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
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.	$235,000	Airbnb cash on cash: 7.47% Traditional cash on cash: 5.77% Airbnb Rental Income: $2646 Traditional Rental Income: $1639 Airbnb ROI: 7.47% Traditional ROI: 5.77%
18530 Highway 115 Penrose, CO Beaver Creek Ranch is a stunning 108-Acres with an Adobe-Style Home, Arena, Barn & More! T...	3 beds \| 3 baths \| 2,915 sq.ft.	$1,300,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 1.45% Airbnb Rental Income: $1162 Traditional Rental Income: $3368 Airbnb ROI: -0.69% Traditional ROI: 1.45%
193 Top Notch Trail Penrose, CO Package Deal - Lots 6 & 8 \| 6.21 Acres \| Top Rail Ranch An exceptional opportunity to own ...	4 beds \| 4 baths \| 3,820 sq.ft.	$649,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.67% Airbnb Rental Income: $null Traditional Rental Income: $4356 Airbnb ROI: N/A Traditional ROI: 5.67%
490 A St Penrose, CO LOTS OF SPACE SITTING ON 10 ACRES. A LARGE SHOP AND OUTBUILDINGS PERFECT FOR ALL YOUR HOBB...	3 beds \| 1 baths \| 960 sq.ft.	$350,000	Airbnb cash on cash: 0.72% Traditional cash on cash: 3.93% Airbnb Rental Income: $1162 Traditional Rental Income: $1834 Airbnb ROI: 0.72% Traditional ROI: 3.93%
1044 P Street Penrose, CO Nice Horse property set up with stalls , steel pipe arena , frost free water faucets and g...	3 beds \| 2 baths \| 1,568 sq.ft.	$424,900	Airbnb cash on cash: 0.48% Traditional cash on cash: 4.1% Airbnb Rental Income: $1162 Traditional Rental Income: $2223 Airbnb ROI: 0.48% Traditional ROI: 4.1%
1400 K Street Penrose, CO Updated Brick Ranch on 4.7 Irrigated Acres with Horse Barn with adjacent 4.7 acre irrigate...	3 beds \| 2 baths \| 2,950 sq.ft.	$635,000	Airbnb cash on cash: -0.12% Traditional cash on cash: 2.8% Airbnb Rental Income: $1162 Traditional Rental Income: $2508 Airbnb ROI: -0.12% Traditional ROI: 2.8%
340 12th Street Penrose, CO Experience the best of country living just minutes from town. Perfectly situated between C...	3 beds \| 2 baths \| 1,568 sq.ft.	$475,000	Airbnb cash on cash: 0.25% Traditional cash on cash: 3.8% Airbnb Rental Income: $1162 Traditional Rental Income: $2355 Airbnb ROI: 0.25% Traditional ROI: 3.8%
103 Illinois Street Penrose, CO Welcome home to this brand new charming 3 bedroom 2 bath home located in the peaceful comm...	3 beds \| 2 baths \| 1,350 sq.ft.	$359,000	Airbnb cash on cash: 0.97% Traditional cash on cash: 5.54% Airbnb Rental Income: $1162 Traditional Rental Income: $2319 Airbnb ROI: 0.97% Traditional ROI: 5.54%
1144 4th Street Penrose, CO Welcome to your new horse property with room for many animals! This well-maintained 3-bedr...	3 beds \| 2 baths \| 1,224 sq.ft.	$424,900	Airbnb cash on cash: 0.34% Traditional cash on cash: 4.17% Airbnb Rental Income: $1162 Traditional Rental Income: $2304 Airbnb ROI: 0.34% Traditional ROI: 4.17%
106 Grant St Penrose, CO If you've been searching for a home that feels welcoming the moment you walk in, this beau...	3 beds \| 2 baths \| 1,740 sq.ft.	$350,000	Airbnb cash on cash: 0.64% Traditional cash on cash: 5.81% Airbnb Rental Income: $1162 Traditional Rental Income: $2478 Airbnb ROI: 0.64% Traditional ROI: 5.81%
1376 B Street Penrose, CO Discover your slice of paradise in this beautifully maintained 3 Bedroom, 2 Bath, move in ...	3 beds \| 2 baths \| 2,356 sq.ft.	$424,812	Airbnb cash on cash: 0.55% Traditional cash on cash: 5.84% Airbnb Rental Income: $1162 Traditional Rental Income: $2887 Airbnb ROI: 0.55% Traditional ROI: 5.84%
459 Bowie Road Penrose, CO Set on nearly 40 private-acres w/ breathtaking 360 degrees open space views & mountain ran...	4 beds \| 3 baths \| 2,856 sq.ft.	$750,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.17% Airbnb Rental Income: $null Traditional Rental Income: $3192 Airbnb ROI: N/A Traditional ROI: 3.17%
988 P Street Penrose, CO Welcome home to your custom built ICF adobe style home sitting on 10 acres. Whether you're...	4 beds \| 3 baths \| 3,527 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%
