Residential Income · Active
Colorado Springs, CO 80904
11 Beds · 9 Baths · 3,212 Sq Ft
$1,600,000
Multi Family
Property Type
0.65 acres
Lot Size
1920
Year Built
$498
Price per Sq Ft
15
Parking Spaces
2901643
MLS #
About This Property
Charm, history, and an unbeatable location come together in this exceptional Westside investment opportunity bordering Manitou Springs. Set against the backdrop of Pikes Peak, this unique income-producing property spans four parcels zoned R-2 and features nine residential units, including a beautifully restored historic 2-bedroom, 1-bath Craftsman home, a newer 2-bedroom, 1-bath two-story cottage, four 1-bedroom cottages, and three studio cottages. Currently operating as a successful combination of long-term and short-term rentals, this property offers exceptional flexibility for investors and future owners. Continue operating as an income-producing rental portfolio (buyer to verify all licensing requirements), create a private family compound with rental income, establish a corporate or church retreat, or explore future redevelopment opportunities.
One parcel includes grandfathered rights for an additional dwelling, creating even greater long-term potential. The setting is truly one of a kind. Directly across the street, horseback riders from the neighboring riding stable pass by daily, creating the feeling of a mountain retreat while being just minutes from Old Colorado City, Garden of the Gods, Manitou Springs, downtown Colorado Springs, shopping, dining, hiking and biking trails, schools, and convenient access to I-25. The property features mature trees, charming cottages, inviting outdoor gathering areas, and assigned parking throughout the complex.
Each unit has been updated while preserving the character and charm that make this property so appealing to tenants and guests alike. With multiple income streams, an irreplaceable location, flexible zoning, and future development potential, opportunities like this rarely become available on Colorado Springs' highly sought-after Westside. Financial information is available upon request with a signed confidentiality agreement.
98 days on market
Listed by Scott Coddington · Pulse Real Estate Group LLC · 719-399-0000
Property Details
| Property Type | Residential Income |
| Sub Type | Multi Family |
| Status | Active |
| Price per Sq Ft | $498 |
| MLS # | 2901643 |
| Days on Market | 98 |
| Bedrooms | 11 |
| Year Built | 1920 |
| Lot Size (Sq Ft) | 28,496 |
| Acres | 0.6542 |
| Annual Taxes | $1,584 |
| Tax Year | 2025 |
| State | CO |
| County | El Paso |
| Heating | Baseboard, Electric, Forced Air, Hot Water, Natural Gas, Radiant |
| Cooling | Ceiling Fan(s), None, Wall Unit(s) |
| Appliances | Dishwasher, Microwave, Oven, Range, Refrigerator |
| Total Parking | 15 |
| Roof | Composite Shingle |
| Basement | Crawl Space |
| Construction | Stucco, Wood Siding, Frame |
| Sewer | Sewer |
| Water Source | Public |
| New Construction | No |
| Listing Terms | Cash, Conventional, VA Loan |
Location
Price History
| Date | Event | Price |
|---|---|---|
| 9/4/2026 |
Price change Source: elevateMLS #2901643 |
$1,600,000 -10.9% $498/sqft |
| 7/20/2026 |
Listed for sale Source: elevateMLS #2901643 |
$1,795,000 +12.2% $559/sqft |
| 7/19/2026 |
Listed for sale Source: REcolorado® #8640606 |
$1,600,000 $498/sqft |
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