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Duplex With Walkout Basement
New
For Sale
$629,000

411 Olive Street, Colorado Springs, CO 80904

Residential Income, Colorado Springs, CO

Property SizeContact for details
Lot Size0.12 Acres
Days on Market5

Property Features for 411 Olive Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Basement Full, Walk-Out Access
Elementary school district Colorado Springs 11
Middle school district Colorado Springs 11
High school district Colorado Springs 11
Standard status Active
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 1400

Utilities

Heating system Forced Air
Cooling system Ceiling Fan(s)

Amenities

covered deck
backyard
laundry

Building Details

Year built 1948
Roof type Shingle
Listing Agency: Keller Williams Premier Realty · Keller Williams Realty
Listed By: Noah Walz
Added: Aug 28 Last Checked: Aug 31 at 11:06PM
MLS# 2799155

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 1948 duplex at 411 Olive Street includes two distinct living areas within a single residence. The main level has 2 bedrooms, a full bathroom, living space, an updated kitchen with stone countertops, laundry, a covered deck, and backyard access. The finished walkout basement adds 2 bedrooms, a 3/4 bathroom, another kitchen and laundry area, a living room, and its own exterior entrance.

Both spaces are currently used for short-term and mid-term rentals, with stays commonly lasting approximately one month. The property sits in Colorado Springs’ Westside near Old Colorado City and Downtown Colorado Springs, with restaurants, shops, breweries, galleries, entertainment, and events nearby. Garden of the Gods, Red Rock Canyon Open Space, Manitou Springs, and Colorado College are also within easy reach.

Key Highlights

  • Two separate living spaces, each with its own kitchen and laundry
  • Main level includes 2 bedrooms, a full bathroom, covered deck, and backyard access
  • Finished walkout basement offers 2 bedrooms, a 3/4 bathroom, and separate exterior access

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Daycare Center Electrical Service Dental Office Law Firm Home Appliance Store Barber 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

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

769
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
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two living areas provide separate kitchens, laundry, and exterior access.
Where is this duplex located?
The property is located at 411 Olive Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Two separate living spaces, each with its own kitchen and laundry; Main level includes 2 bedrooms, a full bathroom, covered deck, and backyard access; Finished walkout basement offers 2 bedrooms, a 3/4 bathroom, and separate exterior access
More about this property
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