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Fenced Three-Unit Triplex
New
For Sale
$550,000

1012 Iowa Avenue, Colorado Springs, CO 80909

Two fenced homes offer separate entrances and off-street parking across three lots.

Property SizeContact for details
Days on Market3

Property Features for 1012 Iowa Avenue

General Information

Standard status Active
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $1,479

Building Details

Year Built 1941
Units 3
Listing Agency: Action Team Realty
Listed By: Christopher Morrison
Source: Pikespeakdreamhomesrealty
Added: Aug 9 Changed: Aug 10 Last Checked: Aug 10 at 7:57AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Action Team Realty

Investment Insights

Based on property information with market context.

Built in 1941, this triplex includes three units with separate entrances arranged across two fully fenced homes. The main residence offers over 2,000 square feet, while the cottage provides approximately 400 square feet. The property also includes off-street parking and spans three lots.

The address is within walking distance of Memorial Hospital and the Olympic Training Center, providing proximity to two established local destinations in Colorado Springs. The combination of multiple units, separate access points, a larger primary home, and a detached cottage creates a clearly defined residential income configuration.

Key Highlights

  • Three units with separate entrances
  • Two fully fenced homes across three lots
  • Main home measures over 2,000 square feet

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Dental Office Catering Service Daycare Center

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

Location Intelligence

Trade Area within ½ mile

1,357
Businesses Nearby

Demographics for 80909, CO

37,302
Population
16,572
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,722
Density / Sq Mi
$61,777
Median Household Income
$36,894
Median Earnings
$1,227
Median Rent
$352,400
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?
Triplex - Two fenced homes offer separate entrances and off-street parking across three lots.
Where is this triplex located?
The property is located at 1012 Iowa Avenue Colorado Springs, CO.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three units with separate entrances; Two fully fenced homes across three lots; Main home measures over 2,000 square feet
More about this property
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