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!

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1956
  • Listing ID #:5191608
  • Added:85 day(s) ago
  • Updated:February 12, 2026 at 03:14 PM

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composite Shingle
  • Year built:1956

Utilities

  • Water:Municipal

Finances and disclosures

  • Price:$389,998
  • Tax amount:$1,171 (2025)
MLS Logo The information being provided by Pikes Peak REALTOR® Services Corp. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Pikes Peak REALTOR® Services Corp.. ERA Shields Real Estate is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of ERA Shields Real Estate, a broker participant of Pikes Peak REALTOR® Services Corp.. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Pikes Peak REALTOR® Services Corp. and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. The real estate listing information and related content displayed on this site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Copyright 2026 Pikes Peak REALTOR® Services Corp. All rights reserved.

New listings near 505 Iowa Avenue