$585,000

Estimated payment $3,229/month

Total Views 3,233
7 Beds
3 Baths
2,852 Sq Ft
$205 Price per Sq Ft

Highlights

  • No HOA
  • 1-Story Property
  • Partially Fenced Property
  • Tile Flooring
  • Forced Air Heating System

About This Home

This recently refreshed triplex is walking distance to Prospect Lake, and just a few short minutes to Downtown Colorado Springs! Fresh exterior paint, and new carpet and paint in the front unit, and a very well maintained and deep cleaned upstairs back unit means two units are ready to be rented out immediately to maximize cash flow! The downstairs unit has been rented for years, and has a lease that runs through May of 2026, so this property also provides immediate and stable income from Day 1. This would make a great property for investors to choose two new tenants, and increase the rent, or for a house-hacker to live in one unit and collect rent from the other two! Other improvements include an electric panel upgrade in 2012, replacement of every window with vinyl in 2012 (with a lifetime warranty), replacement of both furnaces in 2013, a new water heater in 2015, and the kitchen and bathroom in the basement unit were updated in 2019! All of which to say, this house should be pretty trouble free for a long time! The window warranty is provided by a local company I can't name, but it's a lot like a universe of windows, a globe of windows...a WORLD of windows, if you will! And it is transferable!

Listing Agent

Patrick Manchester

Manchester Properties, LLC Brokerage Email: patrick@manchesterpropertiesLLC.com,719-338-3203 License #100030556 Listed on: 10/27/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,865

Year Built

  • Built in 1954 | Remodeled

Lot Details

  • 8,085 Sq Ft Lot
  • Partially Fenced Property

Parking

  • 2 Parking Spaces

Home Design

  • Triplex
  • Frame Construction
  • Membrane Roofing

Interior Spaces

  • 1-Story Property
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Flooring

  • Carpet
  • Linoleum
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Schools

  • Hunt Elementary School
  • North Middle School
  • Palmer High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Natural Gas Connected

Community Details

  • No Home Owners Association
  • Prospect Lake Subdivision

Listing and Financial Details

  • Exclusions: Tenants personal property.
  • Property held in a trust
  • Assessor Parcel Number 64201-06-008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,865

Year Built

Built in 1954 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Structure Type: Triplex
  • Levels: One
  • Year Built: 1954
  • Above Grade Finished Sq Ft: 1454
  • Below Grade Sq Ft: 56
  • Exclusions: Tenants personal property.
  • Living Area: 2852
  • Property Condition: Updated/Remodeled
  • Directions: From Fountain Blvd, head north on Foote Ave, Property is on the left.
  • SubdivisionName: Prospect Lake
  • Ownership: Corporation/Trust
  • Property Attached Yn: No
  • REC_RVSpaces: 0
  • Special Features: None

Interior Features

  • Flooring: Carpet, Linoleum, Tile
  • Basement: Full
  • Basement: Yes
  • Total Bedrooms: 7
  • Below Grade Sq Ft: 1398

Exterior Features

  • Roof: Membrane
  • Construction Materials: Frame

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 2
  • Unit Numberof Parking Per Unit: 2

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air
  • Water Source: Public
  • Laundry Features: In Unit

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Schools

  • Middle Or Junior School: North

Lot Info

  • Parcel Number: 64201-06-008
  • Lot Size Acres: 0.19
  • Fencing: Partial
  • Building Area Total: 2908
  • Lot Size Sq Ft: 8085

Rental Info

  • Owner Pays: Electricity, Gas, Water

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 1865

MLS Schools

  • Elementary School: Hunt
  • High School: Palmer

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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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 $1,865 $37,720 -- --
2024 $1,747 $38,010 $3,510 $34,500
2022 $1,293 $23,100 $3,180 $19,920
2021 $1,433 $24,290 $3,350 $20,940
2020 $1,300 $19,150 $2,570 $16,580
2019 $1,293 $19,150 $2,570 $16,580
2018 $1,042 $14,200 $1,940 $12,260
2017 $987 $14,200 $1,940 $12,260
2016 $805 $13,880 $1,790 $12,090
2015 $802 $13,880 $1,790 $12,090
2014 $773 $12,850 $1,670 $11,180
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2025 10/27/25 For Sale $585,000 -- $201 / Sq Ft
Source: REcolorado®

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Personal Reps Deed $155,000 Unified Title Company
Warranty Deed $185,000 North American Title Company
Interfamily Deed Transfer -- First American
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $151,070 FHA
Source: Public Records

Source: REcolorado®

MLS Number: 6924537

REcolorado®

APN: 64201-06-008