Prime Investment Opportunity in the Heart of Old Colorado City!
Unlock the potential of this versatile mixed-use property in one of Colorado Springs’ most desirable locations. Featuring a charming 3-bedroom, 2-bathroom main home, a recently remodeled rear cottage, and a detached 2-car garage with its own bathroom, this property offers multiple opportunities for income generation, business use, or owner occupancy.
The flexible layout provides potential for long-term rental income, a live/work arrangement, or a combination of residential and business uses. The rear cottage offers additional flexibility for rental income, guest accommodations, or a private workspace, while the detached garage presents potential for a workshop, studio, etc.
Parking is a rare advantage in this highly walkable area, with an extra-long driveway, additional dedicated parking space, and a spacious 2-car garage—ideal for tenants, guests, clients, or business operations.
Located within walking distance of Old Colorado City’s popular shops, restaurants, and attractions, and just minutes from Manitou Springs, scenic hiking trails, and outdoor recreation, this property combines a sought-after location with exceptional versatility.
Whether you're an investor seeking multiple income opportunities, an entrepreneur looking for a live/work property, or an owner-occupant wanting additional income potential, this is a unique opportunity to capitalize on location, flexibility, and long-term value.
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Listing Snapshot
Price
$500,000
Days On Site
0 Days
Bedrooms
3
Inside Area (SqFt)
2,612 sqft
Total Baths
2
Full Baths
1
Partial Baths
1
Lot Size
0.168 Acres
Year Built
1905
MLS® Number
1837095
Status
Active
Property Tax
$2,114.03
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
React
Invite
Recent Activity
7 hours ago
Listing updated with changes from the MLS®
7 hours ago
Listing first seen on site
General Features
Acres
0.168
Garage
Yes
Garage Spaces
2
Parking
ConcreteDrivewayHeated GarageWorkshop in GarageDetached
Property Sub Type
Single Family Residence
SqFt Above
1651
SqFt Total
2769
Style
1.5 Story
Utilities
Cable AvailableElectricity ConnectedNatural Gas ConnectedNatural Gas Available
Water Source
Public
Interior Features
Appliances
DishwasherDisposalDryerOvenRefrigeratorWasher
Basement
FullPartially Finished
Cooling
Ceiling Fan(s)Central Air
Electric
220 Volts in Garage
Fireplace Features
BasementWood Burning
Flooring
CarpetCeramic TileOther
Heating
BaseboardElectricForced AirNatural GasWood
Interior
PantryHigh Ceilings
Laundry Features
In Basement
Window Features
Aluminum Frames
Bathroom
Dimensions - 9.0x8.0Level - Main
Bedroom
Dimensions - 15.0x16.0Level - Upper
Dining Room
Dimensions - 13.0x12.0Level - Main
Family Room
Dimensions - 26.0x26.0Level - Basement
Kitchen
Dimensions - 11.0x16.0Level - Main
Laundry
Dimensions - 12.0x11.0Level - Basement
Living Room
Dimensions - 17.0x24.0Level - Main
Master Bedroom
Dimensions - 10.0x16.0Level - Main
Other Room
Dimensions - 8.0x10.0Level - MainFeatures - See Remarks
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Last checked: 2026-10-18 09:58 PM UTC
Neighborhood & Commute
Source: Walkscore
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