UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,226 sqft
Subdivision Pleasant Valley
MLS Listing ID IRE6076879
Bedrooms 5
HOA Y/N No
Year Built 1898
Annual Tax Amount $1,227
Tax Year 2024
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Duplex
Source ires
Property Description
Year Built: 1898
Buildings | Stories: 1 | 1
Total Units: 2
Construction: Wood Siding
Roof Type: Pitched
Gross Building SF: 1,925
Lot SF: 3,480
Parking: Off-Street/Street
Heating: Electric Baseboard
Zoning: R-2
Gas/Electric: Individual
Water/Sewer: Master
The Pikes Peak Duplex offering presents a prime multifamily investment opportunity in the heart of historic Old Colorado City, Colorado Springs. This charming side-by-side duplex delivers two renovated units with strong rental appeal, combining substantial recent capital improvements and remaining cosmetic value-add upside in one of the city's most vibrant, walkable, and desirable neighborhoods.
Just minutes from Garden of the Gods, Cheyenne Mountain Zoo, The Broadmoor, and Downtown CO Springs, residents enjoy immediate access to premier lifestyle amenities, outdoor recreation, and major employment centers.
Recent upgrades include LVP flooring throughout, PEX plumbing conversion, and complete electrical panel modernization to current code standards. Units feature kitchen updates with backsplash, appliances, cabinets, and sink, plus bathroom renovations with tile and vanity.
This stabilized duplex offers investors a combination of location-driven demand, significant capital improvements, and targeted value-add upside through cosmetic enhancements. With strong in-place performance and long-term appreciation potential in a premium neighborhood, it represents a compelling entry point into the Colorado Springs multifamily market.
HIGHLIGHTS
- LVP flooring replacement throughout
- $30K worth of interior improvements
- Plumbing line replacement to PEX piping
- Electric breaker panel and electric main line upgrade to modern code standards
- Excellent location in the heart of Old Colorado City and 10 minutes west of Downtown CO Springs
- Excellent walkability to unique/vibrant retail shops, restaurants, and entertainment
Location
State CO
County El Paso
Community Pleasant Valley
Area Out Of Area
Zoning R-2
Interior
Heating Baseboard, Electronic Air Filter
Exterior
Parking Features Off Street
Garage Spaces 6.0
View Y/N No
Roof Type Other
Garage Yes
Building
Sewer Public Sewer
Level or Stories One
Structure Type Frame,Wood Siding
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
Listing Terms Cash, Conventional
Special Listing Condition Private Owner
Nearby Locations
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