1002 E Rio Grande St Colorado Springs, CO 80903
Hillside/East Lake Neighborhood
7
Beds
5
Baths
3,876
Sq Ft
6,273
Sq Ft Lot
Highlights
- No HOA
- Forced Air Heating System
- Mini Split Air Conditioners
About This Home
As of March 2025Great house hacking or investment opportunity right outside of downtown Colorado Springs. Each unit has granite countertops, luxury vinyl flooring, washer/dryer hook ups and spacious layouts. The main home square footage has more livable space than what is reflected on the tax roll - front unit is a 2 bed/1 bath, back unit is a 2 bed/2 bath with finished attic space, and the basement is a large 2 bed/1 bath with 9 foot ceilings. The detached carriage house is a 1 bed/1 bath with access to its own yard. Updated in 2021 with new electrical, plumbing, HVAC, windows and roofing - this property has had the major items taken care of. Tenant occupied - no showings until offer is accepted. Please do not bother the tenants.
Last Agent to Sell the Property
7281 Real Estate Brokerage Email: Shawn@7281re.com,720-334-1034 License #100074147 Listed on: 02/17/2025
Last Buyer's Agent
IRES Agent Non-REcolorado
NON MLS PARTICIPANT
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,877
Year Built
- Built in 1948
Parking
- 2 Parking Spaces
Home Design
- Quadruplex
- Frame Construction
- Composition Roof
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Finished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Schools
- Hunt Elementary School
- North Middle School
- Palmer High School
Utilities
- Mini Split Air Conditioners
- Forced Air Heating System
Listing and Financial Details
- Exclusions: tenants personal property
- Property held in a trust
- The owner pays for electricity, gas, insurance, taxes, water
- Assessor Parcel Number 64202-01-010
Community Details
Overview
- No Home Owners Association
- Downtown Subdivision
Building Details
- Operating Expense $17,500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 17, 2025
Closed on
Mar 28, 2025
Sold by
Kane Properties Llc
Bought by
Grissom Brandon
Seller's Agent
Shawn Kane
7281 Real Estate
Buyer's Agent
IRES Agent Non-REcolorado
NON MLS PARTICIPANT
List Price
$699,000
Sold Price
$685,000
Premium/Discount to List
-$14,000
-2%
Total Days on Market
7
Views
11
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.44%
Original Mortgage
$443,473
Outstanding Balance
$443,473
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$236,260
Purchase Details
Closed on
Jan 26, 2021
Sold by
Samolsky Russell and Estate Of Lorraine Blazer
Bought by
Relight Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,275
Interest Rate
2.67%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 3, 1990
Bought by
Blazer Lorraine
Purchase Details
Closed on
Mar 1, 1987
Bought by
Blazer Lorraine
Purchase Details
Closed on
Sep 1, 1983
Bought by
Blazer Lorraine
Similar Homes in Colorado Springs, CO
-
$724,999
- 8 Beds
- 4 Baths
- 3,000 Sq Ft
- 720 E Hills Rd
- Colorado Springs, CO
Great investment opportunity!!! This is a nice four-plex with lots of updating. All four units have new vinyl windows, exterior paint, and accent siding. Each unit offers two Bedrooms and one bath with an open kitchen and living area. It has an excellent rental history. The convenient location is close to schools, shopping, and downtown.
Greg Kelly NAV Real Estate
-
$635,000
- 8 Beds
- 4 Baths
- 3,381 Sq Ft
- 135 University Dr
- Colorado Springs, CO
135 University Dr. is a Four Plex located in a quiet residential neighborhood consisting of four 2 bedroom 1 bathroom units. Owners in the surrounding area typically report low vacancy rates. A new owner will have the ability to increase rents to market rate. The properties have been well maintained and the units are in good condition relative to the surrounding market. The roof has been recently
Joe Hornstein NorthPeak Commercial Advisors, LLC
-
$639,000
- 6 Beds
- 4 Baths
- 3,364 Sq Ft
- 1728 Armstrong Ave
- Colorado Springs, CO
Don't miss out on this West-side investment opportunity! This charming 4-plex property is fully occupied and is a great chance for investors and/or homeowner occupants to generate income. With a great mix of two-bedroom and one-bedroom units, this property appeals to a variety of prospective tenants. The 4-plex comes with a two-car garage and two storage sheds, features that are unique for
Paeleigh Reid Reid Realty, Inc.
