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
770 Cedar Hills Road Penrose, CO Priced to sell!!! Get settled before the Holidays. Calling all hobby farmers, outdoor ent...	4 beds \| 3 baths \| 2,290 sq.ft.	$659,750	Airbnb cash on cash: N/A Traditional cash on cash: 3.95% Airbnb Rental Income: $null Traditional Rental Income: $3345 Airbnb ROI: N/A Traditional ROI: 3.95%
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: 0.71% Traditional cash on cash: 4.68% Airbnb Rental Income: $1268 Traditional Rental Income: $2300 Airbnb ROI: 0.71% Traditional ROI: 4.68%
1574 4th Street Penrose, CO Tucked back and perched on the canyon, your new home awaits you. This 2 bedroom 1 bath 111...	2 beds \| 1 baths \| 1,116 sq.ft.	$260,000	Airbnb cash on cash: 2.82% Traditional cash on cash: 5.13% Airbnb Rental Income: $1512 Traditional Rental Income: $1639 Airbnb ROI: 2.82% Traditional ROI: 5.13%
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.	$258,000	Airbnb cash on cash: 1.83% Traditional cash on cash: 6.09% Airbnb Rental Income: $1268 Traditional Rental Income: $1905 Airbnb ROI: 1.83% Traditional ROI: 6.09%
1183 2nd Street Penrose, CO Your Lifestyle Oasis in Penrose, CO â Where Adventure Meets Opportunity! Dreaming of ...	5 beds \| 3 baths \| 4,006 sq.ft.	$999,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.41% Airbnb Rental Income: $null Traditional Rental Income: $2716 Airbnb ROI: N/A Traditional ROI: 1.41%
151 Top Notch Trail Penrose, CO Beautifully maintained 3-bed, 2.25-bath home on 2.65 acres in Penrose, offering the perfec...	3 beds \| 3 baths \| 2,458 sq.ft.	$600,000	Airbnb cash on cash: -0.01% Traditional cash on cash: 4.53% Airbnb Rental Income: $1268 Traditional Rental Income: $3412 Airbnb ROI: -0.01% Traditional ROI: 4.53%
18530 State Highway 115 Penrose, CO Beaver Creek Ranch is a stunning 108-Acres with an Adobe-Style Home, Arena, Barn & More! ...	3 beds \| 3 baths \| 2,915 sq.ft.	$1,325,000	Airbnb cash on cash: -0.63% Traditional cash on cash: 1.64% Airbnb Rental Income: $1268 Traditional Rental Income: $3659 Airbnb ROI: -0.63% Traditional ROI: 1.64%
18530 Highway 115 Penrose, CO Beaver Creek Ranch is a stunning 108-Acres with an Adobe-Style Home, Arena, Barn & More! ...	3 beds \| 3 baths \| 2,915 sq.ft.	$1,325,000	Airbnb cash on cash: -0.63% Traditional cash on cash: 1.4% Airbnb Rental Income: $1268 Traditional Rental Income: $3368 Airbnb ROI: -0.63% Traditional ROI: 1.4%
1005 13th St Penrose, CO Bring your horses and enjoy this beautifully remodeled equestrian property! Featuring an 1...	1 beds \| 1 baths \| 576 sq.ft.	$479,900	Airbnb cash on cash: 0.87% Traditional cash on cash: 1.87% Airbnb Rental Income: $1505 Traditional Rental Income: $1513 Airbnb ROI: 0.87% Traditional ROI: 1.87%
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: -0.23% Traditional cash on cash: 3.16% Airbnb Rental Income: $1268 Traditional Rental Income: $3238 Airbnb ROI: -0.23% Traditional ROI: 3.16%
1006 I Street Penrose, CO Charming and peaceful 3-bedroom, 2-bath home on 5 acres in Penroseâideal for those seeki...	3 beds \| 2 baths \| 1,253 sq.ft.	$249,000	Airbnb cash on cash: 1.98% Traditional cash on cash: 7.29% Airbnb Rental Income: $1268 Traditional Rental Income: $2116 Airbnb ROI: 1.98% Traditional ROI: 7.29%
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: 2.74% Traditional cash on cash: 5.23% Airbnb Rental Income: $1512 Traditional Rental Income: $1699 Airbnb ROI: 2.74% 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%
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: 7.05% Traditional cash on cash: 11.61% Airbnb Rental Income: $1512 Traditional Rental Income: $1621 Airbnb ROI: 7.05% 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: 0.83% Traditional cash on cash: 5.41% Airbnb Rental Income: $1268 Traditional Rental Income: $2478 Airbnb ROI: 0.83% 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 Seller will contribute up to $8,000 towards closing cost, or allow the buyer to apply the ...	3 beds \| 2 baths \| 1,500 sq.ft.	$340,400	Airbnb cash on cash: 1.34% Traditional cash on cash: 5.76% Airbnb Rental Income: $1268 Traditional Rental Income: $2279 Airbnb ROI: 1.34% 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%
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.	$370,000	Airbnb cash on cash: 1.12% Traditional cash on cash: 5.63% Airbnb Rental Income: $1268 Traditional Rental Income: $2431 Airbnb ROI: 1.12% Traditional ROI: 5.63%
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.	$659,750	Airbnb cash on cash: N/A Traditional cash on cash: 3.47% Airbnb Rental Income: $null Traditional Rental Income: $3053 Airbnb ROI: N/A Traditional ROI: 3.47%
