Now here is an opportunity! This 4-bedroom, 2-bathroom home with many recent updates offers an exceptional opportunity for homeowners and investors alike. Perfectly located and zoned C6, this property is uniquely set up to function as a duplex-style residence, featuring separate entrances-ideal for multi-generational living or potential rental income. Investors...finally, a property in Colorado where the cashflow and returns can actually work. With zoning that allows for the addition of a third unit, this home delivers excellent return potential for the savvy investor looking to maximize property value and cash flow. This property already has a proven cashflow record as a duplex. Recent upgrades enhance the home's appeal and efficiency, including: 2 full kitchens - lower unit kitchen recently remodeled. Fresh interior and exterior paint. New gutters. Boiler system and a ductless zone cooling system installed within the last 3 years. Newly updated bathrooms with subway tile and LVP flooring. This 8000 sq ft lot has newer landscaping including a sprinkler and drip system. Plenty of storage and space with an oversized attached 2 car garage and storage shed. The backyard also has alley access. The layout and improvements support both comfortable living and long-term growth possibilities. Whether you're looking to live in one unit and rent the other, or develop a third, this property is your flexible canvas for personal or investment success. On top of all this, downtown Colorado Springs is only 5 minutes away! Don't miss this rare opportunity to own a turnkey property with built-in income potential and future development options.
Offered By
Larry Lewis david@realcommunity.com,303-668-4343, Real Broker, LLC DBA Real
Natural Gas Available, Electricity Available, Cable Available
SEWER
City Sewer, Public Sewer
WATER SOURCE
City Water
Year Built
1942
Basement
Full, Partially Finished
FINISHED BASEMENT SIZE
1100.0
ARCHITECTURAL STYLE
Ranch
Roof
Composition
Fence
Fenced
Lot Features
Gutters, Level
Garage spaces
2
Other Structures
Outbuildings
CITY
Colorado Springs
SUBDIVISION
Knob Hill
COUNTY
El Paso
AREA
Out of Area
STATE
CO
SENIOR COMMUNITY
No
TAX AMOUNT
1221.0
LATEST UPDATE
2025-06-26T17:04:34.419Z
DAYS ON MARKET
14
PRICE CHANGE(S)
$450,000 Jun 13, 2025
CUMULATIVE DAYS ON MARKET
14
Property Details
Property TypeResidential
StatusActive
Bedrooms4
Bathrooms (Full)2
Property Sub TypeResidential-Detached
Square Feet2,140
MLS #2723961
AppliancesDishwasher, Microwave, Disposal
LAUNDRY FEATURESIn Basement
FIREPLACE FEATURESLiving Room, Single Fireplace
HeatingHot Water, Heat Pump
CoolingRoom Air Conditioner
Utility FeaturesNatural Gas Available, Electricity Available, Cable Available
SEWERCity Sewer, Public Sewer
WATER SOURCECity Water
Year Built1942
BasementFull, Partially Finished
FINISHED BASEMENT SIZE1100.0
ARCHITECTURAL STYLERanch
RoofComposition
FenceFenced
Lot FeaturesGutters, Level
Garage spaces2
Other StructuresOutbuildings
CITYColorado Springs
SUBDIVISIONKnob Hill
COUNTYEl Paso
AREAOut of Area
STATECO
SENIOR COMMUNITYNo
TAX AMOUNT1221.0
LATEST UPDATE2025-06-26T17:04:34.419Z
DAYS ON MARKET14
PRICE CHANGE(S)
$450,000 Jun 13, 2025
CUMULATIVE DAYS ON MARKET14
Market Trends
New Properties On Market
13
18%
Increase In New Listings
Average Asking Price
$559,846
$162,774 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$221
$5 Increase In List Price/Sq. Ft.
Average Days On Market
9
29 Day
Decrease In Days On Market
Data as of Jul 06, 2025.
Remaining statistics above are calculated on activity within the period from May 01, 2025 to Jun 30, 2025.
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