1321 Wood Avenue Colorado Springs, CO $ 1,600,000
1321 Wood Avenue
$ 1,600,000
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1321 Wood Avenue

Colorado Springs, CO, 80903
$ 1,600,000
Bedrooms-- Baths-- Sq 2,604

Monthly Estimate*

$ 9,982

Listed by Keller Williams Premier Realty, LLC
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Commercial Property for sale in Colorado Springs, CO

for $1,600,000. This 2,604 square foot building was built in 1919.

A rare opportunity awaits the discerning investor: acquire a stately, high-cash-flow asset in the heart of downtown Colorado Springs. Located on the coveted Millionaire’s Row in the historic Old North End, this magnificent property stands as a testament to turn-of-the- century elegance while delivering robust, modern-day returns. This is the turn-key investment you've been seeking, perfectly positioned for a seamless addition to any serious portfolio or a strategic close for a 1031 Exchange. This grand asset comprises a majestic Main House hosting seven units and a separate Carriage House providing three additional units, resulting in an impressive 10 unit property. With approximately 13,663 sq ft. of rentable space on a sprawling half-acre lot and dedicated parking, the property minimizes vacancy risk and maximizes tenant appeal in a high-demand market. It currently generates $12,000+ per month in income, with proven potential to reach ~$13,000. Recent exterior painting on both structures provides strong curb appeal, and while units vary in condition, they offer a clear value-add path for strategic upgrades over time to capture the full market premium. Location drives value, and this address delivers: the property is situated just two blocks north of Colorado College (CC) and tenants benefit from a truly walkable lifestyle, with easy access to the Pikes Peak Greenway Trail and the expansive Monument Valley Park, as well as quick access to downtown Colorado Springs’ vibrant restaurant and bar scene and a quarter-mile from I25 for effortless commuting. This property is not just a building; it is a piece of Colorado Springs history and a reliable income engine. Don't miss the opportunity to own a legacy property with superior cash flow in one of Colorado Springs' most desirable neighborhoods. Financials and rent rolls are available upon request to qualified buyers. Contact me today to schedule a private, discreet showing!

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Commercial Active

Price

$ 1,600,000

Property Type

Commercial

Taxes

$ 4,672

Style

Year Built

1919

Town/City

Colorado Springs

County/Region

El Paso

MLS | Web ID

2664409

Features
General
Sewer Public Sewer
Utilities Electricity Connected Natural Gas Connected
Possession Closing/DOD
Roof Composition
Zoning R1-9 HP
Garage Spaces 0
Construction Materials Frame
Year Built 1919
Property Subtype Multi Family
Tax Year 2024
Current Use Residential
Gross Income 146948
County El Paso
Operating Expense 25853
Property Type Commercial Sale
Attached Garage N
Status Active
Directions From west bound Uintah turn right heading North on Wood. House will be on the right.
City Colorado Springs
Number Of Units Total 5
Carport Spaces 0
Listing Terms Cash Conventional
Tax Annual Amount 4672
Standard Status Active
Occupancy Type Tenant
Cap Rate 7.04
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Exterior
Water Source Public
Total Parking 0
Building Area Total 2604
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Internal Only
Street Number 1 1321
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* Excluded Features
List By
Keller Williams Premier Realty, Llc

Broker

(216) 280-3396

Phone

Affordability Calculator

$10,371
Per Month
96%
4%
0%
Monthly Principal & Interest
$9,982
Monthly Property Taxes
$389
Monthly 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
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/29/2025$1,600,000 Listed Price

Map


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1321 Wood Avenue, Colorado Springs, CO, 80903 is a Commercial Property for sale at $1,600,000 with 2,604 sqft. 1321 Wood Avenue was built in 1919. The property's zip code is 80903 which is in Colorado Springs, CO