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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
12 Grant Street 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.	$383,000	Airbnb cash on cash: 0.48% Traditional cash on cash: 4.71% Airbnb Rental Income: $1162 Traditional Rental Income: $2300 Airbnb ROI: 0.48% Traditional ROI: 4.71%
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.	$245,000	Airbnb cash on cash: 7.13% Traditional cash on cash: 5.5% Airbnb Rental Income: $2646 Traditional Rental Income: $1639 Airbnb ROI: 7.13% Traditional ROI: 5.5%
1183 2nd Street Penrose, CO Your Lifestyle Oasis in Penrose, CO - Where Adventure Meets Opportunity! Dreaming of a hob...	5 beds \| 3 baths \| 4,006 sq.ft.	$975,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.47% Airbnb Rental Income: $null Traditional Rental Income: $2716 Airbnb ROI: N/A Traditional ROI: 1.47%
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%
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: 1.44% Traditional cash on cash: 1.87% Airbnb Rental Income: $1810 Traditional Rental Income: $1513 Airbnb ROI: 1.44% Traditional ROI: 1.87%
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.	$710,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.1% Airbnb Rental Income: $null Traditional Rental Income: $4356 Airbnb ROI: N/A Traditional ROI: 5.1%
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.	$449,900	Airbnb cash on cash: 0.39% Traditional cash on cash: 3.82% Airbnb Rental Income: $1162 Traditional Rental Income: $2223 Airbnb ROI: 0.39% Traditional ROI: 3.82%
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%
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%
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: 2.37% Traditional cash on cash: 9.15% Airbnb Rental Income: $1162 Traditional Rental Income: $2060 Airbnb ROI: 2.37% Traditional ROI: 9.15%
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: 3.03% Traditional cash on cash: 2.88% Airbnb Rental Income: $2646 Traditional Rental Income: $1949 Airbnb ROI: 3.03% 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.	$383,000	Airbnb cash on cash: 0.48% Traditional cash on cash: 3.72% Airbnb Rental Income: $1162 Traditional Rental Income: $1944 Airbnb ROI: 0.48% Traditional ROI: 3.72%
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: -0.16% Traditional cash on cash: 3.69% Airbnb Rental Income: $1162 Traditional Rental Income: $3201 Airbnb ROI: -0.16% Traditional ROI: 3.69%
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%
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.	$329,900	Airbnb cash on cash: 0.75% Traditional cash on cash: 4.29% Airbnb Rental Income: $1162 Traditional Rental Income: $1880 Airbnb ROI: 0.75% Traditional ROI: 4.29%
47 Top Rail Trail Penrose, CO Your retirement dream is this new built Luxury Property by with expansive views. Imagine l...	3 beds \| 2 baths \| 3,132 sq.ft.	$669,000	Airbnb cash on cash: -0.1% Traditional cash on cash: 3.28% Airbnb Rental Income: $1162 Traditional Rental Income: $2889 Airbnb ROI: -0.1% Traditional ROI: 3.28%
375 14th Street Penrose, CO Off-Grid Oasis with Mountain Views on 10 Acres!! Discover peace, privacy, and self-suffici...	4 beds \| 2 baths \| 1,932 sq.ft.	$294,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.1% Airbnb Rental Income: $null Traditional Rental Income: $2730 Airbnb ROI: N/A Traditional ROI: 8.1%

Real Estate investment in Penrose, CO

There are 23 properties for sale in the city of Penrose . The median list price in Penrose is $449,900 and the average price per square foot is $223. In February 2026, the average monthly cash on cash return in Penrose is 4.00%. The average monthly rental income in Penrose is $2,409.

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

There are 23 investment properties available for sale in Penrose.

In 2026, 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 $2,409.

Your search for investment property begins and ends here

Investment Property for Sale in Penrose, CO

12 Grant Street

Penrose, CO

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

$383,000

Airbnb cash on cash: 0.48%

Traditional cash on cash: 4.71%

Airbnb Rental Income: $1162

Traditional Rental Income: $2300

Airbnb ROI: 0.48%

Traditional ROI: 4.71%

1574 4th Street

Penrose, CO

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

$245,000

Airbnb cash on cash: 7.13%

Traditional cash on cash: 5.5%

Airbnb Rental Income: $2646

Traditional Rental Income: $1639

Airbnb ROI: 7.13%

Traditional ROI: 5.5%

1183 2nd Street

Penrose, CO

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

$975,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.47%

Airbnb Rental Income: $null

Traditional Rental Income: $2716

Airbnb ROI: N/A

Traditional ROI: 1.47%

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%

1005 13th St

Penrose, CO

1 beds | 1 baths | 576 sq.ft.

$479,900

Airbnb cash on cash: 1.44%

Traditional cash on cash: 1.87%

Airbnb Rental Income: $1810

Traditional Rental Income: $1513

Airbnb ROI: 1.44%

Traditional ROI: 1.87%

193 Top Notch Trail

Penrose, CO

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

$710,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.1%

Airbnb Rental Income: $null

Traditional Rental Income: $4356

Airbnb ROI: N/A

Traditional ROI: 5.1%

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.

$449,900

Airbnb cash on cash: 0.39%

Traditional cash on cash: 3.82%

Airbnb Rental Income: $1162

Traditional Rental Income: $2223

Airbnb ROI: 0.39%