1214 - 1216 N Wahsatch Avenue, Colorado Springs, CO 80903
Local realty services provided by:LUX Real Estate Company ERA Powered
1214 - 1216 N Wahsatch Avenue,Colorado Springs, CO 80903
$739,000
- 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:$739,000
- Price per sq. ft.:$264.12
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:$739,000
- Price per sq. ft.:$264.12
- Tax amount:$1,972 (2024)
New listings near 1214 - 1216 N Wahsatch Avenue
- New$350,000Active4 beds 2 baths1,164 sq. ft.
2014 Olympic Drive, Colorado Springs, CO 80910
MLS# 3133504Listed by: KELLER WILLIAMS PARTNERS - New$395,000Active3 beds 2 baths1,728 sq. ft.
7425 Grand Valley Drive, Colorado Springs, CO 80911
MLS# 6322740Listed by: STRUCTURE REAL ESTATE GROUP, LLC - New$520,000Active4 beds 4 baths3,440 sq. ft.
10634 Abrams Drive, Colorado Springs, CO 80925
MLS# 7455448Listed by: KELLER WILLIAMS PARTNERS - New$274,000Active2 beds 2 baths992 sq. ft.
3329 Misty Meadows Drive, Colorado Springs, CO 80920
MLS# 8627934Listed by: THE TERCERO GROUP REALTY - New$565,000Active3 beds 4 baths2,148 sq. ft.
7216 Treebrook Lane, Colorado Springs, CO 80918
MLS# 9711231Listed by: HOMESMART - New$480,000Active4 beds 4 baths2,240 sq. ft.
6531 Passing Sky Drive, Colorado Springs, CO 80911
MLS# 1276002Listed by: KELLER WILLIAMS PARTNERS - New$679,900Active4 beds 4 baths3,582 sq. ft.
2631 Emerald Ridge Drive, Colorado Springs, CO 80920
MLS# 6197054Listed by: KELLER WILLIAMS PARTNERS REALTY - New$600,000Active4 beds 3 baths2,287 sq. ft.
206 Laclede Avenue, Colorado Springs, CO 80905
MLS# 7899365Listed by: BETTER HOMES & GARDENS REAL ESTATE - KENNEY & CO. - New$540,000Active4 beds 4 baths3,272 sq. ft.
7246 Dutch Loop, Colorado Springs, CO 80925
MLS# 4322241Listed by: REAL BROKER, LLC DBA REAL - New$445,000Active2 beds 1 baths1,042 sq. ft.
907 N Corona Street, Colorado Springs, CO 80903
MLS# 8151634Listed by: EXP REALTY, LLC