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Newly Built Duplex with Finished Basements
For Sale
$1,399,900

135 Terrace Drive, Colorado Springs, CO 80906

Residential Income, Colorado Springs, CO

Property SizeContact for details
Lot Size0.08 Acres
Days on Market101

Property Features for 135 Terrace Drive

General Information

Property type Residential Multi Family
Property subtype Other
Fireplace 1
Basement Full
Elementary school district Colorado Springs 11
Middle school district Colorado Springs 11
High school district Colorado Springs 11
Standard status Active
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2190

Utilities

Heating system Natural Gas, Forced Air
Cooling system Central Air

Building Details

Year built 2024
Roof type Shingle
Listing Agency: Live Dream Colorado LLC
Listed By: Lauren Collier CNE GREEN MCNE MRP · License #100035892
Added: May 31 Changed: Sep 5 Last Checked: Sep 8 at 8:06AM
MLS# 1689690

Copyright © 2026 elevateMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Completed in 2024, this duplex contains two residences, each with 2,594 square feet of finished living space across the main, upper, and basement levels. Both layouts include finished and insulated two-car garages, open-concept great rooms with 9-foot ceilings, luxury vinyl flooring, gas fireplaces, large kitchen islands, and dining areas that open to private back yards. Each basement is finished with a bedroom, full bathroom, and recreation room, with plumbing in place for a wet bar.

The residences offer distinct configurations. Unit 135 has double primary suites, a basement bedroom, and 4 bathrooms, while Unit 125 provides 4 bedrooms, 4 bathrooms, and a main-level office. Primary suites include walk-in closets and attached bathrooms with double vanities, and mountain and city views are available from the primary bedrooms. The property has natural gas forced-air heat, central air, a shingle roof, and no HOA. It is within walking distance of restaurants and shopping in the Creekwalk neighborhood, with access to I-25, Fort Carson, and downtown Colorado Springs.

Key Highlights

  • Duplex completed in 2024 with 2,594 square feet of finished living space per unit
  • Both residences include finished and insulated two‑car garages
  • Each basement has a bedroom, full bathroom, recreation room, and wet‑bar plumbing

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Daycare Center Barber Shop Cosmetic Store Computer & Electronic Repair Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

729
Businesses Nearby

Demographics for 80906, CO

39,019
Population
16,771
Households
2.3
Avg Household Size
39
Median Age
49%
College-Educated
95%
High-School Grad
45.6 sq mi
ZIP Area
856
Density / Sq Mi
$88,047
Median Household Income
$47,314
Median Earnings
$1,634
Median Rent
$543,400
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two spacious residences feature private yards, finished garages, contemporary interiors, and flexible living areas without HOA restrictions.
Where is this duplex located?
The property is located at 135 Terrace Drive Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,399,900.
What are key features of this property?
This property features: Duplex completed in 2024 with 2,594 square feet of finished living space per unit; Both residences include finished and insulated two‑car garages; Each basement has a bedroom, full bathroom, recreation room, and wet‑bar plumbing
More about this property
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