Homes for sale - 1214 - 1216 N Wahsatch AVE, Colorado Springs, CO 8...

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Jason Shiri

team@cohomesold.com +1(720) 490-7720

$749,000

Est. payment - /mo

4 Beds

3 Baths

2,798 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,798 sqft

Price per Sqft $267

Subdivision Hallowells

MLS Listing ID 2995847

Bedrooms 4

Full Baths 2

Three Quarter Bath 1

HOA Y/N No

Abv Grd Liv Area 2,798

Year Built 1910

Annual Tax Amount $1,972

Tax Year 2024

Lot Size 9,500 Sqft

Acres 0.22

Property Sub-Type Single Family Residence

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

Zoning R-2

Rooms

Basement Exterior Entry, Interior Entry, Partial

Main Level Bedrooms 3

Interior

Interior Features Eat-in Kitchen, Open Floorplan

Heating Forced Air

Cooling Central Air, Other

Flooring Wood

Fireplaces Number 1

Fireplaces Type Family Room

Fireplace Y

Appliance Dishwasher, Disposal, Oven, Refrigerator

Laundry In Unit

Exterior

Exterior Feature Garden, Private Yard

Garage Spaces 3.0

Utilities Available Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected

Roof Type Composition

Total Parking Spaces 6

Garage No

Building

Lot Description Historical District, Level, Many Trees, Near Public Transit, Sprinklers In Front

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Frame

Schools

Elementary Schools Steele

Middle Schools North

High Schools Palmer

School District Colorado Springs 11

Others

Senior Community No

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, Jumbo, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, FHA, Jumbo, VA Loan

Special Listing Condition None

Read Less Info

Listed by Colorado Realty 4 Less, LLC

Q U I C K S E A R C H

1214 - 1216 N Wahsatch AVE Colorado Springs, CO 80903