411 Olive Street Colorado Springs, CO 80904
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2799155
Construction Status Existing
Year Built 1948
Annual Tax Amount $1,400
Tax Year 2025
Lot Size 5,301 Sqft
Acres 0.1217
Property Sub-Type Duplex
Source Pikes Peak REALTOR® Services
Property Description
The main level features 2 bedrooms, a full bathroom, comfortable living space, updated kitchen with stone countertops, laundry, and access to the covered deck and backyard. Downstairs, the fully finished walkout basement offers 2 additional bedrooms, a 3/4 bathroom, second kitchen, living room, laundry, and separate exterior access—creating excellent flexibility for guests, extended family, or continued rental use.
For buyers looking to get into homeownership, the layout creates a compelling option to live in one portion of the home while renting the other to generate additional income and potentially offset monthly housing expenses. Investors can continue utilizing both spaces as income-producing rentals, offering multiple ways to make the property work for your goals.
Just minutes from historic Old Colorado City and Downtown Colorado Springs, enjoy convenient access to restaurants, local shops, breweries, galleries, entertainment, and year-round events. Garden of the Gods, Red Rock Canyon Open Space, Manitou Springs, Colorado College, and abundant outdoor recreation are also within easy reach.
Both units are currently being utilized as rentals, with stays commonly extending approximately one month at a time. A professional STR competitive analysis is available for buyers interested in exploring the property's income potential. The seller is also open to including furnishings depending on the offer. This Westside home offers a rare combination of versatility, location, and existing rental use.
Location
State CO
County El Paso
Rooms
Basement Full Basement, Walk Out
Interior
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplaces Type None
Furnishings Existing
Appliance Dishwasher, Dryer, Microwave Oven, Range, Refrigerator, Washer
Laundry Common, Electric Hook-up
Exterior
Carport Spaces 4
Fence All
Utilities Available Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected
Roof Type Composite Shingle
Building
Sewer Sewer
Water Municipal
Construction Status Existing
Schools
School District Colorado Springs 11
Others
Tax ID 7412215009
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION