1214 N Wahsatch Ave Active Save Request In-Person Tour Request Virtual Tour
Colorado Springs,CO 80903
Key Details
Property Type Single Family Home
Sub Type Residential-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,798 sqft
Price per Sqft $267
Subdivision Hallowells
MLS Listing ID 2995847
Style Ranch
Bedrooms 4
Full Baths 2
Three Quarter Bath 1
HOA Y/N false
Abv Grd Liv Area 2,798
Year Built 1910
Annual Tax Amount $1,972
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Residential-Detached
Source REcolorado
Property Description
TWO HOMES INCLUDED! LIVE IN ONE - RENT THE OTHER OR RENT BOTH FOR A STEADY INCOME! Incredible investor or owner-occupant opportunity in the heart of Colorado Springs Old North End. This legally zoned R-2 single family home with cottage features a fully rented main house leased at $3,000/month through June 2027, and a detached 1 bedroom cottage currently rented at $1,740/month through September 2025 or earlier. When the cottage lease ends, the new owner can either continue renting to college students at premium rates-or live in the cottage and let the front unit's $3,000/month rent cover a significant portion of the mortgage. With separate gas, electric, and water meters for each unit, plus tenant-paid utilities and a landlord-billed trash arrangement, this property offers efficient, predictable cash flow. Recent upgrades include new appliances and forced air heating + central A/C in the main house. A detached three-car garage provides alley access and offers future income potential as premium parking or storage rentals. Both units share access to basement laundry and storage. Located just blocks from Colorado College and downtown, this property benefits from steady year-round rental demand and strong tenant retention. With gross annual rents of $56,880, separately metered utilities, and low property taxes (~$1,900/year), this turnkey asset is ideal for long-term hold, 1031 exchange, or live-in investment. Zoned R-2 in a historic district (no HOA), this is a rare chance to own a flexible, high-performing asset in one of Colorado Springs most desirable neighborhoods.
Location
State CO
County El Paso
Area Out Of Area
Zoning R-2
Direction From E San Miguel St. turn south on Wahsatch Ave.
Rooms
Basement Partial,Walk-Out Access
Primary Bedroom Level Basement
Master Bedroom 20x9
Bedroom 2 Main 12x12
Bedroom 3 Main 10x11
Bedroom 4 Main
Interior
Interior Features Study Area,Eat-in Kitchen,Open Floorplan
Heating Forced Air
Cooling Central Air
Fireplaces Type Family/Recreation Room Fireplace,Single Fireplace
Fireplace true
Appliance Dishwasher,Refrigerator,Disposal
Laundry In Basement
Exterior
Garage Spaces 3.0
Utilities Available Electricity Available,Cable Available
Roof Type Composition
Street Surface Paved,Gravel
Handicap Access Level Lot
Porch Patio,Deck
Building
Lot Description Lawn Sprinkler System,Level,Historic District
Story 1
Sewer City Sewer,Public Sewer
Water City Water
Level or Stories One
Structure Type Wood/Frame
New Construction false
Schools
Elementary Schools Steele
Middle Schools North
High Schools Palmer
School District Colorado Springs 11
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Private Owner