$550,000

Estimated payment $3,033/month

Total Views 10,230
5 Beds
4 Baths
2,181 Sq Ft
$252 Price per Sq Ft

About This Home

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 adds additional rental potential. With close proximity to shopping, dining, and open spaces, this property offers convenience and strong income-generating opportunities in a highly desirable location. Whether you're an investor looking for steady returns or a buyer seeking a multi-unit property, this is a must-see! Schedule your showing today!

Listing Agent

Sly Martinez

Keller Williams Partners Brokerage Phone: 719-955-1999 Listed on: 02/25/2025

Keller Williams Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,222

Year Built

  • Built in 1895

Lot Details

  • 5,001 Sq Ft Lot
  • Back Yard Fenced

Home Design

  • Quadruplex
  • Stucco

Interior Spaces

  • 2,181 Sq Ft Home
  • Ceiling Fan
  • Crawl Space
  • Microwave
  • Electric Dryer Hookup

Utilities

  • Baseboard Heating

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,222

Year Built

Built in 1895

Lot Details

0

Listing Details

  • LaundryFacilites: Electric Hook-up
  • Property Sub Type: Fourplex
  • Prop. Type: Income
  • Year Built: 1895
  • Attribution Contact: 719-955-1999
  • UnitTotalSQFT: 2181
  • Special Features: None

Interior Features

  • Alley: None
  • Appliances: Microwave Oven, Range, Refrigerator
  • Fireplace Type: None

Exterior Features

  • New Construction: Existing
  • Fence: Rear
  • Foundation Details: Crawl Space
  • Exterior Construction: Stucco
  • Structure: Frame

Garage/Parking

  • ListingUnits_1_NumGarage: 0
  • ListingUnits_2_NumGarage: 0
  • ListingUnits_3_NumGarage: 0
  • ListingUnits_4_NumGarage: 0

Utilities

  • Cooling: Ceiling Fan(s)
  • Heating: Baseboard
  • Utilities: Cable Connected, Natural Gas Connected
  • Hot Water: Municipal

Schools

  • School District: Colorado Springs 11
  • School District: Colorado Springs 11

Lot Info

  • Program Acres Total: 0.1148
  • Lot Size: 5000.0000

Tax Info

  • Flip Tax Amount: 1222.50
  • Tax Year: 2023

Multi Family

  • Unit Count: 4

Map

Range of Values:

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ICE

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Average Value
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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 $1,335 $29,150 -- --
2024 $1,223 $28,460 $5,030 $23,430
2022 $1,031 $18,430 $4,170 $14,260
2021 $1,119 $18,960 $4,290 $14,670
2020 $1,101 $16,220 $3,580 $12,640
2019 $1,095 $16,220 $3,580 $12,640
2018 $1,046 $14,250 $2,740 $11,510
2017 $990 $14,250 $2,740 $11,510
2016 $780 $13,460 $2,440 $11,020
2015 $777 $13,460 $2,440 $11,020
2014 $744 $12,370 $2,440 $9,930
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2025 07/28/25 Price Changed $550,000 -0.9% $252 / Sq Ft
06/25/2025 06/25/25 Price Changed $555,000 -0.9% $254 / Sq Ft
04/18/2025 04/18/25 Price Changed $560,000 -6.7% $257 / Sq Ft
02/25/2025 02/25/25 For Sale $600,000 -- $275 / Sq Ft
Source: Pikes Peak REALTOR® Services

Purchase History

Date Type Sale Price Title Company
Personal Reps Deed $367,900 None Available
Warranty Deed $120,000 Heritage Title
Warranty Deed $158,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $390,000 Future Advance Clause Open End Mortgage
Previous Owner $140,307 VA
Previous Owner $122,580 VA
Previous Owner $149,800 Fannie Mae Freddie Mac
Previous Owner $42,800 Stand Alone Second
Previous Owner $124,800 Unknown
Previous Owner $150,000 Unknown
Closed $25,300 No Value Available
Source: Public Records

Source: Pikes Peak REALTOR® Services

MLS Number: 9519541

Pikes Peak REALTOR® Services

APN: 64074-20-023