506 Swope Avenue, Colorado Springs, CO 80909
Local realty services provided by:ERA New Age
506 Swope Avenue,Colorado Springs, CO 80909
$385,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: jorge manjarez
Office: vara: the real estate collective
MLS#:7271057
Source:CO_PPAR
Price summary
- Price:$385,000
About this home
Turnkey Income Property | Duplex | R-4 Zoning | Development Opportunity
Exceptional investment opportunity in the rapidly growing Knob Hill area of Colorado Springs. This income-producing duplex offers immediate rental income, flexible leasing options, and significant future development potential on an R-4 zoned lot.
The property consists of two separate, fully furnished residential units that are well-suited for executive housing, corporate rentals, traveling professionals, military personnel, medical professionals, relocation clients, or traditional long-term tenants. The front residence is a spacious 2-bedroom, 1-bath home featuring updated finishes, a functional floor plan, dedicated workspace, and inviting outdoor living areas. The rear residence is a private 1-bedroom, 1-bath unit offering comfortable accommodations and independent living space.
Located in a highly accessible central Colorado Springs location, the property is minutes from Downtown Colorado Springs, Memorial Hospital, the Olympic & Paralympic Training Center, major military installations, shopping, dining, and employment centers. The area's strong demand for furnished and executive housing creates multiple income strategies for investors and owner-operators alike.
The true value-add opportunity lies in the expansive R-4 zoned lot. The rear portion of the property provides potential for additional residential development, allowing investors to explore increased density and future income growth opportunities. Buyers should verify zoning, development standards, utility capacity, and permitted uses with the City of Colorado Springs.
Whether you're seeking a turnkey furnished rental investment, a multifamily asset with stable income potential, or a development opportunity with long-term upside, this property offers flexibility and multiple avenues for value creation....
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Home facts
- Year built:1937
- Listing ID #:7271057
- Added:51 day(s) ago
- Updated:July 30, 2026 at 03:27 PM
Rooms and interior
- Kitchen Description:220v in Kitchen, Dishwasher, Gas Grill, Kitchen Vent Fan, Microwave Oven, Range, Refrigerator
- Basement Description:Partial Basement
Heating and cooling
- Cooling:Wall Unit(s)
- Heating:Baseboard, Forced Air
Structure and exterior
- Roof:Rolled
- Year built:1937
- Lot area:0.17 Acres
Utilities
- Water:Municipal
- Sewer:Sewer
Finances and disclosures
- Price:$385,000
- Tax amount:$688 (2024)
Features and amenities
- Laundry features:Dryer, Electric Hook-up, Washer
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