper woodlands, hot springs, and proximity to the Arkansas River. The area is known for its spacious acreage, with many properties featuring traditional farmhouses and ranch-style homes on lots ranging from 3 to 40 acres, allowing for agricultural activities such as growing hay and raising livestock. Founded during the gold rush, Penrose provides a quiet environment with stunning views and a moderate heat risk, with summer temperatures reaching the low-to-mid 90s. The community is prone to wildfires, which have a moderate chance of affecting properties over the next 30 years. Penrose features several outdoor attractions, including the Dakota Hot Springs, Brush Hollow Reservoir, and Florence River Park, which offer opportunities for camping, fishing, paddleboarding, and kayaking. The Penrose Park & Recreation District serves as the main green space, hosting events like the Apple Day Festival. Although Penrose has limited commercial areas, Broadway offers local establishments such as Coyote's Coffee Den and Penrose Pizzeria & Pub, along with the Neighborhood Market for groceries. For additional shopping and dining options, Florence is located about 6 miles southwest. The Fremont County Transit system provides on-demand transportation, with Pueblo approximately 30 miles east and Colorado Springs about 35 miles north. Pueblo Memorial Airport and Colorado Springs Airport offer flights to various destinations, including international flights starting in June 2025.

Home Trends in Penrose, CO

Housing Trends

Median Sale Price
$398,250
Median Single Family Sale Price
$431,500
Average Price Per Sq Ft
$251
Number of Homes for Sale
50
Last 12 months Home Sales
110
Months of Supply
5.50
Median List Price
$450,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
11%
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