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Newly Built Duplex with Two-Car Garages
For Sale
$1,399,900

135 Terrace Drive, Colorado Springs, CO 80906

MULTI_FAMILY - Colorado Springs, CO

Property SizeContact for details
Lot Size0.08 Acres
Days on Market92

Property Features for 135 Terrace Drive

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 0.08 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2190

Utilities

Heating system Natural Gas, Forced Air
Cooling system Central Air

Building Details

Year built 2024
Roof type Shingle
Listing Agency: Live Dream Colorado LLC
Listed By: Lauren Collier CNE GREEN MCNE MRP · License #100035892
Added: May 31 Changed: Aug 3 Last Checked: Aug 30 at 2:06PM
MLS# 1689690

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.

Newly built duplex on a 0.0805-acre lot featuring modern design and thoughtful layouts. Both units include fully finished basements and bright, open-concept great rooms with 9-foot ceilings on the main and upper levels. Each unit has a fully finished and insulated two-car garage, plus central air and natural gas forced-air heat. The interiors feature luxury vinyl flooring, stylish kitchens with large islands, and cozy gas fireplaces. Dining rooms provide walk-out access to private back yards.

Unit 135 includes double primary suites, a basement bedroom, and 4 bathrooms. Unit 125 offers 4 bedrooms, 4 bathrooms, and a main-level office. Basements are pre-plumbed for a wet bar and include a rec room along with a bedroom and full bathroom. Primary suites include a walk-in closet and attached bath with double vanity.

Located in the Creekwalk neighborhood, the property is within walking distance to nearby new restaurants and shopping. It also offers quick access to I-25, Fort Carson, and downtown Colorado Springs. With no HOA, owners and investors can benefit from added flexibility.

Key Highlights

  • Newly built duplex on a 0.0805‑acre lot (Year built: 2024)
  • 9‑foot ceilings on main and upper levels with open‑concept great rooms
  • Each unit includes a fully finished, insulated two‑car garage

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Daycare Center Barber Shop Cosmetic Store Computer & Electronic Repair Tattoo & Piercing Shop

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

Lease Details

Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

729
Businesses Nearby

Demographics for 80906, CO

39,019
Population
16,771
Households
2.3
Avg Household Size
39
Median Age
49%
College-Educated
95%
High-School Grad
45.6 sq mi
ZIP Area
856
Density / Sq Mi
$88,047
Median Household Income
$47,314
Median Earnings
$1,634
Median Rent
$543,400
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Newly built duplex with central air, gas fireplaces, 9-foot ceilings, and fully finished, insulated two-car garages per unit.
Where is this duplex located?
The property is located at 135 Terrace Drive Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,399,900.
What are key features of this property?
This property features: Newly built duplex on a 0.0805‑acre lot (Year built: 2024); 9‑foot ceilings on main and upper levels with open‑concept great rooms; Each unit includes a fully finished, insulated two‑car garage
More about this property
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