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
325 5th Street Penrose, CO Wonderful 3 Bedroom, 2 Bath Manufactured Home on 4.88 Acres - Custom Woodwork, Solar, and ...	3 beds \| 2 baths \| 1,216 sq.ft.	$329,000	Airbnb cash on cash: -0.85% Traditional cash on cash: 5.16% Airbnb Rental Income: $498 Traditional Rental Income: $2086 Airbnb ROI: -0.85% Traditional ROI: 5.16%
550 4th Street Penrose, CO Welcome to this well-maintained manufactured home set on a spacious one-acre lot in Penros...	3 beds \| 2 baths \| 1,344 sq.ft.	$269,900	Airbnb cash on cash: -0.84% Traditional cash on cash: 7.06% Airbnb Rental Income: $498 Traditional Rental Income: $2237 Airbnb ROI: -0.84% Traditional ROI: 7.06%
1574 4th Street Penrose, CO Tucked back and perched atop, your new home awaits you. This 2 bedroom 1 bath 1116 square ...	2 beds \| 1 baths \| 1,116 sq.ft.	$235,000	Airbnb cash on cash: 0.59% Traditional cash on cash: 5.77% Airbnb Rental Income: $812 Traditional Rental Income: $1639 Airbnb ROI: 0.59% 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: -1.15% Traditional cash on cash: 1.45% Airbnb Rental Income: $498 Traditional Rental Income: $3368 Airbnb ROI: -1.15% Traditional ROI: 1.45%
1747 16th Street Penrose, CO Welcome home to this beautifully updated stucco ranch-style property situated on 10 peacef...	3 beds \| 2 baths \| 1,794 sq.ft.	$519,999	Airbnb cash on cash: -1.1% Traditional cash on cash: 3.7% Airbnb Rental Income: $498 Traditional Rental Income: $2560 Airbnb ROI: -1.1% Traditional ROI: 3.7%
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: -0.96% Traditional cash on cash: 3.93% Airbnb Rental Income: $498 Traditional Rental Income: $1834 Airbnb ROI: -0.96% Traditional ROI: 3.93%
1044 P Street Penrose, CO Beautiful horse property on just under 10 fenced acres with stunning mountain views. The p...	3 beds \| 2 baths \| 1,568 sq.ft.	$399,500	Airbnb cash on cash: -0.91% Traditional cash on cash: 4.42% Airbnb Rental Income: $498 Traditional Rental Income: $2223 Airbnb ROI: -0.91% Traditional ROI: 4.42%
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.	$719,000	Airbnb cash on cash: -1.18% Traditional cash on cash: 3.32% Airbnb Rental Income: $498 Traditional Rental Income: $3238 Airbnb ROI: -1.18% Traditional ROI: 3.32%
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: -1.05% Traditional cash on cash: 2.8% Airbnb Rental Income: $498 Traditional Rental Income: $2508 Airbnb ROI: -1.05% 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: -0.99% Traditional cash on cash: 3.8% Airbnb Rental Income: $498 Traditional Rental Income: $2355 Airbnb ROI: -0.99% Traditional ROI: 3.8%
86 K Street Penrose, CO Exceptional 4 bedroom, 3-bathroom custom log home on 28.4 acres! Surrounded by wide-open s...	4 beds \| 3 baths \| 4,110 sq.ft.	$850,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.23% Airbnb Rental Income: $null Traditional Rental Income: $3702 Airbnb ROI: N/A Traditional ROI: 3.23%
855 5th St Penrose, CO Welcome to your Colorado dream home, a stunning 4-bedroom, 2-bath residence in Penrose tha...	4 beds \| 2 baths \| 4,999 sq.ft.	$660,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.01% Airbnb Rental Income: $null Traditional Rental Income: $2772 Airbnb ROI: N/A Traditional ROI: 3.01%
116 Top Notch Trail Penrose, CO Surrounded by mountain views and open skies, this well-maintained ranch-style home offers ...	3 beds \| 2 baths \| 2,058 sq.ft.	$554,900	Airbnb cash on cash: -1.12% Traditional cash on cash: 2.9% Airbnb Rental Income: $498 Traditional Rental Income: $2307 Airbnb ROI: -1.12% Traditional ROI: 2.9%
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.	$389,000	Airbnb cash on cash: -1.06% Traditional cash on cash: 4.64% Airbnb Rental Income: $498 Traditional Rental Income: $2304 Airbnb ROI: -1.06% Traditional ROI: 4.64%
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.	$384,000	Airbnb cash on cash: -0.83% Traditional cash on cash: 6.56% Airbnb Rental Income: $498 Traditional Rental Income: $2887 Airbnb ROI: -0.83% Traditional ROI: 6.56%
8200 County Road 132 Penrose, CO Situated on over 73 acres across two parcels, this exceptional Colorado ranch property off...	2 beds \| 2 baths \| 1,264 sq.ft.	$775,000	Airbnb cash on cash: -0.73% Traditional cash on cash: 1.56% Airbnb Rental Income: $812 Traditional Rental Income: $2147 Airbnb ROI: -0.73% Traditional ROI: 1.56%
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.	$535,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.03% Airbnb Rental Income: $null Traditional Rental Income: $3798 Airbnb ROI: N/A Traditional ROI: 6.03%
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: -1.03% Traditional cash on cash: 1.85% Airbnb Rental Income: $498 Traditional Rental Income: $3157 Airbnb ROI: -1.03% Traditional ROI: 1.85%
