2228 W Colorado Avenue Colorado Springs, CO ^$ 475,000

2228 W Colorado Avenue

^$ 475,000

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2228 W Colorado Avenue

Colorado Springs, CO, 80904

^$ 475,000

Studio Baths0.0

Monthly Estimate*

^$ 2,963

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Studio

Multi-Family Home for sale in Colorado Springs, CO

for $475,000. This home was built in 1941 on a lot size of 0.1047.

INVESTMENT, OWNER USER OR COMMERCIAL PROPERTY IN THE HEART OF OLD COLORADO CITY- Recently updated (including a new sewer line)with lots of extra parking-Walking distance to shopping, restaurants, worship centers, schools, and parks- Front and Back units are currently rented- VERY VERSATILE OPTIONS FOR RESIDENTIAL OR COMMERCIAL USE. This property is ZONED C-5 and can be used for commercial use as in the past-Definitely upside potential for rents - *NOTE* 3rd bedroom in unit one does not have a closet. *NOTE*THIS COULD BE A BEAUTIFUL OWNER OCCUPIED SINGLE FAMILY HOME AS IN THE PAST AND PERFECT FOR MULTIGENERATIONAL LIVING SINCE THE FRONT AND BACK UNITS ONLY HAVE A SEALED DOOR FOR SEPARATION. BOTH UNITS HAVE BEEN PARTIALLY REMODELED. ALSO IDEAL FOR A VRBO IN FRONT UNIT( WALKING DISTANCE TO OCC WOULD BE IDEAL FOR SUMMER TOURISTS) AND HAVE FIXED INCOME IN REAR UNIT. Call listing brokers for further details.

Multi-Family Active

Price

^$ 475,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 1,237

Style

Duplex

Lot Size

0.1047

Year Built

1941

Town/City

Colorado Springs

County/Region

El Paso

MLS | Web ID

8613674

Features

General

Utilities Cable Available Electricity Connected Telephone

Roof Composite Shingle

Appliances Dryer Range Refrigerator Washer

Water Assoc/Distr

School District Colorado Springs 11

Property Type Income

Yearly Taxes 1237.79

Tax Year 2022

Status Active

Sub Type Duplex

Exterior

Siding Wood

Structure Concrete Frame

Lot Size 4560.0000

Foundation Full Basement

Parking Spaces 3

Interior

Laundry Facility Electric Hook-up

Fireplace None

* Excluded Features

List By

Demos Real Estate And Investments

Broker

Bdemos@aol.com

Affordability Calculator

$3,066

Per Month

Monthly Principal & Interest: $2,963
Monthly Property Taxes: $103
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Colorado Springs, CO

Average List Price ^$768,382

Percent of Sale Price 62%

About Colorado Springs, CO

461,521 Population

27% Since 2002

^$57,575 Median Income

36.95 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3784392 Elementary School

3784391 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/10/2025	$475,000	-4.04%	Price Down
5/28/2025	$495,000		Listed Price

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2228 W Colorado Avenue, Colorado Springs, CO, 80904 is a Multi-Family Home for sale at $475,000 with a lot size of 0.1047. 2228 W Colorado Avenue is a studio with 0.0 baths and was built in 1941. The property's zip code is 80904 which is in Colorado Springs, CO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Pikes Peak REALTOR(R) Services Corp.

The data relating to real estate for sale on this web site comes in part from The Internet Data Exchange Program of The Pikes Peak REALTOR(R) Services Corp. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

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. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.

Data is updated as of 12/7/2025.

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2228 W Colorado Avenue

Multi-Family Home for sale in Colorado Springs, CO

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