117 & 125 S Limit St Colorado Springs, CO 80905
Westside NeighborhoodEstimated payment $3,164/month
Total Views
20
--
Bed
--
Bath
2,524
Sq Ft
$218
Price per Sq Ft
Highlights
- Forced Air Heating System
- Back and Front Yard Fenced
- Wood Siding
About This Home
Rare duplex investment opportunity with commercial flexibility! Located at 117 and 125 S Limit Street, this unique property features two separate single-family homes situated on an oversized, high-visibility lot zoned C-5, offering incredible potential for investors, owner-occupants, or small business owners. The C-5 zoning allows for mixed-use, live/work setups, retail, office space, or traditional rental income. Each home has its own private entrance, laundry area, partial basement, and updated mechanicals including newer furnaces, water heaters, and roofs. Unit 117 is a true 2-bedroom, 1-bath layout, while Unit 125 offers 3 non-conforming bedrooms used as sleeping areas, along with 1 bath. Both units include gas hookups and 220V connections, adding extra flexibility. The property also includes a detached 1-car garage, partial fencing, and ample off-street parking—ideal for tenant convenience or customer access. Located just minutes from downtown Colorado Springs and within walking distance to restaurants, shops, and nightlife, this property is positioned in a high-traffic area perfect for maximizing visibility and income potential. Don’t miss this one-of-a-kind opportunity to own two homes on a commercially zoned lot in a central location with endless possibilities.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,022
Year Built
- Built in 1889
Lot Details
- 6,530 Sq Ft Lot
- Back and Front Yard Fenced
Parking
- 4 Parking Spaces
Home Design
- Duplex
- Shingle Roof
- Wood Siding
Interior Spaces
- 2,524 Sq Ft Home
- Partial Basement
Kitchen
- Oven
- Microwave
- Dishwasher
- Disposal
Laundry
- Dryer
- Washer
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- 220 Volts in Kitchen
Community Details
- 2 Units
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 |
|---|---|---|---|---|
| 2024 | $912 | $22,770 | $4,290 | $18,480 |
| 2022 | $854 | $15,260 | $2,970 | $12,290 |
| 2021 | $926 | $15,700 | $3,060 | $12,640 |
| 2020 | $926 | $13,650 | $2,600 | $11,050 |
| 2019 | $921 | $13,650 | $2,600 | $11,050 |
| 2018 | $803 | $10,940 | $2,400 | $8,540 |
| 2017 | $760 | $10,940 | $2,400 | $8,540 |
| 2016 | $618 | $10,660 | $2,650 | $8,010 |
| 2015 | $616 | $10,660 | $2,650 | $8,010 |
| 2014 | $589 | $9,780 | $2,390 | $7,390 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/22/2025 05/22/25 | For Sale | $550,000 | -- | $218 / Sq Ft |
Source: Pikes Peak REALTOR® Services
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
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-
$423,900
- 3 Beds
- 2 Baths
- 1,400 Sq Ft
- 1113 E Cimarron St
- Colorado Springs, CO
The 2 bedroom unit is leased thru March 2026 and the 1 BR is Leased Thru August 2025. This Duplex in Prospect neighborhood near Memorial Park and Prospect Lake. Desirable location convenient to downtown and the new Switchback Stadium! Each unit has a washer / dryer. Nicely finished with Granite, linoleum, Tile, Vinyl, carpet and nice appliances for your tenants.
Michael Tilley Tradewind Real Estate LLC
Source: Pikes Peak REALTOR® Services
MLS Number: 1576023
APN: 74131-29-012
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