Residential Income · Active

111 W Fountain Boulevard

Colorado Springs, CO 80903

5 Beds · 3 Baths

$449,900

Multi Family

Property Type

0.08 acres

Lot Size

1898

Year Built

3559371

MLS #

About This Property

Exceptional opportunity with immediate cash flow. This fully leased income property, featuring a 4 bed 2 bath main residence, and a detached 1 bed 1 bath cottage. Both units are occupied by long term tenants, providing stable and established rental income from day one. Extensively remodeled throughout, both residences have been thoughtfully updated with modern finishes refreshed interiors, updated kitchens, remodeled bathrooms, and contemporary flooring.

Separate laundry facilities for each unit add convenience and tenant appeal, while the detached cottage offers privacy and additional income potential. The property blends classic character with modern improvements and features a fully fenced yard, mature landscaping, and ample outdoor space. Landlord currently pays water, gas, and electric. Conveniently located near downtown Colorado Springs, shopping, dining, parks, and major commuter routes, this turnkey investment presents a rare opportunity to acquire a renovated, income producing property with strong existing tenancy already in place.

144 days on market

Listed by Caleb Skelton & Jeff Skelton · Buy Smart Colorado · 719-310-8464

Last updated: 8/19/2026 4:59 PM · Source: elevateMLS, MLS#: 3559371

Property Details

Key Details

Property Type Residential Income
Sub Type Multi Family
Status Active
MLS # 3559371
Days on Market 144
Bedrooms 5

More Details

Year Built 1898
Lot Size (Sq Ft) 3,600
Acres 0.0826
Annual Taxes $1,058
Tax Year 2025
State CO
County El Paso

Interior

Heating Baseboard, Electric, Natural Gas
Cooling None
Appliances Oven, Refrigerator

Building & Lot

Sewer Sewer
Water Source Public
New Construction No

Terms & Other

Listing Terms Cash, Conventional

Location

Price History

DateEventPrice
7/5/2026 Price change
Source: elevateMLS #3559371
$449,900 -4.2%
6/9/2026 Listed for sale
Source: elevateMLS #3559371
$469,500 +80.6%
1/2/2024 Sold
Source: elevateMLS #7738196
$260,000 -14.8%
10/26/2023 Price change
Source: elevateMLS #7738196
$305,000 -6.2%
6/25/2023 Listed for sale
Source: elevateMLS #7738196
$325,000

The real estate listing information and related content displayed on this site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.

Listing information last updated August 19, 2026 at 4:59 PM.

Connect with an Agent

Preferred contact method (optional)

By selecting Text you agree to receive text messages from Mont Haus International Realty. Message & data rates may apply; frequency varies; reply STOP to opt out.