2201 W Pikes Peak Avenue, Colorado Springs, CO 80904
Local realty services provided by:RONIN Real Estate Professionals ERA Powered
2201 W Pikes Peak Avenue,Colorado Springs, CO 80904
$495,000
- 5 Beds
- 2 Baths
- 1,226 sq. ft.
- Multi-family
- Active
Listed by: drew madayagdrew@khcommercial.com,303-859-0682
Office: kaufman hagan
MLS#:6076879
Source:ML
Price summary
- Price:$495,000
- Price per sq. ft.:$403.75
About this home
County: El Paso
Year Built: 1898
Buildings | Stories: 1 | 1
Total Units: 2
Construction: Wood Siding
Roof Type: Pitched
Gross Building SF: 1,925
Lot SF: 3,480
Parking: Off-Street/Street
Heating: Electric Baseboard
Zoning: R-2
Gas/Electric: Individual
Water/Sewer: Master
The Pikes Peak Duplex offering presents a prime multifamily investment opportunity in the heart of historic Old Colorado City, Colorado Springs. This charming side-by-side duplex delivers two renovated units with strong rental appeal, combining substantial recent capital improvements and remaining cosmetic value-add upside in one of the city’s most vibrant, walkable, and desirable neighborhoods.
Just minutes from Garden of the Gods, Cheyenne Mountain Zoo, The Broadmoor, and Downtown CO Springs, residents enjoy immediate access to premier lifestyle amenities, outdoor recreation, and major employment centers.
Recent upgrades include LVP flooring throughout, PEX plumbing conversion, and complete electrical panel modernization to current code standards. Units feature kitchen updates with backsplash, appliances, cabinets, and sink, plus bathroom renovations with tile and vanity.
This stabilized duplex offers investors a combination of location-driven demand, significant capital improvements, and targeted value-add upside through cosmetic enhancements. With strong in-place performance and long-term appreciation potential in a premium neighborhood, it represents a compelling entry point into the Colorado Springs multifamily market.
HIGHLIGHTS
- LVP flooring replacement throughout
- $30K worth of interior improvements
- Plumbing line replacement to PEX piping
- Electric breaker panel and electric main line upgrade to modern code standards
- Excellent location in the heart of Old Colorado City and 10 minutes west of Downtown CO Springs
- Excellent walkability to unique/vibrant retail shops, restaurants, and entertainment...
Contact an agent
Home facts
- Year built:1898
- Listing ID #:6076879
Rooms and interior
- Bedrooms:5
- Total bathrooms:2
- Living area:1,226 sq. ft.
Heating and cooling
- Heating:Baseboard, Electric
Structure and exterior
- Year built:1898
- Building area:1,226 sq. ft.
- Lot area:0.08 Acres
- Construction Materials:Frame, Wood Siding
- Levels:1 Story
Schools
- High school:Coronado
- Middle school:West
- Elementary school:West
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$495,000
- Price per sq. ft.:$403.75
- Tax amount:$1,227 (2024)
Parking
- Total parking spaces:6
New listings near 2201 W Pikes Peak Avenue
- New
$580,000Active4 beds 2 baths2,422 sq. ft.1105 E Platte Avenue, Colorado Springs, CO 80903
MLS# 2556720Listed by: GOLD GROUP REALTY, LLC - New
$529,950Active4 beds 4 baths2,774 sq. ft.4965 Dry Stone Drive, Colorado Springs, CO 80923
MLS# 8240789Listed by: MERCIE REAL ESTATE - New
$265,000Active3 beds 2 baths1,326 sq. ft.3670 Overton Street, Colorado Springs, CO 80910
MLS# 2426156Listed by: YOUR CASTLE REAL ESTATE LLC - New
$720,000Active-- beds -- baths2625 King Street, Colorado Springs, CO 80904
MLS# 9813064Listed by: HAMMOND/WALTERS REAL ESTATE INC - New
$450,000Active5 Acres16550 Misfit Crew Heights, Colorado Springs, CO 80908
MLS# 4872751Listed by: LIV SOTHEBY'S INTERNATIONAL REALTY - New
$450,000Active5 Acres16670 Misfit Crew Heights, Colorado Springs, CO 80908
MLS# 8722889Listed by: LIV SOTHEBY'S INTERNATIONAL REALTY - New
$620,578Active3 beds 3 baths1,783 sq. ft.9218 Kurie Mine Lane, Colorado Springs, CO 80908
MLS# 1387847Listed by: CLASSIC RESIDENTIAL SERVICES - New
$415,000Active4 beds 2 baths1,870 sq. ft.2256 Glenwood Circle, Colorado Springs, CO 80909
MLS# 1523697Listed by: LEGENDS REAL ESTATE - New
$419,400Active3 beds 3 baths1,467 sq. ft.9150 Coal Cart Lane, Colorado Springs, CO 80908
MLS# 5327684Listed by: EXIT REALTY DTC, CHERRY CREEK, PIKES PEAK - New
$340,000Active2 beds 2 baths1,066 sq. ft.510 Autumn Crest Circle #A, Colorado Springs, CO 80919
MLS# 6154200Listed by: KELLER WILLIAMS CLIENTS CHOICE REALTY