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506 Swope Avenue, Colorado Springs, CO, 80909

Image Count: 45

$385,000

  • Highlights
  • Income
  • Multi Family
  • 506 Swope Avenue, Colorado Springs, CO, 80909 listed by Jorge Manjarez
  • Active
  • MLS#: 7271057
  • View on Map
Space maker

Property Description

Turnkey Income Property | Duplex | R-4 Zoning | Development Opportunity Exceptional investment opportunity in the rapidly growing Knob Hill area of Colorado Springs. This income-producing duplex offers immediate rental income, flexible leasing options, and significant future development potential on an R-4 zoned lot. The property consists of two separate, fully furnished residential units that are well-suited for executive housing, corporate rentals, traveling professionals, military personnel, medical professionals, relocation clients, or traditional long-term tenants. The front residence is a spacious 2-bedroom, 1-bath home featuring updated finishes, a functional floor plan, dedicated workspace, and inviting outdoor living areas. The rear residence is a private 1-bedroom, 1-bath unit offering comfortable accommodations and independent living space. Located in a highly accessible central Colorado Springs location, the property is minutes from Downtown Colorado Springs, Memorial Hospital, the Olympic & Paralympic Training Center, major military installations, shopping, dining, and employment centers. The area's strong demand for furnished and executive housing creates multiple income strategies for investors and owner-operators alike. The true value-add opportunity lies in the expansive R-4 zoned lot. The rear portion of the property provides potential for additional residential development, allowing investors to explore increased density and future income growth opportunities. Buyers should verify zoning, development standards, utility capacity, and permitted uses with the City of Colorado Springs. Whether you're seeking a turnkey furnished rental investment, a multifamily asset with stable income potential, or a development opportunity with long-term upside, this property offers flexibility and multiple avenues for value creation.

Property Listed By

Picture of REALTOR Listing Property
  • Jorge Manjarez
  • 0887-902-917  Call the Agent 
Picture of Office Listing Property
  • VARA: The Real Estate Collective
  • 0041-354-917  Call the Agent 

Property Details

    General Features

  • Property Type: Multi Family
  • Year Built: 1937
  • County: El Paso
  • School District: Colorado Springs 11
  • List Price: $385,000

    Unit Information

    Beds Baths Parking Rent SqFt
    2 1 $2,200 680
    1 1 $1,500 510
  • Total Units: 2
  • Total Rent: $3,700

    Structure

  • Foundation: Partial Basement
  • Structure: Frame
  • Construction Status: Existing
  • Siding: Alum/Vinyl/Steel, Masonite Type
  • Window Type: Aluminum, Vinyl
  • Fence: All
  • Alley: Gravel
  • Fence: All

    Features

  • Heating: Baseboard, Forced Air
  • Cooling: Wall Unit
  • Laundry: Electric Hook-up
  • Appliances: 220v in Kitchen, Dishwasher, Dryer, Gas Grill, Kitchen Vent Fan, Microwave Oven, Range, Refrigerator, Washer

    Taxes, Utilities, Lot

  • Tax: $688
  • Lot Size: 0.17 Acres, 7,500 SqFt
  • Appliances: 220v in Kitchen, Dishwasher, Dryer, Gas Grill, Kitchen Vent Fan, Microwave Oven, Range, Refrigerator, Washer
  • Laundry: Electric Hook-up
  • Heating: Baseboard, Forced Air
  • Cooling: Wall Unit
  • Existing Water: Municipal
  • Existing Utilities: Cable Connected, Electricity Connected, Natural Gas Connected
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          506 Swope Avenue, Colorado Springs, CO, 80909

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          Disclaimer: The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.