1214 - 1216 N Wahsatch Ave Colorado Springs, CO 80903
Old North End NeighborhoodEstimated payment $4,237/month
Total Views
2,593
4
Beds
3
Baths
2,798
Sq Ft
$268
Price per Sq Ft
Highlights
- The property is located in a historic district
- Deck
- Wood Flooring
- Open Floorplan
- Property is near public transit
- 5-minute walk to Patty Jewett Junction Playground
About This Home
TWO HOMES INCLUDED! LIVE IN ONE - RENT THE OTHER OR RENT BOTH FOR A STEADY INCOME! Incredible investor or owner-occupant opportunity in the heart of Colorado Springs Old North End. This legally zoned R-2 single family home with cottage features a fully rented main house leased at $3,000/month through June 2027, and a detached 1 bedroom cottage currently rented at $1,740/month through September 2025 or earlier. When the cottage lease ends, the new owner can either continue renting to college students at premium rates—or live in the cottage and let the front unit's $3,000/month rent cover a significant portion of the mortgage. With separate gas, electric, and water meters for each unit, plus tenant-paid utilities and a landlord-billed trash arrangement, this property offers efficient, predictable cash flow. Recent upgrades include new appliances and forced air heating + central A/C in the main house. A detached three-car garage provides alley access and offers future income potential as premium parking or storage rentals. Both units share access to basement laundry and storage. Located just blocks from Colorado College and downtown, this property benefits from steady year-round rental demand and strong tenant retention. With gross annual rents of $56,880, separately metered utilities, and low property taxes (~$1,900/year), this turnkey asset is ideal for long-term hold, 1031 exchange, or live-in investment. Zoned R-2 in a historic district (no HOA), this is a rare chance to own a flexible, high-performing asset in one of Colorado Springs most desirable neighborhoods.
Listing Agent
Colorado Realty 4 Less, LLC Brokerage Email: KathyHaas@coloradorealty4less.com,970-531-7448 License #100087561 Listed on: 08/01/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,972
Year Built
- Built in 1910 | Remodeled
Lot Details
- 9,500 Sq Ft Lot
- Level Lot
- Front Yard Sprinklers
- Many Trees
- Private Yard
- Garden
- Property is zoned R-2
Parking
- 3 Car Garage
Home Design
- Frame Construction
- Composition Roof
Interior Spaces
- 2,798 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Family Room with Fireplace
- Living Room
- Dining Room
- Home Office
- Wood Flooring
- Laundry Room
Kitchen
- Eat-In Kitchen
- Oven
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms | 3 Main Level Bedrooms
Basement
- Partial Basement
- Interior and Exterior Basement Entry
- Bedroom in Basement
- 1 Bedroom in Basement
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Deck
- Patio
Location
- Property is near public transit
- The property is located in a historic district
Schools
- Steele Elementary School
- North Middle School
- Palmer High School
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Connected
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- Hallowells Subdivision
Listing and Financial Details
- Exclusions: Renter furniture and personal property
- Assessor Parcel Number 64071-09-015
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 | $2,343 | $36,700 | -- | -- |
| 2024 | $2,219 | $46,640 | $5,030 | $41,610 |
| 2022 | $1,879 | $33,570 | $4,170 | $29,400 |
| 2021 | $2,039 | $34,550 | $4,290 | $30,260 |
| 2020 | $1,996 | $29,410 | $3,580 | $25,830 |
| 2019 | $1,985 | $29,410 | $3,580 | $25,830 |
| 2018 | $1,886 | $25,700 | $2,740 | $22,960 |
| 2017 | $1,786 | $25,700 | $2,740 | $22,960 |
| 2016 | $1,413 | $24,380 | $2,440 | $21,940 |
| 2015 | $1,408 | $24,380 | $2,440 | $21,940 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/01/2025 08/01/25 | For Sale | $749,000 | -- | $268 / Sq Ft |
Source: REcolorado®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Empire Title Co Springs Llc | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $330,000 | -- | |
| Warranty Deed | $172,900 | Stewart Title | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $51,000 | Credit Line Revolving | |
| Open | $480,000 | New Conventional | |
| Previous Owner | $297,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $33,000 | Unknown | |
| Previous Owner | $134,000 | Stand Alone Second | |
| Previous Owner | $182,563 | Unknown | |
| Previous Owner | $17,250 | Credit Line Revolving | |
| Previous Owner | $155,610 | Seller Take Back |
Source: Public Records
Similar Homes in Colorado Springs, CO
Source: REcolorado®
MLS Number: 2995847
APN: 64071-09-015
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