Land · Active

703 E Costilla Street

Colorado Springs, CO 80903

$399,000

Land

Property Type

0.22 acres

Lot Size

8066314

MLS #

About This Property

Located on a corner lot in downtown Colorado Springs' beautiful Hillside community, this shovel ready, urban infill apartment complex offers 10 luxury, Class A units, with amazing mountain views and immediate proximity to downtown amenities. Take advantage of this property's Opportunity Zone tax benefits, which means you pay zero capital gains taxes on the sale after building and owning the apartments for ten years. This project is ready for

builder permits, with all drawings and site variances approved and stamped by the city and tap fees already paid. As Hillside's future anchor point for urban living, all units will feature 9' interior ceilings, 8 tuck-under covered parking spots, 8 storage units, 8 bike storage units, a dedicated dog wash, and electric vehicle charging stations. Investment opportunities like this rarely make it to the open market. Make this one yours today!

207 days on market

Listed by Daniel Jones & Michael Kenney · Better Homes and Gardens Real Estate Kenney & Company · 719-550-1515

Last updated: 8/19/2026 4:59 PM · Source: elevateMLS, MLS#: 8066314

Property Details

Key Details

Property Type Land
Status Active
MLS # 8066314
Days on Market 207

More Details

Lot Size (Sq Ft) 9,500
Acres 0.2181
HOA Fee $0
Annual Taxes $3,155
Tax Year 2024
State CO
County El Paso

Building & Lot

Lot Features Corner Lot, Level
Water Source See Prop Desc Rem

Terms & Other

Listing Terms Cash, Conventional, Other

Location

Price History

DateEventPrice
5/18/2026 Listed for sale
Source: REcolorado® #3995094
$399,000
4/8/2026 Listed for sale
Source: elevateMLS #8066314
$399,000 +280.0%
7/17/2019 Sold
Source: elevateMLS #8880490
$105,000
7/17/2019 Listed for sale
Source: elevateMLS #8880490
$105,000 +16.7%
12/20/2018 Sold
Source: elevateMLS #3525763
$90,000 -14.2%
8/18/2018 Listed for sale
Source: elevateMLS #3525763
$104,900

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

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