Duplex-Style Residential Income
533 N 17th Street Colorado Springs, CO 80904
533 N 17th Street, Colorado Springs, CO, 80904
$530,000
For Sale
$530,000
MULTI_FAMILY - Colorado Springs, CO
Property Size1,700 SF
Lot Size0.21 Acres
Price / SF$311.76
Days on Market44
Property Features for 533 N 17th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Basement
- Crawl Space
- Standard status
- Active
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 1500
Utilities
- Heating system
- Baseboard
- Cooling system
- Ceiling Fan(s), Wall Unit(s)
Building Details
- Year built
- 1950
- Roof type
- Shingle
Listing Agency
Real Broker, LLC DBA Real
(720) 807-2890
999 18th Street, Denver, CO
Listed by
Jordan Cassalia MRP SFR
(855) 450-0442
Added: Jun 4 Checked: Jul 17 at 1:06 pm
MLS# 2249824
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.
Investment Insights
Based on property information with market context.
This duplex-style residential income property includes a primary 3-bedroom, 3-bath home and a separate 1-bedroom, 1-bath cottage at the back of the lot. The main house features a spacious living room, a dedicated dining area, and a renovated kitchen, along with two en-suites for added privacy. The cottage offers an open-concept floor plan and functions well as a private space for guests, multi-generational living, or as a standalone rental.
Set on a treed lot, the property is accessed by a long driveway that helps preserve privacy and supports quiet outdoor living. Enjoy the west-side views from the front porch or back patio. The location is described as close to Old Colorado City and Downtown, with access to trails and other amenities on the west side.
For buyers seeking flexibility, the configuration supports multiple operating approaches. You may continue long-term rental use for all or part of the property, or use the cottage as a separate living arrangement while the main home is owner-occupied. The layout also suits tenants who want independent spaces rather than shared quarters, supported by the separate bedroom-and-bath setup in both the home and the cottage. An assumable loan is mentioned in the remarks, and showings are available via in-person appointment or virtual tour.
Set on a treed lot, the property is accessed by a long driveway that helps preserve privacy and supports quiet outdoor living. Enjoy the west-side views from the front porch or back patio. The location is described as close to Old Colorado City and Downtown, with access to trails and other amenities on the west side.
For buyers seeking flexibility, the configuration supports multiple operating approaches. You may continue long-term rental use for all or part of the property, or use the cottage as a separate living arrangement while the main home is owner-occupied. The layout also suits tenants who want independent spaces rather than shared quarters, supported by the separate bedroom-and-bath setup in both the home and the cottage. An assumable loan is mentioned in the remarks, and showings are available via in-person appointment or virtual tour.
Key Highlights
- 3‑bed, 3‑bath, 1,700 SF main house with two en‑suites
- Renovated kitchen in the main house
- Additional 1‑bed, 1‑bath cottage at the rear of the property
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.7k | $19.80 |
| − Vacancy | −$1.9k | −$1.09 |
| EGI | $31.8k | $18.71 |
| − OpEx | −$9.5k | −$5.61 |
| NOI | $22.3k | $13.10 |
1,700 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$318.1K
$278.3K – $371.1K
NOI $22,266 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$294.8K
$257.9K – $343.9K
NOI $20,635 @ 7.0% cap · market cap 3.89%
Theoretical Best
Specialty Retail
$335.7K
$293.8K – $391.7K
NOI $23,501 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Main home plus a separate cottage creates flexible living and rental options for long-term tenants or multi-generational households.
Where is this duplex located?
The property is located at 533 N 17th Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: 3‑bed, 3‑bath, 1,700 SF main house with two en‑suites; Renovated kitchen in the main house; Additional 1‑bed, 1‑bath cottage at the rear of the property
