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2 Beds
2 Baths
1,519 sqft

$599,000

1208 W Colorado Avenue, Colorado Springs CO, 80904

Price per sqft$394.34
Built in1890
Property size1,519 sqft
Property typeMulti-family

Overview

Active

Listed Sep 27, 2026

Updated 3h ago

$15k Concessions offered for Rate buy down or closing costs. Zoned Mixed-Use, this SFH plus Additional Dwelling Unit provides a truly unique long-tem rental invesment opportunity. A restored 1890s home paired with fully equipped 600 sqft ADU—delivering built-in income, house-hacking potential, multi-unit flexibility, with newer mechanical/HVAC, turnkey livability and immediate revenue upside. The main home (rents for $1800-$2100/month), features 2 bedrooms, 2 baths, 1,097 sq ft living space, plus additional ~300 sqft finished loft area—for added flex/utility. Loads of natural light in modern kitchen with coffered ceilings, SS appliances, island seating, and 36-inch cabinetry. Each bedroom suite has private access to its own full bath, creates optimal layout flexibility for tenants, traveling professionals, or dual-occupancy. Primary bedroom has walk in closet, while the second bedroom includes a private exterior entrance—perfect for independent rental use or increased privacy. Dedicated laundry space enhances functionality, and newer paint, and windows show strong maintenance. Outdoor living includes wrap around back deck, mature trees, and fully fenced grass yards with sprinkler system for both the main home and ADU—ideal for tenant separation, pet-friendly leasing, or multi-unit privacy. The ADU at 1208 B Expands income potential (rents for $900 - $1200/month) and is a pristine 600 SF with 1 bedroom, 1 full bath, granite counters in kitchen with island bar dining, and second laundry plus lofted flex/storage space. Private yard, independent functionality—well-suited for traveling nurses, or multi-generational use. A concrete path connects both structures to a gated 2-car tandem traditional or RV parking area, supporting ease of access and tenant convenience. CSU utilities are tenant expense, not separately metered. Historic charm, modern updates, and dual-unit long term rental income potential—this property is a rare, ready-to-perform asset in a prime location.

$3,985/mo

Est. mortgage payment based on a $599,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
3371409

Interior Features

Bedrooms
2
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.17 Acres

Other Property Details

Taxes
$1,520
Tax Frequency
Annually
View
Yes
55+/Senior Community
No
MLS provider logo
Listed by Coldwell Banker Realty BK, Rebecca Groe, Listing Contact: [email protected],719-640-8167 
 

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