2201 W Pikes Peak Avenue, Colorado Springs, CO 80904
Local realty services provided by:ERA Shields Real Estate
2201 W Pikes Peak Avenue,Colorado Springs, CO 80904
$485,000
- 5 Beds
- 2 Baths
- 1,226 sq. ft.
- Multi-family
- Active
Listed by: drew madayag
Office: kaufman hagan
MLS#:6076879
Source:ML
Price summary
- Price:$485,000
- Price per sq. ft.:$395.6
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...
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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:$485,000
- Price per sq. ft.:$395.6
- Tax amount:$1,227 (2024)
Parking
- Total parking spaces:6
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