855 Marilyn Drive Penrose, CO If you're searching for horse property in Penrose, Colorado with acreage, barn, and usable...	4 beds \| 3 baths \| 2,952 sq.ft.	$540,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.97% Airbnb Rental Income: $null Traditional Rental Income: $3798 Airbnb ROI: N/A Traditional ROI: 5.97%
207 Fremont Street Penrose, CO Fully Renovated Home with an Efficiency Apartment & Exceptional Features - Prime Central L...	4 beds \| 3 baths \| 2,383 sq.ft.	$395,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.14% Airbnb Rental Income: $null Traditional Rental Income: $3258 Airbnb ROI: N/A Traditional ROI: 7.14%
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: -0.49% Traditional cash on cash: 1.85% Airbnb Rental Income: $1162 Traditional Rental Income: $3157 Airbnb ROI: -0.49% 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: 3.01% Traditional cash on cash: 2.86% Airbnb Rental Income: $2646 Traditional Rental Income: $1949 Airbnb ROI: 3.01% Traditional ROI: 2.86%
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%
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 \| 2,436 sq.ft.	$675,000	Airbnb cash on cash: -0.18% Traditional cash on cash: 3.67% Airbnb Rental Income: $1162 Traditional Rental Income: $3201 Airbnb ROI: -0.18% Traditional ROI: 3.67%
4200 County Road 123 Penrose, CO Enjoy peaceful country living in this spacious 3-bedroom, 2-bath modular home perfectly si...	3 beds \| 2 baths \| 1,760 sq.ft.	$325,000	Airbnb cash on cash: 0.93% Traditional cash on cash: 6.62% Airbnb Rental Income: $1162 Traditional Rental Income: $2517 Airbnb ROI: 0.93% Traditional ROI: 6.62%
33 7th Avenue Penrose, CO Cozy 3BD/2BA home on 0.51 acres in Penrose! Features an oversized garage, two storage shed...	3 beds \| 2 baths \| 1 sq.ft.	$295,000	Airbnb cash on cash: 0.96% Traditional cash on cash: 4.12% Airbnb Rental Income: $1162 Traditional Rental Income: $1657 Airbnb ROI: 0.96% Traditional ROI: 4.12%
611 Q Street Penrose, CO Welcome to 611 Q St, Penrose, CO 81240 - a rare 20-acre retreat with unmatched versatility...	3 beds \| 4 baths \| 2,482 sq.ft.	$700,000	Airbnb cash on cash: -0.15% Traditional cash on cash: 4.1% Airbnb Rental Income: $1162 Traditional Rental Income: $3555 Airbnb ROI: -0.15% Traditional ROI: 4.1%
358 Illinois Street Penrose, CO newly updated one level living with paid off solar...A MUST SEE TO APPRECIATE...large prim...	3 beds \| 2 baths \| 1,086 sq.ft.	$324,900	Airbnb cash on cash: 0.77% Traditional cash on cash: 4.37% Airbnb Rental Income: $1162 Traditional Rental Income: $1880 Airbnb ROI: 0.77% Traditional ROI: 4.37%
875 7th Street Penrose, CO Quality custom home on over 4.4 acres offering peaceful rural living and exceptional priva...	4 beds \| 2 baths \| 1,953 sq.ft.	$630,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.39% Airbnb Rental Income: $null Traditional Rental Income: $1753 Airbnb ROI: N/A Traditional ROI: 1.39%
215 Sherrill Drive Penrose, CO Welcome to this beautiful 3-bedroom, 2-bathroom home nestled in a low-traffic, well-kept n...	3 beds \| 2 baths \| 1,600 sq.ft.	$434,900	Airbnb cash on cash: 0.32% Traditional cash on cash: 2.45% Airbnb Rental Income: $1162 Traditional Rental Income: $1649 Airbnb ROI: 0.32% Traditional ROI: 2.45%
909 K Street Penrose, CO Irrigated Horse Property with Lester Barn, Producing Hay Field, Paid-Off Solar & Private 1...	3 beds \| 3 baths \| 2,356 sq.ft.	$619,900	Airbnb cash on cash: -0.23% Traditional cash on cash: 1.28% Airbnb Rental Income: $1162 Traditional Rental Income: $1649 Airbnb ROI: -0.23% Traditional ROI: 1.28%
312 Fremont Street Penrose, CO If you've been searching for an affordable, turn-key home in Penrose, your search ends her...	2 beds \| 1 baths \| 880 sq.ft.	$273,000	Airbnb cash on cash: 6.42% Traditional cash on cash: 4.68% Airbnb Rental Income: $2646 Traditional Rental Income: $1569 Airbnb ROI: 6.42% Traditional ROI: 4.68%

