$475,000

2228 W Colorado Ave Colorado Springs, CO 80904

Old Colorado City Neighborhood

Estimated payment $2,594/month

Total Views 7,328
5 Beds
3 Baths
2,372 Sq Ft
$200 Price per Sq Ft

Highlights

  • Forced Air Heating System
  • Wood Siding
  • 3-minute walk to Bancroft Park

About This Home

INVESTMENT, OWNER USER OR COMMERCIAL PROPERTY IN THE HEART OF OLD COLORADO CITY- Recently updated (including a new sewer line)with lots of extra parking-Walking distance to shopping, restaurants, worship centers, schools, and parks- Front and Back units are currently rented- VERY VERSATILE OPTIONS FOR RESIDENTIAL OR COMMERCIAL USE. This property is ZONED C-5 and can be used for commercial use as in the past-Definitely upside potential for rents - *NOTE* 3rd bedroom in unit one does not have a closet. *NOTE*THIS COULD BE A BEAUTIFUL OWNER OCCUPIED SINGLE FAMILY HOME AS IN THE PAST AND PERFECT FOR MULTIGENERATIONAL LIVING SINCE THE FRONT AND BACK UNITS ONLY HAVE A SEALED DOOR FOR SEPARATION. BOTH UNITS HAVE BEEN PARTIALLY REMODELED. ALSO IDEAL FOR A VRBO IN FRONT UNIT( WALKING DISTANCE TO OCC WOULD BE IDEAL FOR SUMMER TOURISTS) AND HAVE FIXED INCOME IN REAR UNIT. Call listing brokers for further details.

Listing Agent

Brent Demos

Demos Real Estate and Investments Brokerage Phone: 719-338-8110 Listed on: 05/28/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,238

Year Built

  • Built in 1941

Lot Details

  • 4,561 Sq Ft Lot

Parking

  • 3 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,372 Sq Ft Home
  • Basement Fills Entire Space Under The House

Laundry

  • Dryer
  • Washer

Utilities

  • No Cooling
  • Forced Air Heating System
  • Phone Available

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,238

Year Built

Built in 1941

Lot Details

0

Listing Details

  • LaundryFacilites: Electric Hook-up
  • Property Sub Type: Duplex
  • Prop. Type: Income
  • Year Built: 1941
  • Attribution Contact: 719-338-8110
  • UnitTotalSQFT: 2372
  • Special Features: None

Interior Features

  • Appliances: Dryer, Range, Refrigerator, Washer
  • Fireplace Type: None

Exterior Features

  • New Construction: Existing
  • Foundation Details: Full Basement
  • Roof: Composite Shingle
  • Exterior Construction: Wood
  • Structure: Concrete, Frame

Garage/Parking

  • ParkingSpacesNumberOf: 3
  • ListingUnits_1_NumGarage: 1
  • ListingUnits_2_NumGarage: 0

Utilities

  • Cooling: None
  • Heating: Forced Air
  • Utilities: Cable Available, Electricity Connected, Telephone
  • Hot Water: Assoc/Distr

Schools

  • School District: Colorado Springs 11

Lot Info

  • Program Acres Total: 0.1047
  • Lot Size: 4560.0000

Tax Info

  • Flip Tax Amount: 1237.79
  • Tax Year: 2022

Multi Family

  • Unit Count: 2

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $1,587 $31,810 -- --
2024 $1,471 $32,990 $5,160 $27,830
2022 $1,238 $22,120 $3,490 $18,630
2021 $1,373 $23,260 $3,670 $19,590
2020 $1,372 $20,220 $3,120 $17,100
2019 $1,365 $20,220 $3,120 $17,100
2018 $1,189 $16,200 $2,880 $13,320
2017 $1,126 $16,200 $2,880 $13,320
2016 $915 $15,780 $3,180 $12,600
2015 $911 $15,780 $3,180 $12,600
2014 $871 $14,480 $2,870 $11,610
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2025 10/10/25 Price Changed $475,000 -4.0% $200 / Sq Ft
05/28/2025 05/28/25 For Sale $495,000 -- $209 / Sq Ft
Source: Pikes Peak REALTOR® Services

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Empire Title Co Springs Llc
Warranty Deed $258,000 Stewart Title Co
Warranty Deed $210,000 Stewart Title Of Colorado
Interfamily Deed Transfer -- North American Title
Warranty Deed $180,000 North American Title Company
Warranty Deed $105,000 Land Title
Quit Claim Deed -- Land Title
Quit Claim Deed -- Land Title
Personal Reps Deed -- Land Title
Personal Reps Deed $65,000 Land Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $144,000 Commercial
Previous Owner $75,000 Seller Take Back
Source: Public Records

Source: Pikes Peak REALTOR® Services

MLS Number: 8613674

Pikes Peak REALTOR® Services

APN: 74114-12-012

Colorado El Paso County Colorado Springs 80904 Old Colorado City

2228 W Colorado Ave, Colorado Springs, CO

For Sale

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Pikes Peak REALTOR® Services IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Brent Demos
Listing Agent
Brent Demos
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Demos Real Estate and Investments
(719) 575-1472