Lot/land

$399,000

703 E Costilla Street LOT 1, Colorado Springs, CO 80903

--beds

--baths

9,500Square Feet

Improved Land

Built in ----

9,500 Square Feet Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Amazing mountain viewsCorner lot

Located on a corner lot in downtown Colorado Springs' beautiful Hillside community, this shovel ready, urban infill apartment complex offers 10 luxury, Class A units, with amazing mountain views and immediate proximity to downtown amenities. Take advantage of this property's Opportunity Zone tax benefits, which means you pay zero capital gains taxes on the sale after building and owning the apartments for ten years. This project is ready for builder permits, with all drawings and site variances approved and stamped by the city and tap fees already paid.As Hillside's future anchor point for urban living, all units will feature 9' interior ceilings, 8 tuck-under covered parking spots, 8 storage units, 8 bike storage units, a dedicated dog wash, and electric vehicle charging stations.Investment opportunities like this rarely make it to the open market. Make this one yours today!

71 days

22

4

Facts & features

Property

Features

Has view: Yes
View description: City, Mountain(s)

Lot

Size: 9,500 Square Feet
Features: Level, Mountainous, Near Public Transit

Details

Parcel number: 6417312013
Zoning: C-6
Special conditions: Standard

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Natural Gas Available

Community & HOA

Community

Subdivision: Hillside

HOA

Has HOA: No

Location

Region: Colorado Springs

Financial & listing details

Annual tax amount: $3,155
Date on market: 5/19/2026
Listing terms: Cash,Conventional,Other
Exclusions: None
Ownership: Corporation/Trust
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
5/19/2026	Listed for sale	$399,000
Source: REcolorado as distributed by MLS GRID #3995094 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Estimated monthly payment$1,822

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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: Central Colorado Springs

Getting around

65 / 100

Somewhat Walkable

50 / 100

Good Transit

65 / 100

Bikeable

Nearby schools

GreatSchools rating

1/10
Hunt Elementary School
Grades: PK-5Distance: 1.4 mi
6/10
North Middle School
Grades: 6-8Distance: 1.4 mi
3/10
Palmer High School
Grades: 9-12Distance: 0.9 mi

Schools provided by the listing agent

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.