411 Olive Street, Colorado Springs, CO, 80904

Upper Unit

Lower Unit

Image Count: 21

$629,000

Highlights
Single Family
4 bd | 2 ba | 1,521 sqft
411 Olive Street, Colorado Springs, CO, 80904 listed by Noah Walz
Active
MLS#: 2761177
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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

Mont Haus International Realty
0081-292-079
00030736

Property Details

General Features

Property: Single Family, Ranch
Year Built: 1948
List Price: $629,000
County: El Paso
School District: Colorado Springs 11

Rooms

Bedrooms: 4
Baths: 1 full bath; 1 3/4 bath;
Master Bathroom Amenities: Tub/Shower
Laundry: Basement, Electric Hook-up, Main

Structure

Foundation: Full Basement, Walk Out
Heating: Forced Air
Cooling: Ceiling Fan
Patio Description: Covered, Wood Deck
Total SqFt: 1,521
Finished SqFt: 1,521
Basement SqFt: 585
Basement % Fin: 100
Construction Status: Existing Home
Siding: Stucco
Structure: Concrete, Frame

Features

Appliances: Dishwasher, Dryer, Microwave Oven, Range, Refrigerator, Washer
Floors: Tile
Entry: Vinyl/Linoleum
Laundry: Basement, Electric Hook-up, Main

Taxes, Utilities, Lot

Tax: $1,400
Lot Size: 0.12 Acres, 5,300 SqFt
Street Description: City/Town Road, Driveway, Paved
Fence: All
Driveway: Paved
Alley: Gravel
Lot Location: Near Fire Station, Near Hospital, Near Park, Near Public Transit, Near Schools
Lot Description: City View, Mountain View, Trees/Woods
Existing Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected
Existing Water: Municipal

Community

Pet Type: Bird, Cat, Chicken, Dog, Fish, Reptile

Additional Information

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