Real Estate investment in Penrose, CO

There are 35 properties for sale in the city of Penrose . The median list price in Penrose is $454,950 and the average price per square foot is $225. In March 2026, the average monthly cash on cash return in Penrose is 4.00%. The average monthly rental income in Penrose is $2,302.

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

There are 35 investment properties available for sale in Penrose.

In 2026, the best neighborhood to buy investment property is Penrose.

The ROI for Short-Term is higher than the Long-Term in Penrose with average rental income of $1,162.

Your search for investment property begins and ends here

Investment Property for Sale in Penrose, CO

1574 4th Street

Penrose, CO

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

$235,000

Airbnb cash on cash: 7.47%

Traditional cash on cash: 5.77%

Airbnb Rental Income: $2646

Traditional Rental Income: $1639

Airbnb ROI: 7.47%

Traditional ROI: 5.77%

18530 Highway 115

Penrose, CO

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

$1,300,000

Airbnb cash on cash: -0.69%

Traditional cash on cash: 1.45%

Airbnb Rental Income: $1162

Traditional Rental Income: $3368

Airbnb ROI: -0.69%

Traditional ROI: 1.45%

193 Top Notch Trail

Penrose, CO

4 beds | 4 baths | 3,820 sq.ft.

$649,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.67%

Airbnb Rental Income: $null

Traditional Rental Income: $4356

Airbnb ROI: N/A

Traditional ROI: 5.67%

490 A St

Penrose, CO

3 beds | 1 baths | 960 sq.ft.

$350,000

Airbnb cash on cash: 0.72%

Traditional cash on cash: 3.93%

Airbnb Rental Income: $1162

Traditional Rental Income: $1834

Airbnb ROI: 0.72%

Traditional ROI: 3.93%

1044 P Street

Penrose, CO

3 beds | 2 baths | 1,568 sq.ft.

$424,900

Airbnb cash on cash: 0.48%

Traditional cash on cash: 4.1%

Airbnb Rental Income: $1162

Traditional Rental Income: $2223

Airbnb ROI: 0.48%

Traditional ROI: 4.1%

1400 K Street

Penrose, CO

3 beds | 2 baths | 2,950 sq.ft.

$635,000

Airbnb cash on cash: -0.12%

Traditional cash on cash: 2.8%

Airbnb Rental Income: $1162

Traditional Rental Income: $2508

Airbnb ROI: -0.12%

Traditional ROI: 2.8%

340 12th Street

Penrose, CO

3 beds | 2 baths | 1,568 sq.ft.

$475,000

Airbnb cash on cash: 0.25%

Traditional cash on cash: 3.8%

Airbnb Rental Income: $1162

Traditional Rental Income: $2355

Airbnb ROI: 0.25%

Traditional ROI: 3.8%

103 Illinois Street

Penrose, CO

3 beds | 2 baths | 1,350 sq.ft.

$359,000

Airbnb cash on cash: 0.97%

Traditional cash on cash: 5.54%

Airbnb Rental Income: $1162

Traditional Rental Income: $2319

Airbnb ROI: 0.97%