Residential · Active

411 Olive Street

Colorado Springs, CO 80904

4 Beds · 2 Baths · 1,521 Sq Ft

$629,000

Single Family

Property Type

0.12 acres

Lot Size

1948

Year Built

$414

Price per Sq Ft

1712550

MLS #

About This Property

An exceptional opportunity for investors, house hackers, first-time buyers, or anyone looking for a home that can help offset the cost of ownership! Located in Colorado Springs' desirable Westside, this unique property is currently operating as a short-term and mid-term rental and is configured as two separate living spaces. The main level features 2 bedrooms, a full bathroom, comfortable living space, updated kitchen with stone countertops, laundry, and access to the covered deck and backyard. Downstairs, the fully finished walkout basement offers 2 additional bedrooms, a 3/4 bathroom, second kitchen, living room, laundry, and separate exterior access—creating excellent flexibility for guests, extended family, or continued rental use.

For buyers looking to get into homeownership, the layout creates a compelling option to live in one portion of the home while renting the other to generate additional income and potentially offset monthly housing expenses. Investors can continue utilizing both spaces as income-producing rentals, offering multiple ways to make the property work for your goals. Just minutes from historic Old Colorado City and Downtown Colorado Springs, enjoy convenient access to restaurants, local shops, breweries, galleries, entertainment, and year-round events. Garden of the Gods, Red Rock Canyon Open Space, Manitou Springs, Colorado College, and abundant outdoor recreation are also within easy reach.

Both units are currently being utilized as rentals, with stays commonly extending approximately one month at a time. A professional STR competitive analysis is available for buyers interested in exploring the property's income potential. The seller is also open to including furnishings depending on the offer. This Westside home offers a rare combination of versatility, location, and existing rental use.

53 days on market

Listed by Noah Walz & Jean-Michel Drai · Mont Haus International Realty · Noah@thelocalegroup.co,913-300-1762

Last updated: 10/15/2026 3:37 PM · Source: REcolorado®, MLS#: 1712550

Property Details

Key Details

Property Type Residential
Sub Type Single Family Residence
Status Active
Price per Sq Ft $414
Subdivision West Colorado Springs
MLS # 1712550
Days on Market 53
Bedrooms 4
Full Baths 1
Three-Quarter Baths 1

More Details

Year Built 1948
Lot Size (Sq Ft) 5,227
Acres 0.12
HOA No
Annual Taxes $1,400
State CO
County El Paso
Zoning R-2

Interior

Interior Features Built-in Features, Ceiling Fan(s), High Speed Internet, Open Floorplan, Stone Counters, Walk-In Closet(s), Jack & Jill Bath, Smoke Free
Heating Forced Air
Cooling Other
Flooring Laminate, Vinyl
Appliances Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer

Exterior & Parking

Exterior Features Fire Pit, Gas Grill, Private Yard, Rain Gutters
Parking Features Concrete
Roof Composition

Building & Lot

Basement Full, Walk-Out Access
Lot Features Corner Lot, Level, Many Trees
Levels One
Construction Frame, Stucco
Sewer Public Sewer
Water Source Public

Terms & Other

Senior Community No
Special Conditions None Known

Location

Price History

DateEventPrice
9/9/2026 Listed for sale
Source: elevateMLS #2761177
$629,000 $414/sqft
9/9/2026 Listed for sale
Source: elevateMLS #2669587
$629,000 +79.7% $414/sqft
8/28/2026 Listed for sale
Source: REcolorado® #1712550
$350,000 -44.4% $230/sqft
8/27/2026 Listed for sale
Source: REcolorado® #2193222
$629,000 +6.6% $414/sqft
7/18/2025 Sold
Source: REcolorado® #1785581
$590,000 $388/sqft
7/18/2025 Sold
Source: elevateMLS #5586043
$590,000 -0.8% $388/sqft
6/8/2025 Price change
Source: elevateMLS #5586043
$595,000 $391/sqft
3/31/2025 Listed for sale
Source: REcolorado® #1785581
$595,000 -5.6% $391/sqft
3/27/2025 Listed for sale
Source: elevateMLS #5586043
$630,000 +215.0% $414/sqft
10/27/2022 Sold
Source: elevateMLS #7502336
$200,000 -20.0% $131/sqft
9/27/2022 Price change
Source: elevateMLS #7502336
$250,000 -28.6% $164/sqft
8/21/2022 Listed for sale
Source: elevateMLS #7502336
$350,000 $230/sqft

Based on information submitted to the MLS GRID as of October 20, 2026 at 11:42 AM MDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Listing information last updated October 15, 2026 at 3:37 PM.