411 Olive Street, Colorado Springs, CO, 80904

Address

411 Olive Street, Colorado Springs, CO

Listing Type

Active

Price

$ 629,000

Property Attributes

MLS#2669587
TypeMulti-Family
Listing Status Active
CountyEL PASO
CityColorado Springs
NeighborhoodColorado Springs
Zip80904
StyleDuplex
Year Built1948
Taxes$ 1400
Price$ 629,000
Bedrooms4
Full Bathrooms2
Half Bathrooms0
Sqr Footage1521
Lot Size0.1217 Acres

Data Source:

elevateMLS

Property Description

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.

Price History
9/9/2026	Listed $629,000

General Features

Living Area	0.0
Sewer	Sewer
Heating	Forced Air
Cooling	Ceiling Fan(s)
Utilities	Cable Available,Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected
Roof	Composite Shingle
Appliances	Dishwasher,Dryer,Microwave Oven,Range,Refrigerator,Washer
Year Built	1948
Tenant Pays	None
Property Subtype	Duplex
Tax Year	2025
Parcel Number	7412215009
ConstructionStatus	Existing
County	El Paso
Property Type	Income
HOA	No
Status	Active
City	Colorado Springs
High School District	Colorado Springs 11
Lot Size Units	SqFt
Lot Size Square Feet	5300.0
Property Attached Y/N	No
Tax Annual Amount	1400.12
MLS Area Minor	West Colorado Springs
Additional Parcels Y/N	No
Assessments Y/N	No
Structure Type	Concrete,Frame
Standard Status	Active