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For sale
  • Price cut: $19.6K (7/6)
    $449,900

    111 W Fountain Blvd, Colorado Springs, CO 80903

    5beds
    3baths
    --sqft
    : 
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    MultiFamily
    Built in 1898
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Exceptional opportunity with immediate cash flow. This fully leased income property, featuring a 4 bed 2 bath main residence, and a detached 1 bed 1 bath cottage. Both units are occupied by long term tenants, providing stable and established rental income from day one. Extensively remodeled throughout, both residences have been thoughtfully updated with modern finishes refreshed interiors, updated kitchens, remodeled bathrooms, and contemporary flooring. Separate laundry facilities for each unit add convenience and tenant appeal, while the detached cottage offers privacy and additional income potential. The property blends classic character with modern improvements and features a fully fenced yard, mature landscaping, and ample outdoor space. Landlord currently pays water, gas, and electric. Conveniently located near downtown Colorado Springs, shopping, dining, parks, and major commuter routes, this turnkey investment presents a rare opportunity to acquire a renovated, income producing property with strong existing tenancy already in place.
    38 days
    |
    399
    |
    26
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Caleb Skelton 719-216-4057,

    Buy Smart Colorado,

    Jeff Skelton 719-440-1676

    Source: elevateMLS,MLS#: 3559371MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      Heating
      • Baseboard, Electric, Natural Gas
      Cooling
      • None
      Appliances
      • Included: Oven, Refrigerator
      • Laundry: Electric Hook-up

      Property

      Lot
      • Size: 3,598 Square Feet
      Details
      • Parcel number: 6419214003

      Construction

      Type & style
      • Home type: MultiFamily
      Condition
      • Existing
      • New construction: No
      • Year built: 1898

      Utilities & green energy

      • Water: Municipal
      • Utilities for property: See Remarks

      Community & HOA

      Location
      • Region: Colorado Springs

      Financial & listing details

      • Tax assessed value: $360,871
      • Annual tax amount: $1,058
      • Date on market: 6/9/2026
      • Listing terms: Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/6/2026Price change$449,900-4.2%
        Source: elevateMLS #3559371 Report a problem
        6/9/2026Listed for sale$469,500-6.1%
        Source: elevateMLS #3559371 Report a problem
        9/29/2025Listing removed$2,200
        Source: Zillow Rentals Report a problem
        9/22/2025Price change$2,200-8.3%
        Source: Zillow Rentals Report a problem
        8/20/2025Listed for rent$2,400+4.3%
        Source: Zillow Rentals Report a problem
        8/5/2025Listing removed$2,300
        Source: Zillow Rentals Report a problem
        7/9/2025Listed for rent$2,300+27.8%
        Source: Zillow Rentals Report a problem
        9/16/2024Listing removed$1,800
        Source: Zillow Rentals Report a problem
        9/16/2024Price change$1,800+2.9%
        Source: Zillow Rentals Report a problem
        9/13/2024Listed for rent$1,750+45.8%
        Source: Zillow Rentals Report a problem
        8/27/2024Listing removed--
        Source: Zillow Rentals Report a problem
        8/15/2024Price change$1,200-14.3%
        Source: Zillow Rentals Report a problem
        8/6/2024Listed for rent$1,400
        Source: Zillow Rentals Report a problem
        7/19/2024Listing removed--
        Source: elevateMLS #2030044 Report a problem
        5/26/2024Price change$499,900-9.1%
        Source: elevateMLS #2030044 Report a problem
        5/14/2024Listed for sale$550,000+111.5%
        Source: elevateMLS #2030044 Report a problem
        4/13/2024Listing removed--
        Source: Zillow Rentals Report a problem
        4/8/2024Listed for rent$1,400
        Source: Zillow Rentals Report a problem
        2/8/2024Listing removed--
        Source: Zillow Rentals Report a problem
        2/6/2024Price change$1,400-6.7%
        Source: Zillow Rentals Report a problem
        1/6/2024Listed for rent$1,500
        Source: Zillow Rentals Report a problem
        1/2/2024Sold$260,000-14.8%
        Source: elevateMLS #7738196 Report a problem
        11/21/2023Contingent$305,000
        Source: elevateMLS #7738196 Report a problem
        10/26/2023Price change$305,000-3.2%
        Source: elevateMLS #7738196 Report a problem
        7/28/2023Listed for sale$315,000
        Source: elevateMLS #7738196 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$989 +29.3%$24,180
        2023$764 -7.9%$24,180 +77%
        2022$830 $13,660 -2.8%
        2021-- $14,060 +17.3%
        2020$814 +0.5%$11,990
        2019$809 +28.1%$11,990 +31.9%
        2018$632 -5.3%$9,090
        2017$667 +5.6%$9,090 +1.8%
        2016$632 +22%$8,930
        2015$518 +2.1%$8,930 +5.9%
        2014$507 $8,430
        2013-- --
        2012-- $8,430
        2011$534 $8,430 -7%
        2010-- $9,060
        2009-- $9,060 -1.9%
        2008-- $9,240
        2006-- $9,240 +23.5%
        2004-- $7,480
        2003$486 +3.7%$7,480 -12.4%
        2002$468 +3.5%$8,540 +9.5%
        2001$453 $7,800
        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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Downtown

        Getting around

        59 / 100
        Somewhat Walkable
        48 / 100
        Some Transit
        64 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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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