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    1512 E Monument St Colorado Springs, CO 80909

    For Sale
    $830,000

    MULTI_FAMILY - Colorado Springs, CO

    Lot size:
    0.22 Acres
    Days on Market:
    23
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 1512 E Monument St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Fireplace
    1
    Lot size
    0.22 Acres

    Utilities

    Heating system
    Gravity, Hot Water(Heating)
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1963
    Roof type
    Shingle

    eXp Realty, LLC (303) 882-1191 [email protected]

    Listing agent Tommy Daly (719) 722-0080

    Listing date Nov 13, 2025

    MLS# 9412317 Listing URL

    Copyright © 2025 Pikes Peak Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Duplex with Separate Cottage

    This property features a duplex and a separate cottage on a large lot. Located near Memorial Hospital Main and the US Olympic Training Center, the property offers ample parking. The duplex has wood and brick siding, fireplaces, hot water heat, and appliances in each unit. The upper unit includes a vaulted beamed ceiling and a walk-out deck with mountain views, while both units have tiled kitchens. The cottage, with stucco siding, includes a living room, kitchen with appliances, a laundry room with a washer and dryer, two main level bedrooms with a bath, and two upper bedrooms with a second bath. Gated side yards enhance outdoor enjoyment. A carport and plenty of off-street parking are available. Recent updates include new paint on the duplex in 2024 and a new roof in December 2023. Unit A (upstairs) was remodeled in 2022 with new paint, deck, carpet, and bathroom. Unit B (downstairs) was remodeled in 2023 with a new bathroom, carpet, paint, and appliances, and all outlets were replaced. The cottage received new windows in 2024. The duplex has Colorado Springs Utilities for electric, gas, water, and sewer. All units are currently occupied. The lot size is 0.2238 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.798065
    Latitude
    38.843346

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    FAQs

    What type of property is this?
    Apartment building - Large lot near Memorial Hospital and Olympic Training Center.
    Where is this apartment building located?
    The property is located at 1512 E Monument St Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $830,000.
    What are key features of this property?
    This property features: - Large lot with Duplex and separate Cottage offers multiple income streams or multi-generational living options.; - Prime location near Memorial Hospital Main and the US Olympic Training Center.; - Duplex units recently remodeled (2022-2023) with new paint, bathrooms, carpet, appliances and updated electrical outlets.
    (719) 722-0080
    Request Owner's contact information
    1512 E Monument St Colorado Springs, CO 80909
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    Colorado Springs, CO 80909
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1512 E Monument St Colorado Springs, CO 80909
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