CO
El Paso
Colorado Springs
80903
1214 - 1216 N Wahsatch Avenue
1214 - 1216 N Wahsatch Avenue, Colorado Springs, CO 80903
Share Listing
Listing Type
Single Family
Listing Status
active
45
$739,000

Home Details for 1214 - 1216 N Wahsatch Avenue

Price
$739,000
Type
Residential
Bedrooms
4
Bathrooms
3.0
Square feet
2798
Year built
1910
Lot size acres
0.22
County
El Paso
Total rooms
14
Garage
3
Basement
Exterior Entry, Interior Entry, Partial
Days on site
94
MLS Listing#
2995847
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.

Property Features
  • Utilities
    • Natural Gas Available
    • Cable Available
    • Electricity Connected
    • Natural Gas Connected
  • Basement
    • Exterior Entry
    • Interior Entry
    • Partial
  • Cooling Information
    • Central Air
    • Other
  • House Interior
    • Eat-in Kitchen
    • Open Floorplan
  • Heating Information
    • Forced Air
  • Water Features
    • Public
  • Fire Place
    • Family Room
School Information
School Information for 1214 - 1216 N Wahsatch Avenue, Colorado Springs, CO 80903
Elementary School
Steele
Middle School
North
High School
Palmer
Listing Courtesy: Colorado Realty 4 Less, LLC - 970-531-7448
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EXIT REALTY DTC, CHERRY CREEK, PIKES PEAK
383 Inverness Parkway Suite 140, Englewood, CO 80112
Sheryll White Broker. 303 790 7200
Dawn Campbell
Associate Broker
Office
303 790 7200
Agent
303 408 3229
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