111 W Fountain Boulevard Colorado Springs, CO $ 469,500
111 W Fountain Boulevard
$ 469,500
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111 W Fountain Boulevard

Colorado Springs, CO, 80903
$ 469,500
Baths0.0

Monthly Estimate*

$ 2,891

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Studio

Multi-Family Home for sale in Colorado Springs, CO

for $469,500. This home was built in 1898 on a lot size of 0.0826.

Exceptional opportunity with immediate cash flow. This fully leased income property generates a combined $3,985.00 per month, featuring a 4 bed 2 bath main residence, and a detached 1 bed 1 bath cottage. Both units are occupied by long term tenants, providing stable and established rental income from day one. Extensively remodeled throughout, both residences have been thoughtfully updated with modern finishes refreshed interiors, updated kitchens, remodeled bathrooms, and contemporary flooring. Separate laundry facilities for each unit add convenience and tenant appeal, while the detached cottage offers privacy and additional income potential. The property blends classic character with modern improvements and features a fully fenced yard, mature landscaping, and ample outdoor space. Landlord currently pays water, gas, and electric. Conveniently located near downtown Colorado Springs, shopping, dining, parks, and major commuter routes, this turnkey investment presents a rare opportunity to acquire a renovated, income producing property with strong existing tenancy already in place. Current Gross Monthly Income $3,985.00 Current Gross Annual Income $47,820.00

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Multi-Family Active

Price

$ 469,500

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,058

Style

Multi Family

Lot Size

0.0826

Year Built

1898

Town/City

Colorado Springs

County/Region

El Paso

MLS | Web ID

3559371

Features
General
Utilities See Prop Desc Remarks
Appliances Oven Refrigerator
Water Municipal
School District Colorado Springs 11
Property Type Income
Yearly Taxes 1058.00
Tax Year 2025
Status Active
Sub Type Multi Family
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Exterior
Lot Size 3600.0000
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Interior
Laundry Facility Electric Hook-up
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* Excluded Features
List By
Buy Smart Colorado

Broker

caleb@peakpropertyteam.com

Email

Affordability Calculator

$2,979
Per Month
97%
3%
0%
Monthly Principal & Interest
$2,891
Monthly Property Taxes
$88
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
6/9/2026$469,500 Listed Price

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111 W Fountain Boulevard, Colorado Springs, CO, 80903 is a Multi-Family Home for sale at $469,500 with a lot size of 0.0826. 111 W Fountain Boulevard is a studio with 0.0 baths and was built in 1898. The property's zip code is 80903 which is in Colorado Springs, CO