Real Estate Investment Properties for Sale in Penrose, CO

Looking for investment property in Penrose, CO with high ROI ?

Explore a variety of short-term homes & houses in Penrose, CO. Invest wisely with VRBO & Penrose, CO Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Penrose, CO

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1559 9th Street Penrose, CO REAL country living only 20 minutes from Pueblo! Discover this unique 3-bedroom, 2-bath A-...	3 beds \| 2 baths \| 1,911 sq.ft.	$455,000	Airbnb cash on cash: 0.44% Traditional cash on cash: 4.37% Airbnb Rental Income: $1233 Traditional Rental Income: $2514 Airbnb ROI: 0.44% Traditional ROI: 4.37%
770 Cedar Hills Road Penrose, CO Calling all hobby farmers, outdoor enthusiasts, homesteaders or anyone seeking privacy wit...	4 beds \| 3 baths \| 2,290 sq.ft.	$674,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.84% Airbnb Rental Income: $null Traditional Rental Income: $3345 Airbnb ROI: N/A Traditional ROI: 3.84%
12 Grant Street Penrose, CO Home sweet home! A perfect home that has a little bit of everything for you and yours! T...	3 beds \| 2 baths \| 1,630 sq.ft.	$385,000	Airbnb cash on cash: 0.63% Traditional cash on cash: 4.68% Airbnb Rental Income: $1233 Traditional Rental Income: $2300 Airbnb ROI: 0.63% Traditional ROI: 4.68%
505 Broadway Street Penrose, CO Cozy 3 Bedroom, 2 Bath Home with 2 car detached garage. Original built in cabinets in main...	3 beds \| 2 baths \| 912 sq.ft.	$261,000	Airbnb cash on cash: 1.68% Traditional cash on cash: 6.01% Airbnb Rental Income: $1233 Traditional Rental Income: $1905 Airbnb ROI: 1.68% Traditional ROI: 6.01%
445 G Street Penrose, CO Welcome to one of the best-designed five-acre horse properties in Penrose! Pull in through...	3 beds \| 3 baths \| 2,175 sq.ft.	$750,000	Airbnb cash on cash: -0.27% Traditional cash on cash: 3.16% Airbnb Rental Income: $1233 Traditional Rental Income: $3238 Airbnb ROI: -0.27% Traditional ROI: 3.16%
1400 K Street Penrose, CO Updated Brick Ranch on 4.7 Irrigated Acres with Horse Barn with Adjacent Irrigated Parcel ...	3 beds \| 2 baths \| 4,102 sq.ft.	$635,000	Airbnb cash on cash: 0.01% Traditional cash on cash: 2.83% Airbnb Rental Income: $1233 Traditional Rental Income: $2508 Airbnb ROI: 0.01% Traditional ROI: 2.83%
432 Red Rock Circle Penrose, CO Nestled amidst the iconic Red Rocks of Penrose, Colorado, this exceptional 5-bedroom, 4-ba...	5 beds \| 4 baths \| 3,012 sq.ft.	$975,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.65% Airbnb Rental Income: $null Traditional Rental Income: $3613 Airbnb ROI: N/A Traditional ROI: 2.65%
414 4th Street Penrose, CO SW home Holly Palk 1972, Vacant, ready to show, and will still need notice to show. Grea...	2 beds \| 1 baths \| 860 sq.ft.	$267,500	Airbnb cash on cash: 2.9% Traditional cash on cash: 5.23% Airbnb Rental Income: $1558 Traditional Rental Income: $1699 Airbnb ROI: 2.9% Traditional ROI: 5.23%
39 5th Street Penrose, CO Set on 20 picturesque acres, this 3,175 SQFT ranch home blends luxury with country charm, ...	4 beds \| 3 baths \| 3,175 sq.ft.	$799,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.01% Airbnb Rental Income: $null Traditional Rental Income: $2590 Airbnb ROI: N/A Traditional ROI: 2.01%
44 3rd Street Penrose, CO Welcome to your own slice of Southwest charm! This beautifully remodeled Santa Fe-style ra...	3 beds \| 2 baths \| 1,626 sq.ft.	$425,000	Airbnb cash on cash: 0.6% Traditional cash on cash: 3.95% Airbnb Rental Income: $1233 Traditional Rental Income: $2171 Airbnb ROI: 0.6% Traditional ROI: 3.95%
530 Illinois Street Penrose, CO Welcome to this beautifully updated 3 Bedroom 2 Bathroom home on a generous 1/2 acre lot i...	3 beds \| 2 baths \| 1,344 sq.ft.	$265,000	Airbnb cash on cash: 1.69% Traditional cash on cash: 7.41% Airbnb Rental Income: $1233 Traditional Rental Income: $2269 Airbnb ROI: 1.69% Traditional ROI: 7.41%
