Residential Income · Active
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
Property Details
| Property Type | Residential Income |
| Sub Type | Multi Family |
| Status | Active |
| MLS # | 3559371 |
| Days on Market | 144 |
| Bedrooms | 5 |
| Year Built | 1898 |
| Lot Size (Sq Ft) | 3,600 |
| Acres | 0.0826 |
| Annual Taxes | $1,058 |
| Tax Year | 2025 |
| State | CO |
| County | El Paso |
| Heating | Baseboard, Electric, Natural Gas |
| Cooling | None |
| Appliances | Oven, Refrigerator |
| Sewer | Sewer |
| Water Source | Public |
| New Construction | No |
| Listing Terms | Cash, Conventional |
Location
Price History
| Date | Event | Price |
|---|---|---|
| 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 |
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