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For sale
    • Price cut: $30K (7/16)
    $440,000

    2201 W Pikes Peak Avenue, Colorado Springs, CO 80904

    5beds
    2baths
    1,226sqft
    : 
    $2,726/mo
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    Duplex
    Built in 1898
    -- sqft lot
    $439,000 Zestimate®
    $359/sqft
    $-- HOA

    What's special

    Charming side-by-side duplexPex plumbing conversionTwo renovated unitsLvp flooring throughout
    County: El Paso Year Built: 1898 Buildings | Stories: 1 | 1 Total Units: 2 Construction: Wood Siding Roof Type: Pitched Gross Building SF: 1,925 Lot SF: 3,480 Parking: Off-Street/Street Heating: Electric Baseboard Zoning: R-2 Gas/Electric: Individual Water/Sewer: Master The Pikes Peak Duplex offering presents a prime multifamily investment opportunity in the heart of historic Old Colorado City, Colorado Springs. This charming side-by-side duplex delivers two renovated units with strong rental appeal, combining substantial recent capital improvements and remaining cosmetic value-add upside in one of the city’s most vibrant, walkable, and desirable neighborhoods. Just minutes from Garden of the Gods, Cheyenne Mountain Zoo, The Broadmoor, and Downtown CO Springs, residents enjoy immediate access to premier lifestyle amenities, outdoor recreation, and major employment centers. Recent upgrades include LVP flooring throughout, PEX plumbing conversion, and complete electrical panel modernization to current code standards. Units feature kitchen updates with backsplash, appliances, cabinets, and sink, plus bathroom renovations with tile and vanity. This stabilized duplex offers investors a combination of location-driven demand, significant capital improvements, and targeted value-add upside through cosmetic enhancements. With strong in-place performance and long-term appreciation potential in a premium neighborhood, it represents a compelling entry point into the Colorado Springs multifamily market. HIGHLIGHTS - LVP flooring replacement throughout - $30K worth of interior improvements - Plumbing line replacement to PEX piping - Electric breaker panel and electric main line upgrade to modern code standards - Excellent location in the heart of Old Colorado City and 10 minutes west of Downtown CO Springs - Excellent walkability to unique/vibrant retail shops, restaurants, and entertainment
    153 days
    |
    526
    |
    26
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Drew Madayag 303-859-0682 drew@khcommercial.com,

    Kaufman Hagan

    Source: REcolorado as distributed by MLS GRID,MLS#: 6076879MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 2
      Heating
      • Baseboard, Electric
      Cooling
      • Has cooling: Yes
      Features
      • Has basement: No
      • Common walls with other units/homes: 1 Common Wall,2+ Common Walls
      Interior area
      • Total structure area: 1,226
      • Total interior livable area: 1,226 sqft
      • Finished area above ground: 1,226

      Property

      Parking
      • Total spaces: 6
      • Details: Off Street Spaces: 6
      Features
      • Levels: One
      • Stories: 1
      Lot
      • Size: 3,480 Square Feet
      Details
      • Parcel number: 7411412001
      • Zoning: R-2
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex
      • Attached to another structure: Yes
      Materials
      • Frame, Wood Siding
      • Roof: Unknown
      Condition
      • Year built: 1898

      Utilities & green energy

      • Sewer: Public Sewer

      Community & HOA

      Community
      • Subdivision: Pleasant Valley
      HOA
      • Has HOA: No
      Location
      • Region: Colorado Springs

      Financial & listing details

      • Price per square foot: $359/sqft
      • Tax assessed value: $395,263
      • Annual tax amount: $1,227
      • Date on market: 3/6/2026
      • Listing terms: Cash,Conventional
      • Exclusions: Any And All Private Property.
      • Ownership: Individual

