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.
For sale
$449,900
111 W Fountain Blvd, Colorado Springs, CO 80903
5beds
3baths
--sqft
MultiFamily
Built in 1898
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 133 days
- 273
- 40
Zillow last checked:
Listing updated:
Listed by:
Caleb Skelton 719-216-4057,
Buy Smart Colorado,
Jeff Skelton 719-440-1676
Source: elevateMLS,MLS#: 3559371
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: $304,917
- 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
| Date | Event | Price |
|---|---|---|
| 7/6/2026 | Price change | $449,900-4.2% |
Source: | ||
| 6/9/2026 | Listed for sale | $469,500-6.1% |
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| 9/29/2025 | Listing removed | $2,200 |
Source: Zillow Rentals Report a problem | ||
| 9/22/2025 | Price change | $2,200-8.3% |
Source: Zillow Rentals Report a problem | ||
| 8/20/2025 | Listed for rent | $2,400+4.3% |
Source: Zillow Rentals Report a problem | ||
| 8/5/2025 | Listing removed | $2,300 |
Source: Zillow Rentals Report a problem | ||
| 7/9/2025 | Listed for rent | $2,300+27.8% |
Source: Zillow Rentals Report a problem | ||
| 9/16/2024 | Listing removed | $1,800 |
Source: Zillow Rentals Report a problem | ||
| 9/16/2024 | Price change | $1,800+2.9% |
Source: Zillow Rentals Report a problem | ||
| 9/13/2024 | Listed for rent | $1,750+45.8% |
Source: Zillow Rentals Report a problem | ||
| 8/27/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/15/2024 | Price change | $1,200-14.3% |
Source: Zillow Rentals Report a problem | ||
| 8/6/2024 | Listed for rent | $1,400 |
Source: Zillow Rentals Report a problem | ||
| 7/19/2024 | Listing removed | -- |
Source: | ||
| 5/26/2024 | Price change | $499,900-9.1% |
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| 5/14/2024 | Listed for sale | $550,000+111.5% |
Source: | ||
| 4/13/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/8/2024 | Listed for rent | $1,400 |
Source: Zillow Rentals Report a problem | ||
| 2/8/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/6/2024 | Price change | $1,400-6.7% |
Source: Zillow Rentals Report a problem | ||
| 1/6/2024 | Listed for rent | $1,500 |
Source: Zillow Rentals Report a problem | ||
| 1/2/2024 | Sold | $260,000-14.8% |
Source: | ||
| 11/21/2023 | Contingent | $305,000 |
Source: | ||
| 10/26/2023 | Price change | $305,000-3.2% |
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| 7/28/2023 | Listed for sale | $315,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,099 +11.2% | $21,500 -11.1% |
| 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
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Neighborhood: Downtown
Nearby schools
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.






