Dual-Level Short-Term Rental
For Sale
$539,000
Pending
324 Terrace Place, Manitou Springs, CO 80829
Residential Income, Manitou Springs, CO
Property SizeContact for details
Lot Size0.19 Acres
Days on Market39
Property Features for 324 Terrace Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Basement
Full
Elementary school district
Manitou Springs-14
Middle school district
Manitou Springs-14
High school district
Manitou Springs-14
Standard status
Pending
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2190
Utilities
Heating system
Electric (Heating)
Amenities
private balcony
laundry
fenced outdoor space
hot tub
Building Details
Year built
1963
Roof type
Metal
Listing Agency:
Redfin Corporation
(520) 744-6917
Listed By:
Jessica Pero
(719) 714-2002
Added: Aug 21
Changed: Aug 25
Last Checked: Sep 28 at 10:06AM
MLS# 9127942
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 1963 property is arranged as two self-contained living levels, each with a kitchen, laundry area, two bedrooms, and a 3/4 bath. The upper level adds an open living room, granite countertops, and a private balcony with views toward Garden of the Gods. The walkout lower level includes a full kitchen, living area, laundry, fenced outdoor space, and hot tub. Furnishings in the lower level are negotiable.
Located just off Highway 24, the property is near downtown Manitou Springs, Garden of the Gods, Old Colorado City, and Colorado Springs. The City of Manitou Springs has indicated eligibility for approval of a new short-term rental permit for a future owner, subject to city permitting. Recent improvements include a new main breaker panel and wiring, updated bathrooms on both levels, mini-split heating and cooling systems throughout, and new downstairs flooring. Three off-street parking spaces serve the property.
Located just off Highway 24, the property is near downtown Manitou Springs, Garden of the Gods, Old Colorado City, and Colorado Springs. The City of Manitou Springs has indicated eligibility for approval of a new short-term rental permit for a future owner, subject to city permitting. Recent improvements include a new main breaker panel and wiring, updated bathrooms on both levels, mini-split heating and cooling systems throughout, and new downstairs flooring. Three off-street parking spaces serve the property.
Key Highlights
- Two self‑contained levels, each with a kitchen, laundry, two bedrooms, and 3/4 bath
- City has indicated eligibility for a new STR permit, subject to permitting
- Upper‑level balcony with Garden of the Gods views
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
Explore this area
Business Placement
Demographics for 80829, CO
5,343
Population
2,920
Households
1.8
Avg Household Size
48
Median Age
53%
College-Educated
97%
High-School Grad
20.1 sq mi
ZIP Area
266
Density / Sq Mi
$85,341
Median Household Income
$51,231
Median Earnings
$1,175
Median Rent
$567,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Short term rental property - Two independent living levels support flexible occupancy, separate household use, and short-term rental operations subject to city permitting.
Where is this short term rental property located?
The property is located at 324 Terrace Place Manitou Springs, CO.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Two self‑contained levels, each with a kitchen, laundry, two bedrooms, and 3/4 bath; City has indicated eligibility for a new STR permit, subject to permitting; Upper‑level balcony with Garden of the Gods views