        Estimated market value

        $439,000

        $417,000 - $461,000

        $1,786/mo

        Price history

        DateEventPrice
        7/16/2026Price change$440,000-6.4%$359/sqft
        Source: REcolorado as distributed by MLS GRID #6076879 Report a problem
        6/11/2026Price change$470,000-3.1%$383/sqft
        Source: REcolorado as distributed by MLS GRID #6076879 Report a problem
        4/27/2026Price change$485,000-2%$396/sqft
        Source: REcolorado as distributed by MLS GRID #6076879 Report a problem
        3/7/2026Listed for sale$495,000+3.3%$404/sqft
        Source: REcolorado as distributed by MLS GRID #6076879 Report a problem
        1/20/2026Listing removed$1,633$1/sqft
        Source: Zillow Rentals Report a problem
        1/7/2026Price change$1,633+10%$1/sqft
        Source: Zillow Rentals Report a problem
        11/26/2025Listed for rent$1,485$1/sqft
        Source: Zillow Rentals Report a problem
        1/21/2025Listing removed$1,485$1/sqft
        Source: Zillow Rentals Report a problem
        1/3/2025Listed for rent$1,485$1/sqft
        Source: Zillow Rentals Report a problem
        9/12/2024Listing removed$1,485$1/sqft
        Source: Zillow Rentals Report a problem
        6/2/2023Listing removed--
        Source: Zillow Rentals Report a problem
        5/5/2023Price change$1,485-10%$1/sqft
        Source: Zillow Rentals Report a problem
        5/3/2023Price change$479,000-2%$391/sqft
        Source: elevateMLS #2206710 Report a problem
        5/1/2023Listed for sale$489,000$399/sqft
        Source: elevateMLS #2206710 Report a problem
        4/29/2023Listing removed--
        Source: elevateMLS #7355967 Report a problem
        3/29/2023Price change$489,000-1.2%$399/sqft
        Source: elevateMLS #7355967 Report a problem
        2/21/2023Price change$495,000-2%$404/sqft
        Source: elevateMLS #7355967 Report a problem
        2/20/2023Price change$1,650-5.7%$1/sqft
        Source: Zillow Rentals Report a problem
        2/13/2023Price change$505,000-4.7%$412/sqft
        Source: elevateMLS #7355967 Report a problem
        2/7/2023Listed for rent$1,750-2.8%$1/sqft
        Source: Zillow Rentals Report a problem
        1/30/2023Listed for sale$530,000+24.3%$432/sqft
        Source: elevateMLS #7355967 Report a problem
        1/10/2023Listing removed--
        Source: Zillow Rentals Report a problem
        12/30/2022Listed for rent$1,800$1/sqft
        Source: Zillow Rentals Report a problem
        4/7/2022Sold$426,500+287.7%$348/sqft
        Source: Public Record Report a problem
        4/4/2006Sold$110,000-0.6%$90/sqft
        Source: Public Record Report a problem
        11/4/2004Sold$110,660+26.5%$90/sqft
        Source: Public Record Report a problem
        8/11/1998Sold$87,500$71/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$1,115 +25.9%$26,480
        2023$886 -9.8%$26,480 +67.3%
        2022$982 $15,830 -4.9%
        2021-- $16,640 +15%
        2020$982 +0.5%$14,470
        2019$977 +21.3%$14,470 +24.8%
        2018$805 -5.3%$11,590
        2017$850 +5.6%$11,590 +2.7%
        2016$805 +23.1%$11,290
        2015$655 +5%$11,290 +9%
        2014$623 $10,360
        2013-- --
        2012-- $10,160
        2011$624 $10,160 -4%
        2010-- $10,580
        2009-- $10,580 -8.1%
        2008-- $11,510
        2006-- $11,510 +17.9%
        2004-- $9,760
        2003$547 +3.7%$9,760 +1.6%
        2002$527 +22.6%$9,610 +29.7%
        2001$430 $7,410
        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.
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        Climate risks

        Neighborhood: Old Colorado City

        Getting around

        90 / 100
        Very Walkable
        31 / 100
        Some Transit
        84 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: West
        • Middle: West
        • High: Coronado
        • District: Colorado Springs 11

        Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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