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Renovated Duplex with Fenced Backyards
For Sale
$598,800

405 Wilhelmia Avenue, Colorado Springs, CO 80904

Residential Income, Colorado Springs, CO

Property SizeContact for details
Lot Size0.28 Acres
Days on Market46

Property Features for 405 Wilhelmia Avenue

General Information

Property type Residential Multi Family
Property subtype Other
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 2024
Tax Annual Amount 1444

Utilities

Heating system Forced Air

Building Details

Year built 1954
Roof type Shingle
Listing Agency: Coldwell Banker Realty · Coldwell Banker Real Estate
Listed By: Chad William Lauber
Added: Jul 9 Changed: Aug 19 Last Checked: Aug 23 at 9:06AM
MLS# 8675979

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 renovated duplex is set up as two separate units, each with mountain views, a storage shed, a rear patio, and a private, separately fenced backyard. Updates include new exterior paint, interior and exterior doors, baseboards, flooring, bathroom tile/toilets/vanities, new kitchen appliances, light fixtures, kitchen cabinets, plumbing improvements, and an electrical panel, switches, and outlets. New water heaters were added for each unit in late 2024/2025, and Unit 405 also has a new furnace from 2022. The property also features a new concrete parking pad for assigned parking.

The duplex is located at 405 Wilhelmia Avenue in Colorado Springs, on the west side, with proximity to Old Colorado City and convenient access to Garden of the Gods and I-25, along with nearby grocery, shopping, and entertainment.

As a multi-family asset, it offers a tenant-ready configuration with well-defined outdoor space for each unit and supported mechanical and cosmetic upgrades throughout the property.

Key Highlights

  • Prime Location: Walking distance to Old Colorado City and minutes from Garden of the Gods, I‑25, grocery stores, shopping, and entertainment.
  • Fully Renovated: Numerous upgrades including new exterior paint, flooring, bathroom fixtures, kitchen appliances, cabinets, plumbing, and electrical components.
  • Duplex Opportunity: Ready for tenants, offering control over rental income potential.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Law Firm Daycare Center Catering Service (Bike/Boat/Book/etc) Store Nursing Home

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

Location Intelligence

Trade Area within ½ mile

1,029
Businesses Nearby

Demographics for 80904, CO

20,986
Population
11,578
Households
1.8
Avg Household Size
47
Median Age
45%
College-Educated
96%
High-School Grad
11.2 sq mi
ZIP Area
1,874
Density / Sq Mi
$69,566
Median Household Income
$44,494
Median Earnings
$1,417
Median Rent
$413,400
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Sharply renovated duplex with two units, private fenced backyards, patios, storage, and assigned parking with a new concrete pad.
Where is this duplex located?
The property is located at 405 Wilhelmia Avenue Colorado Springs, CO.
What is the asking price?
The asking price for this property is $598,800.
What are key features of this property?
This property features: Prime Location: Walking distance to Old Colorado City and minutes from Garden of the Gods, I‑25, grocery stores, shopping, and entertainment.; Fully Renovated: Numerous upgrades including new exterior paint, flooring, bathroom fixtures, kitchen appliances, cabinets, plumbing, and electrical components.; Duplex Opportunity: Ready for tenants, offering control over rental income potential.
More about this property
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