2201 W Pikes Peak Avenue, Colorado Springs, CO 80904
Local realty services provided by:CENTURY 21 CapRock Real Estate
2201 W Pikes Peak Avenue,Colorado Springs, CO 80904
$495,000
- 5 Beds
- 2 Baths
- 1,226 sq. ft.
- Multi-family
- Active
Listed by: drew madayag
Office: kaufman hagan
MLS#:6076879
Source:ML
Price summary
- Price:$495,000
- Price per sq. ft.:$403.75
About this home
County: El Paso
Year Built: 1898
Buildings | Stories: 1 | 1
Total Units: 2
Construction: Wood Siding
Roof Type: Pitched
Gross Building SF: 1,925
Lot SF: 3,480
Parking: Off-Street/Street
Heating: Electric Baseboard
Zoning: R-2
Gas/Electric: Individual
Water/Sewer: Master
The Pikes Peak Duplex offering presents a prime multifamily investment opportunity in the heart of historic Old Colorado City, Colorado Springs. This charming side-by-side duplex delivers two renovated units with strong rental appeal, combining substantial recent capital improvements and remaining cosmetic value-add upside in one of the city’s most vibrant, walkable, and desirable neighborhoods.
Just minutes from Garden of the Gods, Cheyenne Mountain Zoo, The Broadmoor, and Downtown CO Springs, residents enjoy immediate access to premier lifestyle amenities, outdoor recreation, and major employment centers.
Recent upgrades include LVP flooring throughout, PEX plumbing conversion, and complete electrical panel modernization to current code standards. Units feature kitchen updates with backsplash, appliances, cabinets, and sink, plus bathroom renovations with tile and vanity.
This stabilized duplex offers investors a combination of location-driven demand, significant capital improvements, and targeted value-add upside through cosmetic enhancements. With strong in-place performance and long-term appreciation potential in a premium neighborhood, it represents a compelling entry point into the Colorado Springs multifamily market.
HIGHLIGHTS
- LVP flooring replacement throughout
- $30K worth of interior improvements
- Plumbing line replacement to PEX piping
- Electric breaker panel and electric main line upgrade to modern code standards
- Excellent location in the heart of Old Colorado City and 10 minutes west of Downtown CO Springs
- Excellent walkability to unique/vibrant retail shops, restaurants, and entertainment...
Contact an agent
Home facts
- Year built:1898
- Listing ID #:6076879
Rooms and interior
- Bedrooms:5
- Total bathrooms:2
- Living area:1,226 sq. ft.
Heating and cooling
- Heating:Baseboard, Electric
Structure and exterior
- Year built:1898
- Building area:1,226 sq. ft.
- Lot area:0.08 Acres
- Construction Materials:Frame, Wood Siding
- Levels:1 Story
Schools
- High school:Coronado
- Middle school:West
- Elementary school:West
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$495,000
- Price per sq. ft.:$403.75
- Tax amount:$1,227 (2024)
Parking
- Total parking spaces:6
New listings near 2201 W Pikes Peak Avenue
- New
$416,500Active4 beds 3 baths1,779 sq. ft.6542 Sproul Lane, Colorado Springs, CO 80918
MLS# 3294444Listed by: KENDALL ROTH SUKACH - New
$905,337Active4 beds 4 baths4,058 sq. ft.6567 Arabesque Loop, Colorado Springs, CO 80924
MLS# 6464335Listed by: HOUSE HUNTERS, LLC - New
$414,900Active6.89 Acres10230 Alamar Way, Colorado Springs, CO 80908
MLS# 1335034Listed by: THE CUTTING EDGE - New
$800,000Active2 beds 2 baths1,737 sq. ft.108 N Tejon Street #A, Colorado Springs, CO 80903
MLS# 6977200Listed by: MAZZETTI & COMPANY REAL ESTATE GROUP - Open Sun, 1 to 3pmNew
$775,000Active6 beds 4 baths4,194 sq. ft.13867 Antelope Pass Place, Colorado Springs, CO 80921
MLS# 7701204Listed by: EXP REALTY, LLC - New
$250,000Active2 beds 2 baths992 sq. ft.3636 Iguana Drive, Colorado Springs, CO 80910
MLS# 2670883Listed by: THE POLARIS GROUP - New
$660,000Active5 beds 4 baths3,484 sq. ft.9358 Prairie Clover Drive, Colorado Springs, CO 80920
MLS# 4774373Listed by: LIV SOTHEBY'S CASTLE PINES - New
$690,000Active4 beds 4 baths2,947 sq. ft.4045 Cherry Plum Drive, Colorado Springs, CO 80920
MLS# 5509280Listed by: MULDOON ASSOCIATES INC - New
$415,000Active3 beds 3 baths1,603 sq. ft.2384 Sage Grouse Lane, Colorado Springs, CO 80951
MLS# 6765008Listed by: KELLER WILLIAMS PREMIER REALTY - New
$399,000Active3 beds 2 baths1,160 sq. ft.1527 Woodpark Dr, Colorado Springs, CO 80951
MLS# 4099769Listed by: RE/MAX Real Estate Group Inc