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%
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.	$290,000	Airbnb cash on cash: -0.87% Traditional cash on cash: 7.52% Airbnb Rental Income: $498 Traditional Rental Income: $2517 Airbnb ROI: -0.87% Traditional ROI: 7.52%
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 \| N/A	$295,000	Airbnb cash on cash: -1.03% Traditional cash on cash: 4.12% Airbnb Rental Income: $498 Traditional Rental Income: $1657 Airbnb ROI: -1.03% 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.	$650,000	Airbnb cash on cash: -1% Traditional cash on cash: 4.49% Airbnb Rental Income: $498 Traditional Rental Income: $3555 Airbnb ROI: -1% Traditional ROI: 4.49%
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.	$319,900	Airbnb cash on cash: -1.04% Traditional cash on cash: 4.46% Airbnb Rental Income: $498 Traditional Rental Income: $1880 Airbnb ROI: -1.04% Traditional ROI: 4.46%
507 Van Egmond Drive Penrose, CO Rancho Cielo-Where the Colorado Sky Meets the Soul of the Southwest - Some homes offer acr...	5 beds \| 4 baths \| 4,184 sq.ft.	$900,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.27% Airbnb Rental Income: $null Traditional Rental Income: $3959 Airbnb ROI: N/A Traditional ROI: 3.27%
1000 S Street Penrose, CO Set on 9 acres in Penrose, this spacious 2-story home offers a rare blend of square footag...	4 beds \| 4 baths \| 3,455 sq.ft.	$645,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.72% Airbnb Rental Income: $null Traditional Rental Income: $4338 Airbnb ROI: N/A Traditional ROI: 5.72%
575 11th Street Penrose, CO Horse property with nearly four acres, mountain views, and room for RVs, animals, and hobb...	3 beds \| 2 baths \| 1,524 sq.ft.	$495,000	Airbnb cash on cash: -1% Traditional cash on cash: 3.84% Airbnb Rental Income: $498 Traditional Rental Income: $2468 Airbnb ROI: -1% Traditional ROI: 3.84%
310 L Street Penrose, CO Located in prestigious Apple Valley Estates, the top subdivision in Penrose, this beautifu...	4 beds \| 4 baths \| 3,717 sq.ft.	$725,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.11% Airbnb Rental Income: $null Traditional Rental Income: $4510 Airbnb ROI: N/A Traditional ROI: 5.11%
373 G St Penrose, CO Charming home in Penrose situated on a spacious 0.68-acre lot, offering privacy and room t...	3 beds \| 2 baths \| 1,523 sq.ft.	$325,000	Airbnb cash on cash: -0.93% Traditional cash on cash: 6.03% Airbnb Rental Income: $498 Traditional Rental Income: $2353 Airbnb ROI: -0.93% Traditional ROI: 6.03%
474 GRANT Street Penrose, CO Charming 3-bedroom, 1.5-bath home in a desirable central Penrose location. Conveniently si...	3 beds \| 2 baths \| 1,092 sq.ft.	$275,000	Airbnb cash on cash: -0.84% Traditional cash on cash: 6.52% Airbnb Rental Income: $498 Traditional Rental Income: $2135 Airbnb ROI: -0.84% Traditional ROI: 6.52%
835 3rd Street Penrose, CO This charming three-bedroom, two-bath home, sits proudly on 1.15 sprawling acres and retai...	3 beds \| 2 baths \| 2,271 sq.ft.	$435,000	Airbnb cash on cash: -1.07% Traditional cash on cash: 5.16% Airbnb Rental Income: $498 Traditional Rental Income: $2764 Airbnb ROI: -1.07% Traditional ROI: 5.16%
1110 Q Street Penrose, CO 1110 Q Street delivers a newer home, usable acreage, and infrastructure already in place f...	4 beds \| 2 baths \| 1,568 sq.ft.	$375,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.07% Airbnb Rental Income: $null Traditional Rental Income: $2360 Airbnb ROI: N/A Traditional ROI: 5.07%
776 S Broadway Penrose, CO Brand new construction on 4.94 acres in Penrose. This beautifully designed 3-bedroom, 2-ba...	3 beds \| 2 baths \| 1,329 sq.ft.	$415,000	Airbnb cash on cash: -1.02% Traditional cash on cash: 4.1% Airbnb Rental Income: $498 Traditional Rental Income: $2217 Airbnb ROI: -1.02% Traditional ROI: 4.1%
561 County Road 132 Penrose, CO Set on 5 open acres in Penrose, this 3-bedroom, 2-bathroom manufactured home offers a soli...	3 beds \| 2 baths \| 1,280 sq.ft.	$275,000	Airbnb cash on cash: -0.87% Traditional cash on cash: 5.94% Airbnb Rental Income: $498 Traditional Rental Income: $1992 Airbnb ROI: -0.87% Traditional ROI: 5.94%
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.	$469,000	Airbnb cash on cash: -0.29% Traditional cash on cash: 3.04% Airbnb Rental Income: $812 Traditional Rental Income: $1949 Airbnb ROI: -0.29% Traditional ROI: 3.04%
373 G Street Penrose, CO Charming home in Penrose situated on a spacious 0.68-acre lot, offering privacy and room t...	3 beds \| 2 baths \| 1,523 sq.ft.	$325,000	Airbnb cash on cash: -0.93% Traditional cash on cash: 6.11% Airbnb Rental Income: $498 Traditional Rental Income: $2379 Airbnb ROI: -0.93% Traditional ROI: 6.11%

