Remodeled Multifamily Income
12 W Monroe Street Colorado Springs, CO 80907
12 W Monroe Street, Colorado Springs, CO, 80907
$975,000
Pending
For Sale
$975,000
Pending
MULTI_FAMILY - Colorado Springs, CO
Lot Size0.21 Acres
Days on Market16
Property Features for 12 W Monroe Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Basement
- Walk-Out Access, Full
- Standard status
- Pending
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2575
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Ceiling Fan(s), Central Air
Building Details
- Year built
- 1951
- Roof type
- Shingle
Listing Agency
Better Homes and Gardens Real Estate Kenney & Company
(719) 550-1515
2120-a Academy Circle S, Colorado Springs, CO
Listed by
Matthew Orsillo · License #100041140
(719) 550-1515
Added: Jul 2 Checked: Jul 17 at 2:06 pm
MLS# 3741259
Listing URL
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 remodeled multifamily property includes a main residence with five bedrooms and three bathrooms, along with a detached two-car garage. An exterior-access basement unit contains a large bedroom, living area, kitchen, a 3/4 bath, and access to shared basement laundry, making it well-suited for short- or mid-term stays. Above the garage, there is an additional studio unit with a track record as a mid- and long-term rental.
The property is located next to CommonSpirit hospital downtown, offering a convenient setting for guests and tenants who may value proximity to medical services. The overall lot size is 0.2066 acres, with the garage and unit arrangement providing multiple rental opportunities within one enclosed property footprint.
For buyers or operators, the layout supports differentiated leasing approaches across separate living spaces, including an exterior entry for the basement unit and a separate studio above the garage. The combination of a full-size main home plus two secondary units can help diversify rental uses while keeping day-to-day operations consolidated on one property.
The property is located next to CommonSpirit hospital downtown, offering a convenient setting for guests and tenants who may value proximity to medical services. The overall lot size is 0.2066 acres, with the garage and unit arrangement providing multiple rental opportunities within one enclosed property footprint.
For buyers or operators, the layout supports differentiated leasing approaches across separate living spaces, including an exterior entry for the basement unit and a separate studio above the garage. The combination of a full-size main home plus two secondary units can help diversify rental uses while keeping day-to-day operations consolidated on one property.
Key Highlights
- Income‑producing property next to CommonSpirit hospital in downtown
- Main house features 5 bedrooms and 3 bathrooms plus a detached 2‑car garage
- Basement unit has been used as both short‑term and mid‑term rental; includes large bedroom, living, kitchen, 3/4 bath and exterior access
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Remodeled multifamily setup with multiple rental units, including an exterior-access basement unit and studio above the garage.
Where is this triplex located?
The property is located at 12 W Monroe Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Income‑producing property next to CommonSpirit hospital in downtown; Main house features 5 bedrooms and 3 bathrooms plus a detached 2‑car garage; Basement unit has been used as both short‑term and mid‑term rental; includes large bedroom, living, kitchen, 3/4 bath and exterior access
