3138 W Colorado Avenue

Colorado Springs, CO 80904

Rare opportunity to own a multi-family property in the Old Colorado City area of Colorado Springs. Situated on W Colorado Avenue, this property offers strong location fundamentals with close proximity to shopping, dining, major corridors, and well-known local attractions. With 4,215 square feet across four units and a well-sized lot zoned MX-M, the property allows for a range of potential uses, including long-term hold, renovation, or mixed-use consideration. Located outside of Manitou Springs, the property may offer additional flexibility regarding short-term rental use, subject to buyer verification of all local regulations and requirements. The surrounding area continues to see consistent demand, supported by established infrastructure and convenient access to downtown Colorado Springs, Manitou Springs, Red Rock Canyon Open Space, Garden of the Gods, the Cog Railway, the Incline, and Rock Ledge Ranch. Strong combination of size, location, and future potential in a well-established part of the city.

Listing courtesy of Keller Williams Partners:



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Last checked: 2026-05-13 10:22 PM UTC