Corner Lot Apartment Complex
For Sale
$399,000
703 E Costilla Street, Colorado Springs, CO 80903
Land, Colorado Springs, CO
Property SizeContact for details
Lot Size0.22 Acres
Days on Market147
Property Features for 703 E Costilla Street
General Information
Property type
Land
Property subtype
Other
Lot features
Vacant Land, City View, Corner, Level, Mountain View
Elementary school district
Colorado Springs 11
Middle school district
Colorado Springs 11
High school district
Colorado Springs 11
Standard status
Active
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3155
Listing Agency:
Better Homes and Gardens Real Estate Kenney & Company
(719) 550-1515
Listed By:
Daniel Jones
(303) 882-1191
Added: Apr 9
Changed: Sep 2
Last Checked: Sep 2 at 7:06AM
MLS# 8066314
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.
Located on a corner lot in downtown Colorado Springs' Hillside community, this property is a shovel-ready, urban infill apartment complex. It offers an opportunity to build 10 luxury, Class A units with mountain views and proximity to downtown amenities. The property's Opportunity Zone tax benefits allow for potentially paying zero capital gains taxes on the sale after building and owning the apartments for ten years. The project is ready for builder permits, with all drawings and site variances approved and stamped by the city, and tap fees already paid. The 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. The property is 0.2181 acres.
Key Highlights
- Opportunity Zone: Zero capital gains taxes after 10 years.
- Shovel‑ready: Approved plans, permits ready, tap fees paid.
- 10 luxury, Class A apartment units** in downtown Colorado Springs' Hillside community.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,622
Businesses Nearby
Explore this area
Business Placement
Demographics for 80903, CO
15,944
Population
8,340
Households
1.9
Avg Household Size
34
Median Age
39%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$59,292
Median Household Income
$35,251
Median Earnings
$1,221
Median Rent
$420,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Shovel-ready apartment complex in downtown Colorado Springs' Hillside community.
Where is this residential land & home lot located?
The property is located at 703 E Costilla Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Opportunity Zone: Zero capital gains taxes after 10 years.; Shovel‑ready: Approved plans, permits ready, tap fees paid.; 10 luxury, Class A apartment units** in downtown Colorado Springs' Hillside community.
