940 S Sierra Madre St Colorado Springs, CO 80903
Downtown Colorado Springs NeighborhoodEstimated payment $1,766/month
Total Views
1,763
4
Beds
2
Baths
1,568
Sq Ft
$191
Price per Sq Ft
About This Home
Fantastic opportunity for both owner-occupants and investors alike! This well-situated duplex sits just outside downtown on a generously sized lot with ample off-street parking. One unit is already rented, providing instant income from day one, while the second unit offers the option to live in or rent out for additional cash flow.
With downtown’s continued growth, you’ll enjoy convenient access to new restaurants, Switchbacks Stadium, and quick connections to I-25 for easy travel north or south. In today’s challenging housing market, this property delivers a rare and affordable living solution with built-in investment potential.
Listing Agent
Muldoon Associates Inc Brokerage Phone: (719) 591-8332 Listed on: 08/08/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,580
Year Built
- Built in 1954
Lot Details
- 10,001 Sq Ft Lot
Parking
- 1 Parking Space
Home Design
- Duplex
- Shingle Roof
Interior Spaces
- 1,568 Sq Ft Home
- Crawl Space
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Phone Available
Community Details
- 2 Units
Map
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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 | $688 | $18,340 | -- | -- |
| 2024 | $582 | $16,760 | $3,160 | $13,600 |
| 2022 | $510 | $9,110 | $2,860 | $6,250 |
| 2021 | $565 | $9,580 | $3,010 | $6,570 |
| 2020 | $842 | $8,350 | $2,320 | $6,030 |
| 2019 | $564 | $8,350 | $2,320 | $6,030 |
| 2018 | $539 | $7,350 | $1,940 | $5,410 |
| 2017 | $511 | $7,350 | $1,940 | $5,410 |
| 2016 | $387 | $6,670 | $1,430 | $5,240 |
| 2015 | $385 | $6,670 | $1,430 | $5,240 |
| 2014 | $379 | $6,300 | $1,340 | $4,960 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | For Sale | $299,900 | -- | $191 / Sq Ft |
Source: Pikes Peak REALTOR® Services
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | First American | |
| Warranty Deed | $15,000 | Security Title | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $250,000 | Credit Line Revolving | |
| Closed | $68,066 | Commercial | |
| Closed | $65,250 | Commercial |
Source: Public Records
Similar Homes in Colorado Springs, CO
-
$310,000
- 3 Beds
- 2 Baths
- 1,742 Sq Ft
- 203 University Dr
- Colorado Springs, CO
This duplex is house-hack ready! Move into one unit and rent out the other or purchase as an investment for long term cash flow. This duplex is top/bottom living with some beautiful touches in one unit and the other provides an opportunity to remodel for forced appreciation and future built in equity into the property. Centrally located in town means it's close to major shopping centers and
Colin Smith Solid Rock Realty
Source: Pikes Peak REALTOR® Services
MLS Number: 4977018
APN: 64192-06-031
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