2201 W Pikes Peak Avenue Colorado Springs, CO $ 495,000
2201 W Pikes Peak Avenue
$ 495,000
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2201 W Pikes Peak Avenue

Colorado Springs, CO, 80904
$ 495,000
Bedrooms5 Baths2.0 Sq 1,226

Monthly Estimate*

$ 3,048

Listed by Kaufman Hagan
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Multi-Family Home for sale in Colorado Springs, CO

for $495,000 with 5 bedrooms and 2 full baths. This 1,226 square foot home was built in 1898 on a lot size of 0.08.

County: El Paso Year Built: 1898 Buildings | Stories: 1 | 1 Total Units: 2 Construction: Wood Siding Roof Type: Pitched Gross Building SF: 1,925 Lot SF: 3,480 Parking: Off-Street/Street Heating: Electric Baseboard Zoning: R-2 Gas/Electric: Individual Water/Sewer: Master The Pikes Peak Duplex offering presents a prime multifamily investment opportunity in the heart of historic Old Colorado City, Colorado Springs. This charming side-by-side duplex delivers two renovated units with strong rental appeal, combining substantial recent capital improvements and remaining cosmetic value-add upside in one of the city’s most vibrant, walkable, and desirable neighborhoods. Just minutes from Garden of the Gods, Cheyenne Mountain Zoo, The Broadmoor, and Downtown CO Springs, residents enjoy immediate access to premier lifestyle amenities, outdoor recreation, and major employment centers. Recent upgrades include LVP flooring throughout, PEX plumbing conversion, and complete electrical panel modernization to current code standards. Units feature kitchen updates with backsplash, appliances, cabinets, and sink, plus bathroom renovations with tile and vanity. This stabilized duplex offers investors a combination of location-driven demand, significant capital improvements, and targeted value-add upside through cosmetic enhancements. With strong in-place performance and long-term appreciation potential in a premium neighborhood, it represents a compelling entry point into the Colorado Springs multifamily market. HIGHLIGHTS - LVP flooring replacement throughout - $30K worth of interior improvements - Plumbing line replacement to PEX piping - Electric breaker panel and electric main line upgrade to modern code standards - Excellent location in the heart of Old Colorado City and 10 minutes west of Downtown CO Springs - Excellent walkability to unique/vibrant retail shops, restaurants, and entertainment

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Multi-Family Active

Price

$ 495,000

Bedrooms

5

Full Bath

2

Property Type

Multi-Family

Taxes

$ 1,227

Style

Duplex

Lot Size

0.08

Year Built

1898

Town/City

Colorado Springs

County/Region

El Paso

MLS | Web ID

6076879

Features
General
Sewer Public Sewer
Heating Baseboard Electric
Cooling Other
Roof Unknown
Zoning R-2
Garage Spaces 0
Construction Materials Frame Wood Siding
Exclusions Any and all private property.
Year Built 1898
Levels One
Property Subtype Duplex
Tax Year 2024
Ownership Individual
Gross Income 33973
County El Paso
Operating Expense 9192
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name Pleasant Valley
Status Active
High School Coronado
City Colorado Springs
Senior Community Y/N N
High School District Colorado Springs 11
Lot Size Units Square Feet
Lot Size Square Feet 3480
Carport Spaces 0
Listing Terms Cash Conventional
Elementary School West
Tax Annual Amount 1227
Middle/Junior High School West
Structure Type Duplex
Standard Status Active
Middle/Junior School District Colorado Springs 11
Elementary School District Colorado Springs 11
Cap Rate 5.01
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Exterior
Total Parking 6
Lot Size Area 3480
Building Area Total 1226
Lot Size Acres 0.08
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Interior
Common Walls 1 Common Wall 2+ Common Walls
Basement (Y/N) N
Above Grade Finished Area 1226
Total Bedrooms 5
Total Baths 2
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Internal Only
Street Number 1 2201
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* Excluded Features
List By
Kaufman Hagan

Broker

(303) 859-0682

Phone

Affordability Calculator

$3,150
Per Month
97%
3%
0%
Monthly Principal & Interest
$3,048
Monthly Property Taxes
$102
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
3615233 Elementary School
1730956 Middle School
Coronado High School High School
Pricing History
DatePricePrice ChangeDescription
3/7/2026$495,000 Listed Price

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2201 W Pikes Peak Avenue, Colorado Springs, CO, 80904 is a Multi-Family Home for sale at $495,000 with 1,226 sqft and a lot size of 0.08. 2201 W Pikes Peak Avenue has 5 bedrooms, 2.0 baths, and was built in 1898. The property's zip code is 80904 which is in Colorado Springs, CO