Address
411 Olive St, Colorado Springs, CO
Price
$ 629,000
Property Attributes
  • MLS#1712550
  • TypeSingle Family
  • Listing Status Active
  • CountyEL PASO
  • CityColorado Springs
  • NeighborhoodWest Colorado Springs
  • Zip80904
  • StyleSingle Family Residence
  • Year Built1948
  • Taxes$ 1400
  • Price$ 629,000
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1521
  • Lot Size0.12 Acres
Data Source:
Information and Real Estate Services (IRES)
Property Description

An exceptional opportunity for investors, house hackers, first-time buyers, or anyone looking for a home that can help offset the cost of ownership! Located in Colorado Springs' desirable Westside, this unique property is currently operating as a short-term and mid-term rental and is configured as two separate living spaces. 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.

Elementary School Middle School High School
West Elementary School West Middle School Coronado High School
Price History
8/26/2026 Listed $629,000

General Features

Living Area 1521
Sewer Public Sewer
Heating Forced Air
Cooling Ceiling Fan(s)
Utilities Natural Gas Available,Electricity Available,Cable Available
Roof Composition
Appliances Dishwasher,Refrigerator,Washer,Dryer,Microwave,Gas Bar-B-Q
Zoning R-2
Garage Spaces 4
Patio/Porch Features Patio,Deck
Construction Materials Frame,Stucco
Exclusions Sellers Personal Property
Year Built 1948
View Mountain(s),City
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Accessibility Level Lot
County El Paso
New Construction No
Property Type Residential
HOA No
Subdivision Name West Colorado Springs
Full Baths 1
Status Active
Directions From Highway 24,exit northeast onto 21st Street. Continue until you reach Armstrong Street and turn right and then contine two blocks and turn right onto Olive Street. Property is the first house on
High School Coronado
City Colorado Springs
High School District Colorado Springs 11
MLS Area Out of Area
Elementary School West
Property Attached Y/N No
Tax Annual Amount 1400
Middle/Junior High School West
Standard Status Active
Expected Active Date 2026-08-28
AttributionContact Noah@thelocalegroup.co,913-300-1762

Interior Features

Interior Amenities Open Floorplan,Walk-In Closet(s),Jack & Jill Bathroom
Basement Full,Slab,Walk-Out Access
Fireplace Features None
Above Grade Finished Area 936
3/4 Baths 1
Total Bedrooms 4
LivingAreaSource Assessor
Total Baths 2

Exterior Features

Fencing Fenced
Parking Features Off Street
Lot Features Corner Lot,Deciduous Trees,Level,Paved,Gutters
Water Source City
Lot Size Area 5227
Lot Size Acres 0.12
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 80904

Price
AVG $700K
$630K
Taxes
AVG $2,141
$1,400
Year Built
AVG 1966
1948
Visits
AVG 77
13
Data Provided by Inside Real Estate®