UPDATED:
Key Details
Property Type Multi-Family
Sub Type Mix Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5961283
Construction Status Existing
HOA Y/N No
Year Built 1910
Annual Tax Amount $4,439
Tax Year 2024
Lot Size 8,000 Sqft
Property Sub-Type Mix Use
Property Description
Positioned in a highly walkable, high-demand area near Ivywild School, this unique property features a commercial space on the main level and a private residential unit above, creating the perfect setup for investors or future owner-users.
The property is currently tenant-occupied through 2027, providing stable, consistent income from day one—ideal for buyers looking to secure a performing asset in a prime location.
The lower level is well-suited for a variety of professional or boutique uses including office, wellness, design, or service-based businesses. Upstairs, the residential space offers flexibility for future use as a personal residence, executive rental, or potential short-term rental (subject to local regulations).
Additional highlights include:
• Prime central location with strong visibility and accessibility
• Flexible mixed-use potential for future growth
• Highly desirable live/work configuration
• Close proximity to dining, shopping, and downtown Colorado Springs
Whether you're looking to expand your portfolio or secure a future live/work space, this property delivers location, income, and versatility in one of the city's most vibrant neighborhoods.
The upper-level apartment has its own private entrance and includes a comfortable living room, dining nook, kitchen, bathroom, bedroom, and a dedicated laundry room. Abundant natural light pours through the large windows, highlighting the wood floors, charming built-ins, and sliding barn door leading into the bedroom. Recent kitchen and bathroom updates enhance the appeal of this character-filled residence.
Location
State CO
County El Paso
Area Ivywild
Interior
Cooling Central Air
Laundry Electric Hook-up
Exterior
Utilities Available Electricity Connected, Natural Gas Connected
Roof Type Composite Shingle
Building
Foundation Full Basement
Water Municipal
Structure Type Frame
Construction Status Existing
Schools
School District Colorado Springs 11
Others
Special Listing Condition Broker Owned, Established Rental History, Lead Base Paint Discl Req
Virtual Tour https://www.propertypanorama.com/instaview/ppar/5961283
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