2228 W Colorado Ave Colorado Springs, CO 80904
Old Colorado City NeighborhoodEstimated payment $2,730/month
--
Bed
--
Bath
2,372
Sq Ft
$209
Price per Sq Ft
Highlights
- Forced Air Heating System
- Wood Siding
- 3-minute walk to Bancroft Park
About This Home
GREAT 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.
Last Listed By
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
Map
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
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 | $1,471 | $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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
|---|---|---|---|
| Open | $325,500 | New Conventional | |
| Closed | $325,500 | New Conventional | |
| Previous Owner | $144,000 | Commercial | |
| Previous Owner | $119,279 | Commercial | |
| Previous Owner | $117,000 | Commercial | |
| Previous Owner | $80,000 | Commercial | |
| Previous Owner | $75,000 | Seller Take Back |
Source: Public Records
Similar Homes in Colorado Springs, CO
-
$550,000
- 4 Beds
- 2 Baths
- 2,281 Sq Ft
- 117 & 125 S Limit St
- Colorado Springs, CO
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
Tiffany Canady Real Broker, LLC DBA Real
-
$560,000
- 4 Beds
- 4 Baths
- 1,789 Sq Ft
- 326 E Saint Vrain St
- Colorado Springs, CO
Prime Investment Opportunity in Downtown Colorado Springs! Don't miss this incredible multi-family investment property, ideally located within walking distance of Downtown Colorado Springs and near Colorado College (just a block and a half off Nevada Avenue and all the amenities Downtown has to offer). The main house features three separate units, while a charming detached cottage in the rear
Sly Martinez Keller Williams Partners Realty
-
$389,000
- 3 Beds
- 2 Baths
- 1,410 Sq Ft
- 511 E Platte Ave
- Colorado Springs, CO
Charming Duplex Just Blocks from Downtown Colorado Springs Don't miss this incredible investment opportunity or ideal owner-occupant duplex located just minutes from the heart of Downtown Colorado Springs! This well-maintained property offers two separate units, each with private entrances and great potential. The main level unit features 2 spacious bedrooms, 1 full bathroom, and an updated
Shawn Keehn Coldwell Banker 1st Choice Realty
-
$575,000
- 3 Beds
- 3 Baths
- 1,435 Sq Ft
- 225 N Cedar St
- Colorado Springs, CO
Run, don’t walk - Exceptional Opportunity in the heart of Downtown! This home features an entrance with a custom wood deck. The main floor kitchen is equipped with new appliances, granite countertops, and updated cabinets. Newer LVP flooring extends throughout the main floor. Laundry facilities are conveniently located on the main floor. A spacious main level bedroom provides walk-out access to a
Brian Boals RE/MAX Real Estate Group Inc
-
$525,000
- 4 Beds
- 3 Baths
- 2,392 Sq Ft
- 1325 Darby St
- Colorado Springs, CO
**Fantastic Income Property in Prime Colorado Springs Location** Opportunity knocks with this well-maintained duplex in Colorado Springs, offering excellent income potential or the perfect setup for multi-generational living! Each side of the property features 2 bedrooms, with one unit offering 1 full bathroom and the other unit offering 2 bathrooms—ideal for flexible living or rental
Leslie Wilson New Padd LLC
-
$575,000
- 6 Beds
- 2 Baths
- 3,087 Sq Ft
- 533 E Brookside St
- Colorado Springs, CO
Beautifully maintained Duplex (historic home) in the Ivywild school area. Walking distance to numerous restaurants, groceries, and shopping. The property is fully furnished with a non-owner occupied short term rental permit. There are tenants in both units. Upstairs/ larger unit is currently on a medium-term lease. Lower unit is a travelling professional on month to month lease. Good rental
Austin Collins Venterra Real Estate LLC
Source: Pikes Peak REALTOR® Services
MLS Number: 8613674
APN: 74114-12-012
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.
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.
Nearby Homes
- 2315 W Kiowa St
- 2223 W Cucharras St
- 2226 W Kiowa St
- 2119 W Pikes Peak Ave
- 2112 W Pikes Peak Ave
- 115 N 24th St
- 2416 W Vermijo Ave
- 2015 W Bijou St
- 2005 W Colorado Ave
- 2601 W Pikes Peak Ave
- 1907 W Pikes Peak Ave
- 2535 W Bijou St
- 207 N 20th St
- 232 Crown High Ct
- 227 Crown High Ct
- 1351 Mirrillion Heights
- 1807 W Colorado Ave
- 2324 W Willamette Ave
- 2242 Stepping Stones Way Unit 10
- 2380 Stepping Stones Way