1007 Iowa Ave Colorado Springs, CO 80909
Knob Hill NeighborhoodEstimated payment $2,484/month
Total Views
2,017
--
Bed
--
Bath
852
Sq Ft
$499
Price per Sq Ft
Highlights
- Family Room with Fireplace
- No HOA
- Ceiling Fan
- Wood Flooring
- Forced Air Heating System
- 5-minute walk to Otis Park
About This Home
Investor’s Dream with Vintage Charm, Income Potential & Pikes Peak Views – 1945 Gem in the Heart of Colorado Springs!
Discover a rare opportunity to own a well-maintained, income-generating vintage home in the heart of Colorado Springs—complete with stunning views of Pikes Peak from your front door. This charming 1945 ranch-style property sits on a spacious corner lot and offers the perfect blend of character, modern updates, and smart investment potential.
The main level features 2 bedrooms and 1 bath, filled with timeless charm and a warm, functional layout. Below, the garden-level apartment is fully finished and ideal as owner’s quarters or a rental unit—perfect for long-term tenants, multi-generational living, or a short-term rental. This self-contained unit includes its own washer, dryer, refrigerator, and range/oven, giving you two complete living spaces under one roof.
Recent upgrades and highlights include:
Maintenance-free stucco siding
Updated vinyl windows
Newer roof
Furnace (only 4 years old)
Sprinkler system
RV parking + off-street parking
Beautiful landscaping with mature trees, including your own maple
Enjoy peaceful mornings or golden sunsets from your porch while taking in the panoramic mountain views. This is more than just a home—it's a turnkey investment opportunity in a prime location, with strong rental potential and easy access to shopping, dining, schools, and downtown.
Whether you’re an investor looking to expand your portfolio or a buyer seeking a multi-use property with income flexibility, this vintage gem is ready for its next chapter.
Schedule your private tour today—properties like this don’t come along often!
Listing Agent
Coldwell Banker 1st Choice Realty Brokerage Email: bernie@sroshek.com,719-687-1531 License #001325110 Listed on: 07/09/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,556
Year Built
- Built in 1945
Lot Details
- 7,405 Sq Ft Lot
Home Design
- Duplex
- Composition Roof
- Stucco
Interior Spaces
- 2-Story Property
- Ceiling Fan
- Family Room with Fireplace
- 2 Fireplaces
- Laundry on main level
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Finished Basement
- Fireplace in Basement
- Laundry in Basement
Parking
- 3 Parking Spaces
- Gravel Driveway
Schools
- Academy For Advanced And Creative Learning Elementary And Middle School
- Community Prep Charter High School
Utilities
- No Cooling
- Forced Air Heating System
- Natural Gas Connected
Community Details
- No Home Owners Association
- Grand View Subdivision
Listing and Financial Details
- Assessor Parcel Number 6409303008
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $1,149 | $25,290 | -- | -- |
| 2024 | $671 | $25,080 | $3,430 | $21,650 |
| 2022 | $520 | $16,240 | $2,490 | $13,750 |
| 2021 | $586 | $17,080 | $2,620 | $14,460 |
| 2020 | $466 | $13,750 | $2,290 | $11,460 |
| 2019 | $464 | $13,750 | $2,290 | $11,460 |
| 2018 | $398 | $10,850 | $1,510 | $9,340 |
| 2017 | $377 | $10,850 | $1,510 | $9,340 |
| 2016 | $301 | $10,390 | $1,670 | $8,720 |
| 2015 | $300 | $10,390 | $1,670 | $8,720 |
| 2014 | $289 | $9,620 | $1,670 | $7,950 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/09/2025 07/09/25 | For Sale | $425,000 | -- | $499 / Sq Ft |
Source: REcolorado®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Empire Title Of Co Springs | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | North American Title | |
| Interfamily Deed Transfer | -- | Stewart Title | |
| Warranty Deed | $92,000 | Stewart Title | |
| Interfamily Deed Transfer | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $84,500 | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $64,900 | -- | |
| Deed | -- | -- | |
| Deed | $37,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $60,800 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $130,717 | FHA | |
| Closed | $130,717 | FHA | |
| Closed | $135,000 | Commercial | |
| Closed | $33,000 | Commercial | |
| Closed | $64,400 | Commercial | |
| Previous Owner | $84,150 | FHA |
Source: Public Records
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