REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sat

Aug

Sun

Aug

Mon

Aug

Miranda Cantin

nocohomes.miranda@gmail.com +1(970) 405-3498

$ 749,000

Est. payment | -/mo

4 Beds

3 Baths

2,798 SqFt

Save

$ 749,000

Est. payment | -/mo

Save

4 Beds

3 Baths

2,798 SqFt

OPEN HOUSE

Sun Aug 03, 11:00am - 2:00pm

Key Details

Property Type Single Family Home

Sub Type Residential-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,798 sqft

Subdivision Hallowells

MLS Listing ID 2995847

Style Ranch

Bedrooms 4

Full Baths 2

Three Quarter Bath 1

HOA Y/N false

Abv Grd Liv Area 2,798

Year Built 1910

Annual Tax Amount $1,972

Lot Size 9,583 Sqft

Acres 0.22

Property Sub-Type Residential-Detached

Source REcolorado

Property Description

TWO HOMES INCLUDED! LIVE IN ONE - RENT THE OTHER OR RENT BOTH FOR A STEADY INCOME! Incredible investor or owner-occupant opportunity in the heart of Colorado Springs Old North End. This legally zoned R-2 single family home with cottage features a fully rented main house leased at $3,000/month through June 2027, and a detached 1 bedroom cottage currently rented at $1,740/month through September 2025 or earlier. When the cottage lease ends, the new owner can either continue renting to college students at premium rates-or live in the cottage and let the front unit's $3,000/month rent cover a significant portion of the mortgage. With separate gas, electric, and water meters for each unit, plus tenant-paid utilities and a landlord-billed trash arrangement, this property offers efficient, predictable cash flow. Recent upgrades include new appliances and forced air heating + central A/C in the main house. A detached three-car garage provides alley access and offers future income potential as premium parking or storage rentals. Both units share access to basement laundry and storage. Located just blocks from Colorado College and downtown, this property benefits from steady year-round rental demand and strong tenant retention. With gross annual rents of $56,880, separately metered utilities, and low property taxes (~$1,900/year), this turnkey asset is ideal for long-term hold, 1031 exchange, or live-in investment. Zoned R-2 in a historic district (no HOA), this is a rare chance to own a flexible, high-performing asset in one of Colorado Springs most desirable neighborhoods.

Location

State CO

County El Paso

Area Out Of Area

Zoning R-2

Direction From E San Miguel St. turn south on Wahsatch Ave.

Rooms

Basement Partial, Walk-Out Access

Primary Bedroom Level Basement

Master Bedroom 20x9

Bedroom 2 Main 12x12

Bedroom 3 Main 10x11

Bedroom 4 Main

Interior

Interior Features Study Area, Eat-in Kitchen, Open Floorplan

Heating Forced Air

Cooling Central Air

Fireplaces Type Family/Recreation Room Fireplace, Single Fireplace

Fireplace true

Appliance Dishwasher, Refrigerator, Disposal

Laundry In Basement

Exterior

Garage Spaces 3.0

Utilities Available Electricity Available, Cable Available

Roof Type Composition

Street Surface Paved,Gravel

Handicap Access Level Lot

Porch Patio, Deck

Building

Lot Description Lawn Sprinkler System, Level, Historic District

Story 1

Sewer City Sewer, Public Sewer

Water City Water

Level or Stories One

Structure Type Wood/Frame

New Construction false

Schools

Elementary Schools Steele

Middle Schools North

High Schools Palmer

School District Colorado Springs 11

Others

Senior Community false

SqFt Source Assessor

Special Listing Condition Private Owner

Information and Real Estate Services (IRES)

Listed by Kathleen Haas • Colorado Realty 4 Less, LLC • KathyHaas@coloradorealty4less.com,970-531-7448

1214 N Wahsatch Ave Colorado Springs, CO 80903