This updated income property located just two blocks from Colorado College makes for the perfect long term investment. The duplex was opened up into one unit with a secondary half kitchen, however the home still has hookups for two gas and electric meters. The home has newly remodeled bathrooms and kitchens including all new appliances. The property also has all new interior/exterior paint, light fixtures, new A/C, concrete back patio, and most of the windows have been replaced. The large lot allows for future development and has plenty of off street parking. This is truly a rare investment property due to the high cash flow, zoning, and location!
Sold for $700,000
$700,000
605 N Cascade Ave, Colorado Springs, CO 80903
--beds
--baths
--sqft
Single Family Residence
Built in 1899
-- sqft lot
$711,200 Zestimate®
$--/sqft
$1,841 Estimated rent
Home value
$711,200
$661,000 - $768,000
$1,841/mo
Zestimate® history
Owner options
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$1,841/mo
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$1,841/mo
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$4,050/mo
Est. payment
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$4,050/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Benjamin Kennedy SRES 719-310-1914,
ERA Shields Real Estate
Bought with:
Mark Hirleman
Lion Realty LLC
Source: elevateMLS,MLS#: 9029040
Facts & features
Interior
Heating
- Forced Air
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Laundry: Common Area
Features
- Basement: Partial
Property
Lot
- Size: 9,500 Square Feet
Details
- Parcel number: 6407308016
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Single Family Residence
Materials
- Stucco
- Foundation: Crawl Space
Condition
- Year built: 1899
Utilities & green energy
- Water: Municipal
- Utilities for property: Natural Gas Connected
Community & HOA
Location
- Region: Colorado Springs
Financial & listing details
- Tax assessed value: $586,002
- Annual tax amount: $2,300
- Date on market: 8/19/2023
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 11/12/2025 | Listing removed | $4,250 |
Source: Zillow Rentals Report a problem | ||
| 11/4/2025 | Price change | $4,250-5.6% |
Source: Zillow Rentals Report a problem | ||
| 10/7/2025 | Price change | $4,500-5.3% |
Source: Zillow Rentals Report a problem | ||
| 10/3/2025 | Price change | $4,750-5% |
Source: Zillow Rentals Report a problem | ||
| 9/18/2025 | Listed for rent | $5,000 |
Source: Zillow Rentals Report a problem | ||
| 9/11/2024 | Listing removed | $5,000 |
Source: Zillow Rentals Report a problem | ||
| 9/10/2024 | Listed for rent | $5,000+5.3% |
Source: Zillow Rentals Report a problem | ||
| 9/26/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 9/18/2023 | Listed for rent | $4,750 |
Source: Zillow Rentals Report a problem | ||
| 8/17/2023 | Sold | $700,000-1.4% |
Source:  elevateMLS #9029040 Report a problem | ||
| 7/10/2023 | Listed for sale | $710,000 |
Source: elevateMLS #9029040 Report a problem | ||
| 6/2/2023 | Contingent | $710,000 |
Source: elevateMLS #9029040 Report a problem | ||
| 5/15/2023 | Price change | $710,000-2.1% |
Source: elevateMLS #9029040 Report a problem | ||
| 4/17/2023 | Listed for sale | $725,000+57.6% |
Source: elevateMLS #9029040 Report a problem | ||
| 11/17/2022 | Sold | $460,000+27.8% |
Source: Public Record Report a problem | ||
| 4/11/2010 | Listing removed | $360,000 |
Source: NRT Denver #651403 Report a problem | ||
| 10/7/2009 | Listed for sale | $360,000+10.8% |
Source: NRT Denver #651403 Report a problem | ||
| 5/9/2005 | Sold | $325,000+138.1% |
Source: Public Record Report a problem | ||
| 11/29/1994 | Sold | $136,500+18.7% |
Source: Public Record Report a problem | ||
| 7/21/1994 | Sold | $115,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,993 -13.9% | $39,270 |
| 2023 | $2,315 -9% | $39,270 +4.1% |
| 2022 | $2,544 | $37,740 -4.9% |
| 2021 | -- | $39,690 +15.6% |
| 2020 | $2,504 +0.5% | $34,340 |
| 2019 | $2,491 +11.6% | $34,340 +14.6% |
| 2018 | $2,232 -5% | $29,960 |
| 2017 | $2,348 +5.2% | $29,960 +8.4% |
| 2016 | $2,232 +28.2% | $27,640 |
| 2015 | $1,741 +4.4% | $27,640 +8% |
| 2014 | $1,668 | $25,590 |
| 2013 | -- | -- |
| 2012 | -- | $25,590 |
| 2011 | $1,671 | $25,590 -2% |
| 2010 | -- | $26,120 |
| 2009 | -- | $26,120 +2% |
| 2008 | -- | $25,600 |
| 2006 | -- | $25,600 +83.5% |
| 2004 | -- | $13,950 |
| 2003 | $803 +3.7% | $13,950 -1.2% |
| 2002 | $774 +14.8% | $14,120 +21.5% |
| 2001 | $674 | $11,620 |
Find assessor info on the county website
Neighborhood: Downtown
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Nearby schools
GreatSchools rating
- 8/10Steele Elementary SchoolGrades: K-5Distance: 1.1 mi
- 6/10North Middle SchoolGrades: 6-8Distance: 0.7 mi
- 3/10Palmer High SchoolGrades: 9-12Distance: 0.4 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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Estimated market value
$711,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$711,200
- Colorado
- El Paso County
- Colorado Springs
- 80903
- Downtown
- 605 N Cascade Ave
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