411 Olive Street
Colorado Springs, CO, 80904 $ 629,000
Bedrooms4 Baths2.0 Sq 1,521 Monthly Estimate*
$ 3,972
Listed by Keller Williams Premier Realty, LLC
for $629,000 with 4 bedrooms and 2 full baths. This 1,521 square foot home was built in 1948 on a lot size of 0.12.
An exceptional opportunity for investors, house hackers, first-time buyers, or anyone looking for a home that can help offset the cost of ownership! Located in Colorado Springs' desirable Westside, this unique property is currently operating as a short-term and mid-term rental and is configured as two separate living spaces. The main level features 2 bedrooms, a full bathroom, comfortable living space, updated kitchen with stone countertops, laundry, and access to the covered deck and backyard. Downstairs, the fully finished walkout basement offers 2 additional bedrooms, a 3/4 bathroom, second kitchen, living room, laundry, and separate exterior access—creating excellent flexibility for guests, extended family, or continued rental use. For buyers looking to get into homeownership, the layout creates a compelling option to live in one portion of the home while renting the other to generate additional income and potentially offset monthly housing expenses. Investors can continue utilizing both spaces as income-producing rentals, offering multiple ways to make the property work for your goals. Just minutes from historic Old Colorado City and Downtown Colorado Springs, enjoy convenient access to restaurants, local shops, breweries, galleries, entertainment, and year-round events. Garden of the Gods, Red Rock Canyon Open Space, Manitou Springs, Colorado College, and abundant outdoor recreation are also within easy reach. Both units are currently being utilized as rentals, with stays commonly extending approximately one month at a time. A professional STR competitive analysis is available for buyers interested in exploring the property's income potential. The seller is also open to including furnishings depending on the offer. This Westside home offers a rare combination of versatility, location, and existing rental use.
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Single Family Coming Soon
FeaturesInteriorInterior Amenities Built-in Features Ceiling Fan(s) High Speed Internet Jack & Jill Bathroom Open Floorplan Smoke Free Stone Counters Walk-In Closet(s)
Basement Full Walk-Out Access
Flooring Laminate Vinyl
Furnished Y/N Furnished
Total Fireplaces 0
Basement (Y/N) Y
Above Grade Finished Area 936
Half Baths 0
1/4 Baths 0
3/4 Baths 1
Laundry Features In Unit Laundry Closet
Total Bedrooms 4
Below Grade Finished Area 585
Main Level Bedrooms 2
Main Level Bathrooms 1
Total Baths 2
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GeneralSewer Public Sewer
Heating Forced Air
Cooling Other
Utilities Cable Available Electricity Available Electricity Connected Natural Gas Available Natural Gas Connected Phone Available
Possession Negotiable Rental Agreement Subject To Tenant Rights
Roof Composition
Appliances Dishwasher Dryer Microwave Range Refrigerator Washer
Zoning R-2
Garage Spaces 0
Patio/Porch Features Covered Deck Front Porch
Construction Materials Frame Stucco
Exclusions Sellers Personal Property
Pets Allowed Cats OK Dogs OK Yes
Year Built 1948
View City Mountain(s)
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Ownership Individual
County El Paso
Property Type Residential
HOA N
Attached Garage N
Subdivision Name West Colorado Springs
Full Baths 1
Status Coming Soon
Directions From Highway 24 exit northeast onto 21st Street. Continue until you reach Armstrong Street and turn right and then contine two blocks and turn right onto Olive Street. Property is the first house on
High School Coronado
City Colorado Springs
Senior Community Y/N N
High School District Colorado Springs 11
Lot Size Units Acres
Lot Size Square Feet 5227.2
Carport Spaces 0
Listing Terms Cash Conventional FHA VA Loan
Elementary School West
Tax Annual Amount 1400
Middle/Junior High School West
Ok to Lease Short Term Lease
Structure Type House
Standard Status Coming Soon
Occupancy Type Tenant
Middle/Junior School District Colorado Springs 11
Elementary School District Colorado Springs 11
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ExteriorExterior Amenities Fire Pit Gas Grill Private Yard Rain Gutters
Fencing Full
Parking Features Concrete
Lot Features Corner Lot Level Many Trees
Water Source Public
Total Parking 4
Lot Size Area 0.12
Foundation Details Slab
Building Area Total 1521
Lot Size Acres 0.12
Road Surface Type Paved
Road Frontage Type Public
Road Responsibility Public Maintained Road
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* Excluded FeaturesList ByKeller Williams Premier Realty, LlcBroker
Affordability Calculator
- Monthly Principal & Interest
- $3,972
- Monthly Property Taxes
- $117
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbySingle family listings in Colorado Springs, CO
Average List Price $644,384
Percent of Sale Price 2%
About Colorado Springs, CO 461,521 Population
27% Since 2002
$ 57,575 Median Income
36.95 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
3615233 Elementary School
1730956 Middle School
Coronado High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/26/2026 | $629,000 | | Listed Price |