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: 2.84% Traditional cash on cash: 9.15% Airbnb Rental Income: $1268 Traditional Rental Income: $2060 Airbnb ROI: 2.84% Traditional ROI: 9.15%
1780 14th Street Penrose, CO Full renovation in progress, around 90% complete! Complete renovation includes new windows...	4 beds \| 2 baths \| 1,440 sq.ft.	$284,500	Airbnb cash on cash: N/A Traditional cash on cash: 7.14% Airbnb Rental Income: $null Traditional Rental Income: $2309 Airbnb ROI: N/A Traditional ROI: 7.14%
207 Fremont Penrose, CO Charming 4-Bedroom Home with an Efficiency Apartment & Exceptional Features - Prime Centra...	4 beds \| 3 baths \| 2,383 sq.ft.	$390,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.47% Airbnb Rental Income: $null Traditional Rental Income: $2953 Airbnb ROI: N/A Traditional ROI: 6.47%
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.	$390,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.31% Airbnb Rental Income: $null Traditional Rental Income: $3258 Airbnb ROI: N/A Traditional ROI: 7.31%
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: -0.4% Traditional cash on cash: 1.85% Airbnb Rental Income: $1268 Traditional Rental Income: $3157 Airbnb ROI: -0.4% 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: 0.97% Traditional cash on cash: 2.88% Airbnb Rental Income: $1512 Traditional Rental Income: $1949 Airbnb ROI: 0.97% 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: 0.71% Traditional cash on cash: 3.69% Airbnb Rental Income: $1268 Traditional Rental Income: $1944 Airbnb ROI: 0.71% Traditional ROI: 3.69%
925 2nd St 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.	$550,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.75% Airbnb Rental Income: $null Traditional Rental Income: $3211 Airbnb ROI: N/A Traditional ROI: 4.75%
47 Top Rail Trail Penrose, CO Your retirement dream is thisÂ new built Luxury Property by with expansive views. Imagine ...	3 beds \| 2 baths \| 3,132 sq.ft.	$699,900	Airbnb cash on cash: 0% Traditional cash on cash: 3.09% Airbnb Rental Income: $1268 Traditional Rental Income: $2889 Airbnb ROI: 0% Traditional ROI: 3.09%
239 F Street Penrose, CO Let's start by driving up the long driveway to this unique home with wrap around front por...	3 beds \| 2 baths \| 1,757 sq.ft.	$425,000	Airbnb cash on cash: 0.57% Traditional cash on cash: 4.79% Airbnb Rental Income: $1268 Traditional Rental Income: $2548 Airbnb ROI: 0.57% Traditional ROI: 4.79%
1675 M Street Penrose, CO Welcome home to this magnificent horse property situated on 10 acres with irrigation. This...	5 beds \| 3 baths \| 3,870 sq.ft.	$990,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.81% Airbnb Rental Income: $null Traditional Rental Income: $3845 Airbnb ROI: N/A Traditional ROI: 2.81%
540 6th Street Penrose, CO Welcome to this beautifully updated 4-bedroom, 2-bathroom home set on 4.51 acres with stun...	4 beds \| 2 baths \| 2,036 sq.ft.	$438,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.24% Airbnb Rental Income: $null Traditional Rental Income: $2814 Airbnb ROI: N/A Traditional ROI: 5.24%
12 9th Avenue Penrose, CO This beauty has so much to offer!! 3 bed 2 bath rancher with an attached 2 car carport th...	3 beds \| 2 baths \| 1,242 sq.ft.	$425,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 3.78% Airbnb Rental Income: $1268 Traditional Rental Income: $2094 Airbnb ROI: 0.7% Traditional ROI: 3.78%
207 Fremont St Penrose, CO Charming 4-Bedroom Home with an Efficiency Apartment & Exceptional Features - Prime Centra...	4 beds \| 4 baths \| 2,383 sq.ft.	$390,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.19% Airbnb Rental Income: $null Traditional Rental Income: $3580 Airbnb ROI: N/A Traditional ROI: 8.19%
1785 County Road 120 Penrose, CO Welcome to your dream ranch retreat! 3-bedroom, 3-bathroom rancher with loft plus full bas...	3 beds \| 3 baths \| 4,872 sq.ft.	$675,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 3.69% Airbnb Rental Income: $1268 Traditional Rental Income: $3201 Airbnb ROI: -0.02% Traditional ROI: 3.69%
312 Fremont Street Penrose, CO If youâve been searching for an affordable, turn-key home in Penrose, your search ends h...	2 beds \| 1 baths \| 880 sq.ft.	$273,000	Airbnb cash on cash: 2.74% Traditional cash on cash: 4.68% Airbnb Rental Income: $1512 Traditional Rental Income: $1569 Airbnb ROI: 2.74% Traditional ROI: 4.68%
358 13th Street Penrose, CO Experience Colorado country living at its finest with this spacious 4-bedroom, 2-bathroom ...	4 beds \| 2 baths \| 1,705 sq.ft.	$375,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.68% Airbnb Rental Income: $null Traditional Rental Income: $2493 Airbnb ROI: N/A Traditional ROI: 5.68%