350 3rd Street Penrose, CO Country living in this 2 bed, 1 and 1/2 bath single wide on 1 acre in Penrose. Paved 3rd S...	2 beds \| 2 baths \| 840 sq.ft.	$125,000	Airbnb cash on cash: 7.36% Traditional cash on cash: 11.61% Airbnb Rental Income: $1558 Traditional Rental Income: $1621 Airbnb ROI: 7.36% Traditional ROI: 11.61%
106 Grant St Penrose, CO Welcome to your dream home on a corner lot! This beautifully updated residence features th...	3 beds \| 2 baths \| 1,740 sq.ft.	$375,000	Airbnb cash on cash: 0.75% Traditional cash on cash: 5.41% Airbnb Rental Income: $1233 Traditional Rental Income: $2478 Airbnb ROI: 0.75% Traditional ROI: 5.41%
1933 Top Notch Trail Penrose, CO Amazing property in Top Rail Ranch Estates! 5 bedrooms, 3 bath stucco w/ stone accents. Th...	5 beds \| 3 baths \| 4,272 sq.ft.	$755,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.08% Airbnb Rental Income: $null Traditional Rental Income: $3237 Airbnb ROI: N/A Traditional ROI: 3.08%
359 8th Avenue Penrose, CO Welcome to your new home! This stunning new build offers the perfect blend of modern ameni...	3 beds \| 2 baths \| 1,500 sq.ft.	$340,400	Airbnb cash on cash: 1.25% Traditional cash on cash: 5.76% Airbnb Rental Income: $1233 Traditional Rental Income: $2279 Airbnb ROI: 1.25% Traditional ROI: 5.76%
1381 3rd Street Penrose, CO Discover this stunning 3,396 sq ft custom-built home in the heart of Penrose, overlooking ...	4 beds \| 3 baths \| 3,396 sq.ft.	$999,999	Airbnb cash on cash: N/A Traditional cash on cash: 2.02% Airbnb Rental Income: $null Traditional Rental Income: $3191 Airbnb ROI: N/A Traditional ROI: 2.02%
988 P Street Penrose, CO Welcome home to your custom built ICF adobe style home sitting on 10 acres. Whether youâ...	4 beds \| 3 baths \| 4,633 sq.ft.	$770,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.14% Airbnb Rental Income: $null Traditional Rental Income: $3392 Airbnb ROI: N/A Traditional ROI: 3.14%
8200 County Road 132 Penrose, CO One of a kind opportunity to own 73+ acres ie two 35+parcels, one has a COZY RANCHER with ...	2 beds \| 2 baths \| 1,264 sq.ft.	$775,000	Airbnb cash on cash: 0.13% Traditional cash on cash: 1.56% Airbnb Rental Income: $1558 Traditional Rental Income: $2147 Airbnb ROI: 0.13% Traditional ROI: 1.56%
772 7th Street Penrose, CO Welcome Home! This stunning brand-new 3-bedroom, 2-bathroom home sits on 1.6 acres of bea...	3 beds \| 2 baths \| 1,760 sq.ft.	$395,000	Airbnb cash on cash: 0.96% Traditional cash on cash: 5.15% Airbnb Rental Income: $1233 Traditional Rental Income: $2389 Airbnb ROI: 0.96% Traditional ROI: 5.15%
855 Marilyn Drive Penrose, CO Looking for an amazing property? This completely remodeled custom home offers it all! 295...	4 beds \| 3 baths \| 2,952 sq.ft.	$537,500	Airbnb cash on cash: N/A Traditional cash on cash: 6% Airbnb Rental Income: $null Traditional Rental Income: $3798 Airbnb ROI: N/A Traditional ROI: 6%
3325 County Road 132 Penrose, CO Discover a rare opportunity to own 117 acres of pristine land, thoughtfully designed for r...	2 beds \| 1 baths \| 1,142 sq.ft.	$599,000	Airbnb cash on cash: 0.73% Traditional cash on cash: 2.14% Airbnb Rental Income: $1558 Traditional Rental Income: $1898 Airbnb ROI: 0.73% Traditional ROI: 2.14%
1893 County Road 127 Penrose, CO Nestled just outside the city, this wonderful 4,405 SF home offers the perfect blend of pe...	4 beds \| 4 baths \| 4,405 sq.ft.	$745,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.15% Airbnb Rental Income: $null Traditional Rental Income: $4518 Airbnb ROI: N/A Traditional ROI: 5.15%
