Three-Unit Residential Income
For Sale
$550,000
1012 Iowa Avenue, Colorado Springs, CO 80909
MULTI_FAMILY - Colorado Springs, CO
Lot Size0.28 Acres
Days on Market15
Property Features for 1012 Iowa Avenue
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
0.28 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1479
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1941
Roof type
Shingle
Listing Agency:
Action Team Realty
(719) 559-8400
Listed By:
Christopher Morrison
(719) 492-3298
Added: Jul 17
Changed: Jul 28
Last Checked: Jul 31 at 6:06PM
MLS# 8107189
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.
This three-unit residential income property features separate entrances for all three units. The primary home includes space over 2,000 square feet, and there is also a cottage of approximately 400 square feet. The main house could be converted back into a single unit, providing flexibility alongside the current income setup. The property includes two fully fenced homes situated across three lots, with ample off-street parking to support tenant and guest needs.
Located at 1012 Iowa Avenue in Colorado Springs, the home is within walking distance to Memorial Hospital and the Olympic Training Center. The multi-lot configuration and separate entrances make the layout straightforward for occupants while supporting an income-focused use.
Overall, this is a compact, multi-unit residential offering designed around independent access, fenced outdoor space, and practical parking on site.
Located at 1012 Iowa Avenue in Colorado Springs, the home is within walking distance to Memorial Hospital and the Olympic Training Center. The multi-lot configuration and separate entrances make the layout straightforward for occupants while supporting an income-focused use.
Overall, this is a compact, multi-unit residential offering designed around independent access, fenced outdoor space, and practical parking on site.
Key Highlights
- Income property with 3 units and separate entrances.
- Located within walking distance to Memorial Hospital and the Olympic Training Center.
- Main house over 2,000 sq ft, cottage approximately 400 sq ft.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,357
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential income property with separate entrances and fenced lots, plus ample off-street parking.
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: Income property with 3 units and separate entrances.; Located within walking distance to Memorial Hospital and the Olympic Training Center.; Main house over 2,000 sq ft, cottage approximately 400 sq ft.
