Monument Home with Income
244 Mitchell Avenue, Monument, CO 80132
MULTI_FAMILY - Monument, CO
Property size:
3,600 SFLot size:
0.23 AcresPrice / SF:
$213/SF- Added:
- Mar 27, 2026
- Days on Market:
- 51
- Last Refresh:
- May 16 at 4:06 pm
Property Features for 244 Mitchell Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Fireplace
- 1
- Basement
- Walk-Out Access
- Standard status
- Active
- Size
- 3,600 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 3591
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Ceiling Fan(s)
Building Details
- Year built
- 1972
- Roof type
- Shingle
Listing agent Timothy Enders (303) 882-1191
Listing office Exp Realty LLC 9800 Pyramid Ct #400, Englewood, CO (888) 440-2724
Listing date Mar 27, 2026
MLS# 5842572
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.
HighLights
- Prime location: Walking distance to Monument Lake, downtown Monument, parks, summer concerts, and Mt. Herman hiking/biking trails.
- Income potential: Includes a separate 2‑bed/1‑bath Accessory Dwelling Unit (ADU) and a walkout basement suitable for rental income.
- Multi‑generational living options: Features main‑level living and a fully finished walkout basement, ideal for extended family or guests.
- Updated with modern features: Includes luxury vinyl plank flooring, shiplap walls, modern fireplace, and an open‑concept kitchen.
- Outdoor amenities: Enjoy the composite deck, private hot tub, and landscaped backyard for relaxation and entertaining.
- Accessory Dwelling Unit (ADU): Built in 2022, a 784 sq ft, 2‑bed/1‑bath cottage with a full kitchen and living area.
Overview
Located in Monument, Colorado, this property offers a versatile living arrangement with income potential. The property is within walking distance of Monument Lake, historic downtown Monument, parks, summer concerts, and the hiking and biking trails of Mt. Herman. The updated 5-bedroom home features main-level living and a fully finished walkout basement, suitable for multi-generational living or rental income. The main level includes Luxury Vinyl Plank flooring, a living room with shiplap walls and a fireplace, and an open-concept kitchen, dining, and flex area with a vaulted shiplap ceiling. A composite deck, private hot tub, and landscaped backyard are accessible from the main level. The walkout basement has a private entrance, a bedroom with an adjacent bathroom, and multiple living/flex spaces with walkout access, suitable for a separate rental unit or guest quarters. Completed in January 2022, a 784 sq ft, 2-bed/1-bath Accessory Dwelling Unit (ADU) features a full kitchen, dining area, and living room. The property is located near a park with basketball, soccer, and a playground. The property is suitable for generating income from the basement and ADU through short, mid, or long-term rentals. The total square footage of the property is 3600, plus an additional 784 square feet for the ADU. The lot size is 0.2314 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Single family properties
Location Insight
- Map
- Local Demand
- City
- Monument
- County
- El Paso
- State
- Colorado
- Longitude
- -104.8725331
- Latitude
- 39.0842649
Nearby Similar for Sale
FAQs
What type of property is this?
Residential income property - Versatile 5-bedroom home with ADU near downtown Monument.
Where is this residential income property located?
The property is located at 244 Mitchell Avenue Monument, CO.
What is the asking price?
The asking price for this property is $768,000.
What are key features of this property?
This property features: Prime location: Walking distance to Monument Lake, downtown Monument, parks, summer concerts, and Mt. Herman hiking/biking trails.; Income potential: Includes a separate 2‑bed/1‑bath Accessory Dwelling Unit (ADU) and a walkout basement suitable for rental income.; Multi‑generational living options: Features main‑level living and a fully finished walkout basement, ideal for extended family or guests.