5101 County Road 123 Penrose, CO The seller agrees to a $10,000 flooring concession! Discover the perfect blend of rural ch...	3 beds \| 2 baths \| 1,456 sq.ft.	$380,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 5.45% Airbnb Rental Income: $1233 Traditional Rental Income: $2431 Airbnb ROI: 0.99% Traditional ROI: 5.45%
770 Cedar Hills Penrose, CO Updated in 2025, this spacious 1.5-story home perfectly blends modern upgrades with countr...	4 beds \| 3 baths \| 2,290 sq.ft.	$674,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.37% Airbnb Rental Income: $null Traditional Rental Income: $3053 Airbnb ROI: N/A Traditional ROI: 3.37%
205 Illinois Street Penrose, CO Discover this beautifully renovated home in the heart of Penrose, perfect for first-time h...	3 beds \| 2 baths \| 1,216 sq.ft.	$199,000	Airbnb cash on cash: 2.69% Traditional cash on cash: 9.15% Airbnb Rental Income: $1233 Traditional Rental Income: $2060 Airbnb ROI: 2.69% Traditional ROI: 9.15%
1780 14th Street Penrose, CO Full renovation In progress, around 70% complete! Complete renovation includes new windows...	4 beds \| 2 baths \| 1,440 sq.ft.	$295,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.85% Airbnb Rental Income: $null Traditional Rental Income: $2309 Airbnb ROI: N/A Traditional ROI: 6.85%
207 Fremont Penrose, CO Prime Central Location! Welcome to this beautifully updated 4-bedroom, 3-bathroom home, pe...	4 beds \| 3 baths \| 2,383 sq.ft.	$400,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.29% Airbnb Rental Income: $null Traditional Rental Income: $2953 Airbnb ROI: N/A Traditional ROI: 6.29%
207 Fremont Street Penrose, CO Charming 4-Bedroom Home with an Efficiency Apartment & Exceptional Features â Prime Cent...	4 beds \| 3 baths \| 2,383 sq.ft.	$400,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.1% Airbnb Rental Income: $null Traditional Rental Income: $3258 Airbnb ROI: N/A Traditional ROI: 7.1%
1115 M Street Penrose, CO A truly one of kind property, that is in a class of its own. Custom sprawling rancher with...	3 beds \| 3 baths \| 2,218 sq.ft.	$1,095,000	Airbnb cash on cash: -0.43% Traditional cash on cash: 1.85% Airbnb Rental Income: $1233 Traditional Rental Income: $3157 Airbnb ROI: -0.43% Traditional ROI: 1.85%
21691 County Road 67 Penrose, CO Incredible OFF-THE-GRID mountain retreat on 40 acres with BLM land on two sides featuring ...	2 beds \| 2 baths \| 1,344 sq.ft.	$490,000	Airbnb cash on cash: 1.05% Traditional cash on cash: 2.88% Airbnb Rental Income: $1558 Traditional Rental Income: $1949 Airbnb ROI: 1.05% Traditional ROI: 2.88%
12 Grant Ave Penrose, CO Home sweet home! A perfect home that has a little bit of everything for you and yours! Thi...	3 beds \| 2 baths \| 1,630 sq.ft.	$385,000	Airbnb cash on cash: 0.63% Traditional cash on cash: 3.69% Airbnb Rental Income: $1233 Traditional Rental Income: $1944 Airbnb ROI: 0.63% Traditional ROI: 3.69%
925 2nd Street Penrose, CO Set on 15 acres, this move-in-ready property offers a rare blend of character, privacy, an...	5 beds \| 2 baths \| 2,893 sq.ft.	$565,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.6% Airbnb Rental Income: $null Traditional Rental Income: $3211 Airbnb ROI: N/A Traditional ROI: 4.6%
47 Top Rail Trail Penrose, CO Come home to this brand-new 3-Bedroom Luxury Property with expansive views. Discover this ...	3 beds \| 2 baths \| 2,812 sq.ft.	$699,900	Airbnb cash on cash: -0.01% Traditional cash on cash: 3.13% Airbnb Rental Income: $1233 Traditional Rental Income: $2889 Airbnb ROI: -0.01% Traditional ROI: 3.13%
410 5th Avenue Penrose, CO Turn-key, single level home on a corner lot! Owner just replaced the roof, added new gutte...	3 beds \| 1 baths \| 1,008 sq.ft.	$220,000	Airbnb cash on cash: 2.18% Traditional cash on cash: 7.06% Airbnb Rental Income: $1233 Traditional Rental Income: $1854 Airbnb ROI: 2.18% Traditional ROI: 7.06%