-
$625,000
- 8 Beds
- 4 Baths
- 3,404 Sq Ft
- 1845 Zebulon Dr
- Colorado Springs, CO
1845 Zebulon Drive is a well-maintained quadplex located in the Southeast area of Colorado Springs. Built in 1984, this multi-family property sits on approximately 0.3 acres and offers a strong value-add opportunity for investors. Each of the four units is roughly 800 square feet and includes two bedrooms and one bathroom. The interiors feature hardwood flooring, walk-in closets, and functional
Andrew Stephens Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
-
$640,000
- 8 Beds
- 4 Baths
- 3,832 Sq Ft
- 4025 Ruskin Way
- Colorado Springs, CO
Prime investment opportunity in the heart of Colorado Springs! This well maintained four-plex offers a fantastic blend of stability and growth potential, making it an ideal addition to your real estate portfolio. With a history of consistent occupancy, this property provides a reliable income stream. Three of the units are recently updated with fresh paint, newer appliances, and new flooring
Jon Cole Your Castle Real Estate Inc
-
$599,900
- 8 Beds
- 4 Baths
- 3,240 Sq Ft
- 116 S Murray Blvd
- Colorado Springs, CO
Well maintained 4 plex that backs to a park with great rent roles. Lots of recent updates including newer paint, LVP flooring, updated kitchen and bathrooms etc. All units are 2 bedroom 1 baths and come with storage lockers and off street parking. NEW BOILER 2022ON SITE COIN OP LAUNDRY GENERATES $30-$50 PER MONTH IN ADDITIONAL INCOME
Darren Fogel MB Denver Colorado Realty Source
-
$800,000
- 8 Beds
- 4 Baths
- 3,712 Sq Ft
- 435 W Van Buren St
- Colorado Springs, CO
Fantastic opportunity for an investment property in the quiet neighborhood of Venetian Village, just north of Downtown Colorado Springs. This 4-unit property features 2 bed/1bath units, each unit with a private deck or patio and onsite laundry with additional storage for each unit. Located along the Pikes Peak Greenway trail and Hyde Park, tenants are offered a secluded setting with easy access
Nic Polaski Cushman & Wakefield
-
$675,000
- 8 Beds
- 4 Baths
- 3,216 Sq Ft
- 1322 Arch St
- Colorado Springs, CO
Great up/down four-plex in a quiet location in South Colorado City right between Downtown Colorado Springs and Manitou Springs. Located a few blocks to a bus stop and with quick access to Highway 24. This fantastic income investment is fully occupied $56,461 current gross revenue (Jan 2025, annualized). Limited taxes have helped control operating expenses ($15,860, 2024). Our 2025 Pro Forma Net
Daniel Lucchesi Lucchesi Property Group
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $685,000 | Land Title Guarantee Company | |
| Personal Reps Deed | $385,000 | Empire Title Co Springs Llc | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $443,473 | New Conventional | |
| Previous Owner | $118,600 | New Conventional | |
| Previous Owner | $466,900 | New Conventional | |
| Previous Owner | $427,275 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/28/2025 03/28/25 | Sold | $685,000 | -2.0% | $177 / Sq Ft |
| 02/17/2025 02/17/25 | For Sale | $699,000 | -- | $180 / Sq Ft |
Source: REcolorado®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,877 | $40,390 | $3,510 | $36,880 |
| 2022 | $1,966 | $35,130 | $3,250 | $31,880 |
| 2021 | $2,133 | $36,150 | $3,350 | $32,800 |
| 2020 | $1,951 | $28,750 | $2,570 | $26,180 |
| 2019 | $1,941 | $28,750 | $2,570 | $26,180 |
| 2018 | $1,561 | $21,270 | $1,940 | $19,330 |
| 2017 | $1,478 | $21,270 | $1,940 | $19,330 |
| 2016 | $1,206 | $20,810 | $1,790 | $19,020 |
| 2015 | $1,202 | $20,810 | $1,790 | $19,020 |
| 2014 | $1,161 | $19,300 | $1,670 | $17,630 |
Source: Public Records
Agents Affiliated with this Home
-
Shawn Kane
Seller's Agent in 2025
Shawn Kane
7281 Real Estate
(720) 376-8915
1 in this area
76 Total Sales
-
I
Buyer's Agent in 2025
IRES Agent Non-REcolorado
NON MLS PARTICIPANT
Map
Source: REcolorado®
MLS Number: 6326277
APN: 64202-01-010
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (“IDX”) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than Ten-X are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.
This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.
The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.
PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.
METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
© 2025 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved. 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.
Nearby Homes
- 719 S Institute St
- 1113 E Cimarron St
- 616 Prospect Lake Dr
- 729 S Prospect St
- 909 E Costilla St
- 718 Prospect Lake Dr
- 720 S Prospect St
- 1028 E Costilla St
- 942 E Costilla St
- 1328 E Las Animas St
- 816 S Logan Ave
- 421 S Prospect St
- 319 S Institute St
- 316 E Rio Grande St
- 627 E Las Animas St
- 703 E Costilla St
- 735 E Vermijo Ave
- 710 S Royer St
- 1418 E Pikes Peak Ave
- 2001 Salt Dr