735 E Vermijo Avenue Colorado Springs, CO $ 435,000
735 E Vermijo Avenue
$ 435,000
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735 E Vermijo Avenue

Colorado Springs, CO, 80903
$ 435,000
Baths0.0

Monthly Estimate*

$ 2,678

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Studio

Multi-Family Home for sale in Colorado Springs, CO

for $435,000. This home was built in 1998 on a lot size of 0.2183.

Turnkey duplex in a prime downtown Colorado Springs location with strong rental history. This fully occupied, income-producing property offers an excellent opportunity for both investors and owner-occupants. Each unit features 3 bedrooms and 2 bathrooms with functional layouts and comfortable living spaces. Well-maintained throughout, each unit includes a gas fireplace, vinyl windows, and durable, low-maintenance finishes that appeal to long-term tenants. Mechanical updates include a furnace and water heater installed in 2020, and the exterior and decks were painted in 2024. The property offers a spacious front yard, alley access with off-street parking, and a rear yard storage shed for additional utility. Its central location provides convenient access to downtown Colorado Springs, Prospect Lake, I-25, shopping, dining, and entertainment. Both tenants are currently on month-to-month leases, offering flexibility for an owner-occupant or an investor looking to adjust rents and maximize future income potential. A well-positioned asset with consistent rental demand and long-term upside in a growing market.

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Multi-Family Active

Price

$ 435,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,565

Style

Duplex

Lot Size

0.2183

Year Built

1998

Town/City

Colorado Springs

County/Region

El Paso

MLS | Web ID

5614138

Features
General
Utilities Cable Available Electricity Connected Natural Gas Connected
Roof Composite Shingle
Appliances Dishwasher Disposal Kitchen Vent Fan Range Refrigerator
Water Municipal
Handicap See Prop Desc Remarks
School District Colorado Springs 11
Property Type Income
Yearly Taxes 1565.62
Tax Year 2025
Status Active
Sub Type Duplex
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Exterior
Siding Masonite Type See Prop Desc Remarks
Fence See Prop Desc Remarks
Structure UBC/IBC/IRC Standard Modular Frame See Prop Desc Remarks
Lot Size 9511.0000
Foundation Crawl Space
Parking Spaces 6
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Interior
Laundry Facility Electric Hook-up
Fireplace Gas Two See Remarks
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* Excluded Features
List By
Progressive Property Group Llc

Broker

shumila@progressivepropertygroup.com

Email

Affordability Calculator

$2,809
Per Month
95%
5%
0%
Monthly Principal & Interest
$2,678
Monthly Property Taxes
$130
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
3784392 Elementary School
3784391 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/20/2026$435,000 Listed Price

Map


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735 E Vermijo Avenue, Colorado Springs, CO, 80903 is a Multi-Family Home for sale at $435,000 with a lot size of 0.2183. 735 E Vermijo Avenue is a studio with 0.0 baths and was built in 1998. The property's zip code is 80903 which is in Colorado Springs, CO