Real Estate investment in Penrose, CO

There are 34 properties for sale in the city of Penrose . The median list price in Penrose is $472,500 and the average price per square foot is $217. In September 2025, the average monthly cash on cash return in Penrose is 4.00%. The average monthly rental income in Penrose is $2,478.

Penrose, CO Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 34 investment properties available for sale in Penrose.

In 2025, the best neighborhood to buy investment property is Penrose.

The ROI for Long-Term is higher than the Short-Term in Penrose with average rental income of $2,478.

Your search for investment property begins and ends here

Investment Property for Sale in Penrose, CO

1559 9th Street

Penrose, CO

3 beds | 2 baths | 1,911 sq.ft.

$455,000

Airbnb cash on cash: 0.44%

Traditional cash on cash: 4.37%

Airbnb Rental Income: $1233

Traditional Rental Income: $2514

Airbnb ROI: 0.44%

Traditional ROI: 4.37%

770 Cedar Hills Road

Penrose, CO

4 beds | 3 baths | 2,290 sq.ft.

$674,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.84%

Airbnb Rental Income: $null

Traditional Rental Income: $3345

Airbnb ROI: N/A

Traditional ROI: 3.84%

12 Grant Street

Penrose, CO

3 beds | 2 baths | 1,630 sq.ft.

$385,000

Airbnb cash on cash: 0.63%

Traditional cash on cash: 4.68%

Airbnb Rental Income: $1233

Traditional Rental Income: $2300

Airbnb ROI: 0.63%

Traditional ROI: 4.68%

505 Broadway Street

Penrose, CO

3 beds | 2 baths | 912 sq.ft.

$261,000

Airbnb cash on cash: 1.68%

Traditional cash on cash: 6.01%

Airbnb Rental Income: $1233

Traditional Rental Income: $1905

Airbnb ROI: 1.68%

Traditional ROI: 6.01%

445 G Street

Penrose, CO

3 beds | 3 baths | 2,175 sq.ft.

$750,000

Airbnb cash on cash: -0.27%

Traditional cash on cash: 3.16%

Airbnb Rental Income: $1233

Traditional Rental Income: $3238

Airbnb ROI: -0.27%

Traditional ROI: 3.16%

1400 K Street

Penrose, CO

3 beds | 2 baths | 4,102 sq.ft.

$635,000

Airbnb cash on cash: 0.01%

Traditional cash on cash: 2.83%

Airbnb Rental Income: $1233

Traditional Rental Income: $2508

Airbnb ROI: 0.01%

Traditional ROI: 2.83%

432 Red Rock Circle

Penrose, CO

5 beds | 4 baths | 3,012 sq.ft.

$975,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.65%

Airbnb Rental Income: $null

Traditional Rental Income: $3613

Airbnb ROI: N/A

Traditional ROI: 2.65%

414 4th Street

Penrose, CO

2 beds | 1 baths | 860 sq.ft.

$267,500

Airbnb cash on cash: 2.9%

Traditional cash on cash: 5.23%

Airbnb Rental Income: $1558

Traditional Rental Income: $1699

Airbnb ROI: 2.9%