411 Olive Street

Colorado Springs, CO 80904
$629,000
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 alsoRead MoreRead Less
Market LogoCourtesy of Mont Haus International Realty.Noah Walz, 970-292-1800
Listing Snapshot
Days Online
2
Last Updated
Property Type
Duplex
Lot Size
0.12 Acres
Year Built
1948
MLS Number
2669587
Property Location Map
Additional Details
Appliances & Equipment
Appliances: Dishwasher, Dryer, Microwave Oven, Range, Refrigerator, Washer
Basement
Basement: Full Basement, Walk Out
Building
Living Area: 0, Number Of Units Total: 2, Year Built: 1948, Structure Type: Concrete, Frame
Cooling
Cooling: Ceiling Fan(s)
Fence
Fencing: All
Fireplaces
Features: None
Heating
Heating: Forced Air
Laundry
Features: Common, Electric Hook-up
Lot
0.1217 acres, 5,300 square feet
Owner Pays
Owner Name: Hector Marrero, Owner Pays: Electric, Gas, Lawn Care, Snow Removal, Trash, Water
Property
Parcel Number: 7412215009, Property Sub Type: Duplex, Zoning: R-2
Roof
Roof: Composite Shingle
Sewer
Sewer: Sewer
Taxes
Annual Amount: $1,400
Tenant Pays
Tenant Pays: None
Utilities
Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Water Source: Municipal
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Tony Casados
Realtor®
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