225 N Cedar St Colorado Springs, CO 80903
Hillside/East Lake NeighborhoodEstimated payment $3,024/month
Highlights
- Forced Air Heating System
- Ceiling Fan
- Laundry Facilities
About This Home
Are you looking for separate living for a college student, mother-in-law suite, multi-family, renter, and/or business? This home is ready for you! Exceptional Opportunity in the heart of Downtown! Gorgeous home with additional dwelling unit in basement! 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 private wood deck in the backyard. The expansive master bedroom boasts two closets, LVP flooring, an adjoining master bathroom, built-ins, a seating area, and a skylight. Enjoy the stunning Pikes Peak view from the upstairs window. The basement apartment features brand new carpet and a new 3⁄4 bathroom. Garden level windows provide ample natural light. The separate entrance for the basement unit makes it ideal for owner-occupancy with potential rental income from the second unit. There is also a large storage room in the basement. The backyard is designed for low maintenance with xeriscaping. Additional features include RV parking and alley access to the garage. Don’t miss this outstanding investment opportunity in the heart of downtown – walking distance or a short bike ride away from restaurants, coffee shops and all the vibrant city activities.
*Great income potential! *Turn key property ready for you and/or tenants! *If you're looking for cash flow, here it is! *Great multigenerational family opportunity! *If you want a tenant to offset your mortgage, this is a great option! *Pikes Peak views! *Low maintenance yard! *A few blocks to great coffee shops!*
Listing Agent
RE/MAX Real Estate Group LLC Brokerage Phone: 719-534-7900 Listed on: 04/04/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,431
Year Built
- Built in 1901
Lot Details
- 6,251 Sq Ft Lot
- Back Yard Fenced
Parking
- 2 Parking Spaces
Home Design
- Duplex
- Shingle Roof
- Stucco
Interior Spaces
- 2,275 Sq Ft Home
- Ceiling Fan
- Partial Basement
Kitchen
- Oven
- Microwave
- Dishwasher
Laundry
- Dryer
- Washer
Utilities
- Cooling System Mounted In Outer Wall Opening
- Forced Air Heating System
Community Details
- 2 Units
- Laundry Facilities
Map
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 | $1,431 | $30,450 | -- | -- |
| 2024 | $1,317 | $30,180 | $3,900 | $26,280 |
| 2023 | $1,317 | $30,180 | $3,900 | $26,280 |
| 2022 | $979 | $17,490 | $3,610 | $13,880 |
| 2021 | $1,062 | $17,990 | $3,720 | $14,270 |
| 2020 | $1,032 | $15,210 | $2,860 | $12,350 |
| 2019 | $1,027 | $15,210 | $2,860 | $12,350 |
| 2018 | $930 | $12,670 | $2,160 | $10,510 |
| 2017 | $765 | $11,010 | $2,160 | $8,850 |
| 2016 | $706 | $12,170 | $1,990 | $10,180 |
| 2015 | $703 | $12,170 | $1,990 | $10,180 |
| 2014 | -- | $11,060 | $1,910 | $9,150 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/18/2025 09/18/25 | For Sale | $550,000 | 0.0% | $383 / Sq Ft |
| 09/10/2025 09/10/25 | Pending | -- | -- | -- |
| 08/05/2025 08/05/25 | Price Changed | $550,000 | -4.3% | $383 / Sq Ft |
| 04/04/2025 04/04/25 | For Sale | $575,000 | +36.6% | $401 / Sq Ft |
| 04/12/2024 04/12/24 | Sold | $421,000 | 0.0% | $293 / Sq Ft |
| 04/12/2024 04/12/24 | Sold | $421,000 | -6.2% | $293 / Sq Ft |
| 02/28/2024 02/28/24 | Pending | -- | -- | -- |
| 02/23/2024 02/23/24 | Price Changed | $449,000 | 0.0% | $313 / Sq Ft |
| 02/23/2024 02/23/24 | Price Changed | $449,000 | -5.5% | $313 / Sq Ft |
| 01/24/2024 01/24/24 | For Sale | $475,000 | 0.0% | $331 / Sq Ft |
| 01/24/2024 01/24/24 | Price Changed | $475,000 | -4.8% | $331 / Sq Ft |
| 01/08/2024 01/08/24 | For Sale | $499,000 | 0.0% | $348 / Sq Ft |
| 12/20/2023 12/20/23 | Pending | -- | -- | -- |
| 11/28/2023 11/28/23 | For Sale | $499,000 | -- | $348 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $421,000 | Land Title Guarantee Company | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $239,900 | Legacy Title Group Llc | |
| Interfamily Deed Transfer | $149,900 | Commonwealth Title | |
| Warranty Deed | $111,000 | Security Title | |
| Interfamily Deed Transfer | -- | Unified Title | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $315,750 | New Conventional | |
| Previous Owner | $212,055 | VA | |
| Previous Owner | $231,069 | VA | |
| Previous Owner | $167,500 | Unknown | |
| Previous Owner | $137,100 | New Conventional | |
| Previous Owner | $103,500 | Unknown | |
| Previous Owner | $63,000 | Unknown | |
| Previous Owner | $67,500 | Unknown |
Source: Pikes Peak REALTOR® Services
MLS Number: 8767046
APN: 64172-11-010
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