1214 - 1216 N Wahsatch Avenue, Colorado Springs, CO 80903
Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
1214 - 1216 N Wahsatch Avenue,Colorado Springs, CO 80903
$749,000
- 4 Beds
- 3 Baths
- 2,798 sq. ft.
- Single family
- Active
Listed by:kathleen haasKathyHaas@coloradorealty4less.com,970-531-7448
Office:colorado realty 4 less, llc.
MLS#:2995847
Source:ML
Price summary
- Price:$749,000
- Price per sq. ft.:$267.69
About this home
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.
Contact an agent
Home facts
- Year built:1910
- Listing ID #:2995847
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:2
- Living area:2,798 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1910
- Building area:2,798 sq. ft.
- Lot area:0.22 Acres
Schools
- High school:Palmer
- Middle school:North
- Elementary school:Steele
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$749,000
- Price per sq. ft.:$267.69
- Tax amount:$1,972 (2024)
New listings near 1214 - 1216 N Wahsatch Avenue
- $39,950Active2 beds 2 baths780 sq. ft.
220 Mount View Lane, Colorado Springs, CO 80907
MLS# 1724783Listed by: BROKERS GUILD REAL ESTATE - $689,898Active3 beds 4 baths3,474 sq. ft.
8996 Wolf Valley Drive, Colorado Springs, CO 80924
MLS# 1754917Listed by: HOMESMART - $45,000Active2 beds 1 baths924 sq. ft.
205 N Murray Boulevard, Colorado Springs, CO 80916
MLS# 1782169Listed by: THE ROY GROUP, INC - $249,000Active1 beds 1 baths900 sq. ft.
2132 Denton Grove, Colorado Springs, CO 80919
MLS# 1971286Listed by: COLDWELL BANKER 1ST CHOICE REALTY - $45,000Active2 beds 2 baths980 sq. ft.
4945 Mark Dabling Boulevard, Colorado Springs, CO 80918
MLS# 2477874Listed by: THE ROY GROUP, INC - $124,999Active3 beds 2 baths1,216 sq. ft.
1095 Western Drive, Colorado Springs, CO 80915
MLS# 2969626Listed by: KELLER WILLIAMS CLIENTS CHOICE REALTY - $64,900Active2 beds 2 baths938 sq. ft.
3750 N Cascade Avenue, Colorado Springs, CO 80907
MLS# 3233116Listed by: EXP REALTY, LLC - $90,000Active2 beds 1 baths390 sq. ft.
720 4th Street, Colorado Springs, CO 80907
MLS# 3389427Listed by: KELLER WILLIAMS ADVANTAGE REALTY LLC - New$55,000Active2 beds 1 baths840 sq. ft.
3750 N Cascade Avenue, Colorado Springs, CO 80907
MLS# 3503700Listed by: EQUITY COLORADO REAL ESTATE