Real Estate investment in Penrose, CO

There are 37 properties for sale in the city of Penrose . The median list price in Penrose is $439,737 and the average price per square foot is $208. In July 2026, the average monthly cash on cash return in Penrose is 4.00%. The average monthly rental income in Penrose is $2,388.

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

There are 37 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 $2,388.

Your search for investment property begins and ends here

Investment Property for Sale in Penrose, CO

325 5th Street

Penrose, CO

3 beds | 2 baths | 1,216 sq.ft.

$329,000

Airbnb cash on cash: -0.85%

Traditional cash on cash: 5.16%

Airbnb Rental Income: $498

Traditional Rental Income: $2086

Airbnb ROI: -0.85%

Traditional ROI: 5.16%

550 4th Street

Penrose, CO

3 beds | 2 baths | 1,344 sq.ft.

$269,900

Airbnb cash on cash: -0.84%

Traditional cash on cash: 7.06%

Airbnb Rental Income: $498

Traditional Rental Income: $2237

Airbnb ROI: -0.84%

Traditional ROI: 7.06%

1574 4th Street

Penrose, CO

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

$235,000

Airbnb cash on cash: 0.59%

Traditional cash on cash: 5.77%

Airbnb Rental Income: $812

Traditional Rental Income: $1639

Airbnb ROI: 0.59%

Traditional ROI: 5.77%

18530 Highway 115

Penrose, CO

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

$1,300,000

Airbnb cash on cash: -1.15%

Traditional cash on cash: 1.45%

Airbnb Rental Income: $498

Traditional Rental Income: $3368

Airbnb ROI: -1.15%

Traditional ROI: 1.45%

1747 16th Street

Penrose, CO

3 beds | 2 baths | 1,794 sq.ft.

$519,999

Airbnb cash on cash: -1.1%

Traditional cash on cash: 3.7%

Airbnb Rental Income: $498

Traditional Rental Income: $2560

Airbnb ROI: -1.1%

Traditional ROI: 3.7%

490 A St

Penrose, CO

3 beds | 1 baths | 960 sq.ft.

$350,000

Airbnb cash on cash: -0.96%

Traditional cash on cash: 3.93%

Airbnb Rental Income: $498

Traditional Rental Income: $1834

Airbnb ROI: -0.96%

Traditional ROI: 3.93%

1044 P Street

Penrose, CO

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

$399,500

Airbnb cash on cash: -0.91%

Traditional cash on cash: 4.42%

Airbnb Rental Income: $498

Traditional Rental Income: $2223

Airbnb ROI: -0.91%

Traditional ROI: 4.42%

445 G Street

Penrose, CO

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

$719,000

Airbnb cash on cash: -1.18%

Traditional cash on cash: 3.32%

Airbnb Rental Income: $498

Traditional Rental Income: $3238

Airbnb ROI: -1.18%