Wonderful income property featuring 3 units with separate entrances. The main house could easily be converter back into one unit. Over 2,000 square feet in the main home and approximately 400 square feet in the charming cottage. Ideally located within walking distance to Memorial Hospital and the Olympic Training Center, the property includes two fully fenced homes situated across three lots. With ample off-street parking and strong rental potential, this property offers excellent income opportunities.
For sale
$550,000
1012 Iowa Ave, Colorado Springs, CO 80909
6beds
4baths
2,488sqft
Single Family Residence
Built in 1941
-- sqft lot
$-- Zestimate®
$221/sqft
$-- HOA
What's special
- 165 days |
- 259 |
- 13 |
Zillow last checked:
Listing updated:
Listed by:
Christopher Morrison 719-271-7051,
Action Team Realty
Source: elevateMLS,MLS#: 8107189
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: 220v in Kitchen, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
- Laundry: Electric Hook-up
Features
- Basement: Full
- Has fireplace: Yes
- Fireplace features: Basement
Interior area
- Total structure area: 2,488
- Total interior livable area: 2,488 sqft
Property
Features
- Fencing: Full
Lot
- Size: 0.28 Acres
Details
- Parcel number: 6409304008
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Single Family Residence
Materials
- Stucco, Framed on Lot
- Roof: Composite Shingle
Condition
- Existing
- New construction: No
- Year built: 1941
Utilities & green energy
- Water: Municipal
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Available, Phone Available
Community & HOA
Location
- Region: Colorado Springs
Financial & listing details
- Price per square foot: $221/sqft
- Tax assessed value: $451,431
- Annual tax amount: $1,479
- Date on market: 3/13/2026
- Listing terms: Assumable,Cash,Conventional,VA Loan
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 3/30/2026 | Price change | $550,000-4.3%$221/sqft |
Source:  elevateMLS #8107189 Report a problem | ||
| 3/27/2026 | Price change | $575,000-4%$231/sqft |
Source: elevateMLS #8107189 Report a problem | ||
| 3/13/2026 | Listed for sale | $599,000+4.2%$241/sqft |
Source: elevateMLS #8107189 Report a problem | ||
| 7/22/2021 | Sold | $575,000-4%$231/sqft |
Source: Public Record Report a problem | ||
| 6/18/2021 | Pending sale | $599,000$241/sqft |
Source:  Engel & Volkers #7051970 Report a problem | ||
| 6/18/2021 | Contingent | $599,000$241/sqft |
Source: elevateMLS #3173020 Report a problem | ||
| 6/7/2021 | Listed for sale | $599,000$241/sqft |
Source: Engel & Volkers #7051970 Report a problem | ||
| 5/4/2021 | Pending sale | $599,000$241/sqft |
Source: Engel & Volkers #7051970 Report a problem | ||
| 5/4/2021 | Listed for sale | $599,000$241/sqft |
Source: Engel & Volkers #7051970 Report a problem | ||
| 4/22/2021 | Contingent | $599,000$241/sqft |
Source: elevateMLS #3173020 Report a problem | ||
| 4/22/2021 | Pending sale | $599,000$241/sqft |
Source: Engel & Volkers #7051970 Report a problem | ||
| 4/17/2021 | Listed for sale | $599,000$241/sqft |
Source: elevateMLS #3173020 Report a problem | ||
| 4/6/2021 | Pending sale | $599,000$241/sqft |
Source: Engel & Volkers #7051970 Report a problem | ||
| 4/5/2021 | Contingent | $599,000$241/sqft |
Source: elevateMLS #3173020 Report a problem | ||
| 3/18/2021 | Price change | $599,000-4.9%$241/sqft |
Source: elevateMLS #3173020 Report a problem | ||
| 2/16/2021 | Price change | $630,000-4.7%$253/sqft |
Source: Engel & Voelkers Denver #7051970 Report a problem | ||
| 1/29/2021 | Listed for sale | $661,000+32.5%$266/sqft |
Source: Engel & Voelkers Denver #7051970 Report a problem | ||
| 1/14/2021 | Listing removed | -- |
Source: Engel & Volkers Report a problem | ||
| 11/28/2020 | Pending sale | $499,000$201/sqft |
Source: Engel & Voelkers Denver #4513277 Report a problem | ||
| 11/25/2020 | Listed for sale | $499,000$201/sqft |
Source: Engel & Voelkers Denver #4513277 Report a problem | ||
| 11/18/2020 | Pending sale | $499,000$201/sqft |
Source: Engel & Voelkers Denver #4513277 Report a problem | ||
| 1/28/2020 | Listed for sale | $499,000$201/sqft |
Source: Engel & V�lkers Denver #4513277 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,321 +11.5% | $30,250 |
| 2023 | $1,185 -7.8% | $30,250 +42.9% |
| 2022 | $1,285 | $21,170 -2.8% |
| 2021 | -- | $21,780 +24.2% |
| 2020 | $1,190 +0.5% | $17,540 |
| 2019 | $1,184 +22.9% | $17,540 +26.6% |
| 2018 | $963 -5.3% | $13,860 |
| 2017 | $1,017 +5.6% | $13,860 +4.4% |
| 2016 | $963 +25.2% | $13,270 |
| 2015 | $769 +3.8% | $13,270 +7.7% |
| 2014 | $741 | $12,320 |
| 2013 | -- | -- |
| 2011 | $836 | $12,750 -10% |
| 2010 | -- | $14,170 -0.1% |
| 2008 | -- | $14,180 |
| 2006 | -- | $14,180 +21.2% |
| 2004 | -- | $11,700 |
| 2003 | $749 +3.7% | $11,700 -11.2% |
| 2002 | $722 -0.4% | $13,170 +5.4% |
| 2001 | $725 | $12,490 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Central Colorado Springs
Nearby schools
GreatSchools rating
- 6/10Queen Palmer Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 1/10Galileo School Of Math And ScienceGrades: 6-8Distance: 0.7 mi
- 4/10Palmer High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- District: Colorado Springs 11
Source: elevateMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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