Real Estate investment in Penrose, CO

There are 39 properties for sale in the city of Penrose . The median list price in Penrose is $438,000 and the average price per square foot is $194. In October 2025, the average monthly cash on cash return in Penrose is 5.00%. The average monthly rental income in Penrose is $2,653.

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

There are 39 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 $2,653.

Your search for investment property begins and ends here

Investment Property for Sale in Penrose, CO

770 Cedar Hills Road

Penrose, CO

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

$659,750

Airbnb cash on cash: N/A

Traditional cash on cash: 3.95%

Airbnb Rental Income: $null

Traditional Rental Income: $3345

Airbnb ROI: N/A

Traditional ROI: 3.95%

12 Grant Street

Penrose, CO

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

$385,000

Airbnb cash on cash: 0.71%

Traditional cash on cash: 4.68%

Airbnb Rental Income: $1268

Traditional Rental Income: $2300

Airbnb ROI: 0.71%

Traditional ROI: 4.68%

1574 4th Street

Penrose, CO

2 beds | 1 baths | 1,116 sq.ft.

$260,000

Airbnb cash on cash: 2.82%

Traditional cash on cash: 5.13%

Airbnb Rental Income: $1512

Traditional Rental Income: $1639

Airbnb ROI: 2.82%

Traditional ROI: 5.13%

505 Broadway Street

Penrose, CO

3 beds | 2 baths | 912 sq.ft.

$258,000

Airbnb cash on cash: 1.83%

Traditional cash on cash: 6.09%

Airbnb Rental Income: $1268

Traditional Rental Income: $1905

Airbnb ROI: 1.83%

Traditional ROI: 6.09%

1183 2nd Street

Penrose, CO

5 beds | 3 baths | 4,006 sq.ft.

$999,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.41%

Airbnb Rental Income: $null

Traditional Rental Income: $2716

Airbnb ROI: N/A

Traditional ROI: 1.41%

151 Top Notch Trail

Penrose, CO

3 beds | 3 baths | 2,458 sq.ft.

$600,000

Airbnb cash on cash: -0.01%

Traditional cash on cash: 4.53%

Airbnb Rental Income: $1268

Traditional Rental Income: $3412

Airbnb ROI: -0.01%

Traditional ROI: 4.53%

18530 State Highway 115

Penrose, CO

3 beds | 3 baths | 2,915 sq.ft.

$1,325,000

Airbnb cash on cash: -0.63%

Traditional cash on cash: 1.64%

Airbnb Rental Income: $1268

Traditional Rental Income: $3659

Airbnb ROI: -0.63%

Traditional ROI: 1.64%

18530 Highway 115

Penrose, CO

3 beds | 3 baths | 2,915 sq.ft.

$1,325,000

Airbnb cash on cash: -0.63%

Traditional cash on cash: 1.4%

Airbnb Rental Income: $1268

Traditional Rental Income: $3368

Airbnb ROI: -0.63%