505 Iowa Avenue, Colorado Springs, CO 80909

Local realty services provided by:ERA Shields Real Estate
505 Iowa Avenue,Colorado Springs, CO 80909
$389,998
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: angela byrne, morgan schneider
Office: byrne real estate and property management pllc
MLS#:5191608
Source:CO_PPAR

Price summary

  • Price:$389,998

About this home

Updated main level living duplex close to downtown CO Springs! Tucked into a charming, established neighborhood with great rental history! Both units have been updated with vinyl windows, tile flooring, and full kitchen/bath upgrades! 505 is a 2 bed/1 bath property, 503 is a 1 bed/1 bath unit. 505 leased through 3/31/2026. 503 Iowa leased through 10/1/2026. Tenants pay seperate electric/gas, water/sewer on house meter. Furnace replacement 2015, upgraded electrical 2013! Perfect for both new and seasoned investors with opportunity to live on one side and rent out the other!Property is mixed use medium scale zoning, allowing for additional possibilities for the space!

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Home facts

  • Year built:1956
  • Listing ID #:5191608
  • Added:1 day(s) ago
  • Updated:November 18, 2025 at 11:39 PM

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composite Shingle
  • Year built:1956
  • Lot area:0.17 Acres

Utilities

  • Water:Municipal

Finances and disclosures

  • Price:$389,998
  • Tax amount:$1,065 (2025)
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