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Stephanie Watson

stephwats1@hotmail.com +1(970) 373-9077

$ 629,000

Est. payment | -/mo

4 Beds

2 Baths

1,521 SqFt

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$ 629,000

Est. payment | -/mo

Save

4 Beds

2 Baths

1,521 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 1,521 sqft

Subdivision West Colorado Springs

MLS Listing ID IRE1712550

Bedrooms 4

Full Baths 1

Three Quarter Bath 1

HOA Y/N No

Year Built 1948

Annual Tax Amount $1,400

Tax Year 2025

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Single Family Residence

Source ires

Property Description

An exceptional opportunity for investors, house hackers, first-time buyers, or anyone looking for a home that can help offset the cost of ownership! Located in Colorado Springs' desirable Westside, this unique property is currently operating as a short-term and mid-term rental and is configured as two separate living spaces. The main level features 2 bedrooms, a full bathroom, comfortable living space, updated kitchen with stone countertops, laundry, and access to the covered deck and backyard. Downstairs, the fully finished walkout basement offers 2 additional bedrooms, a 3/4 bathroom, second kitchen, living room, laundry, and separate exterior access-creating excellent flexibility for guests, extended family, or continued rental use. For buyers looking to get into homeownership, the layout creates a compelling option to live in one portion of the home while renting the other to generate additional income and potentially offset monthly housing expenses. Investors can continue utilizing both spaces as income-producing rentals, offering multiple ways to make the property work for your goals. Just minutes from historic Old Colorado City and Downtown Colorado Springs, enjoy convenient access to restaurants, local shops, breweries, galleries, entertainment, and year-round events. Garden of the Gods, Red Rock Canyon Open Space, Manitou Springs, Colorado College, and abundant outdoor recreation are also within easy reach. Both units are currently being utilized as rentals, with stays commonly extending approximately one month at a time. A professional STR competitive analysis is available for buyers interested in exploring the property's income potential. The seller is also open to including furnishings depending on the offer. This Westside home offers a rare combination of versatility, location, and existing rental use.

Location

State CO

County El Paso

Community West Colorado Springs

Area Out Of Area

Zoning R-2

Direction From Highway 24, exit northeast onto 21st Street. Continue until you reach Armstrong Street and turn right and then contine two blocks and turn right onto Olive Street. Property is the first house on your left.

Rooms

Basement Full, Slab, Walk-Out Access

Interior

Interior Features Open Floorplan, Walk-In Closet(s), Jack & Jill Bathroom

Heating Forced Air

Cooling Ceiling Fan(s)

Fireplaces Type None

Appliance Dishwasher, Refrigerator, Washer, Dryer, Microwave, Gas Bar-B-Q

Exterior

Parking Features Off Street

Garage Spaces 4.0

Fence Fenced

Utilities Available Natural Gas Available, Electricity Available, Cable Available

View Y/N Yes

View Mountain(s), City

Roof Type Composition

Porch Patio, Deck

Garage Yes

Building

Lot Description Corner Lot, Deciduous Trees, Level, Paved, Gutters

Sewer Public Sewer

Water City

Level or Stories One

Structure Type Frame,Stucco

New Construction false

Schools

Elementary Schools West

Middle Schools West

High Schools Colorado Springs 11

School District Colorado Springs 11

Others

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Special Listing Condition Private Owner

Information and Real Estate Services (IRES)

Listed by Noah Walz

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(970) 373-9077

stephwats1@hotmail.com

Learn More About LPT Realty

411 Olive Colorado Springs, CO 80904