411 Olive Street, Colorado Springs, CO, 80904

Main Floor Unit Entrance

Main Floor Unit

Backyard

Main Floor Unit back of house entrance.

Basement Unit Entrance

Basement Unit

Basement Unit Entrance

Yard

Image Count: 28

$629,000

Highlights
Income
Duplex
411 Olive Street, Colorado Springs, CO, 80904 listed by Noah Walz
Active
MLS#: 2799155
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Space maker

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.

Property Listed By

Noah Walz
2671-003-319
230031235

Keller Williams Premier Realty
4320-544-917
00006166

Property Details

General Features

Property Type: Duplex
Year Built: 1948
County: El Paso
School District: Colorado Springs 11
List Price: $629,000

Unit Information

Beds	Baths	Parking	Rent	SqFt
2	1			936
2	1			585

Total Units: 2

Structure

Foundation: Full Basement, Walk Out
Structure: Concrete, Frame
Construction Status: Existing
Siding: Stucco
Fence: All
Alley: Paved
Fence: All

Features

Heating: Forced Air
Cooling: Ceiling Fan
Laundry: Common, Electric Hook-up
Appliances: Dishwasher, Dryer, Microwave Oven, Range, Refrigerator, Washer

Taxes, Utilities, Lot

Tax: $1,400
Lot Size: 0.12 Acres, 5,300 SqFt
Appliances: Dishwasher, Dryer, Microwave Oven, Range, Refrigerator, Washer
Laundry: Common, Electric Hook-up
Heating: Forced Air
Cooling: Ceiling Fan
Existing Water: Municipal
Existing Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected

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