519 N Chestnut Street, Colorado Springs, CO 80905
519 N Chestnut Street, Colorado Springs, CO 80905
519 N Chestnut Street, Colorado Springs, CO 80905
519 N Chestnut Street, Colorado Springs, CO 80905
519 N Chestnut Street, Colorado Springs, CO 80905
519 N Chestnut Street, Colorado Springs, CO 80905
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Listed by Kristin Smith Fathom Realty Colorado LLC
$ 439,000
Est. payment | /mo

8,999 Sqft Lot


Save
$ 439,000
Est. payment | /mo
Save

8,999 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4900927

Construction Status Existing

Year Built 1942

Annual Tax Amount $1,119

Tax Year 2025

Lot Size 8,999 Sqft

Acres 0.2066

Property Sub-Type Duplex

Source Pikes Peak REALTOR® Services

Property Description

Turn-key, fully furnished West Side home with great investment potential next to Old Colorado City area! Boasting a strong history of rental income, this versatile property offers a prime opportunity to live in one home and rent the other. The main home features a nice balance of unique original character and modern comforts. Log pillars, exposed beams, and a custom hand-carved rollout counter and cabinet give the space its distinctive charm. The interior has a well-appointed queen bedroom, a full bath, and a full kitchen that flows into a breakfast bar area and comfortable living space. Designed to maximize natural light, the home features expansive windows and a skylight that invite a steady cross breeze. Outdoor living is equally effortless, offering a private patio and turf yard equipped with a propane grill and seating.

Just across the large concrete patio sits Unit B, a fully equipped 550-square-foot house. This private secondary living space features a plush King bed, a full bathroom, a convenient kitchenette, a stackable washer/dryer, and a mini-split system for personalized heating and cooling. Skylights with built-in covers on the roof give seasonal flexibility. Outside, a small fence encloses its private, walk-out stamped concrete patio, creating a beautifully secluded retreat.

The expansive 9,000 SF lot features alley access, mature trees and incredible investment flexibility. The R-2 zoning and lot layout provide multiple configurations for short-term rentals, long-term leasing, multi-generational living, space to build more or a combination. Property manager and host team is open to continuing management if needed. Final property enhancements are currently being completed, including fresh exterior paint and deck refinishing to ensure it is completely turn-key. Absolute prime location minutes from Downtown Colorado Springs, Manitou Springs, Garden of the Gods, Cheyenne Canyon, I-25, and Highway 24.

Location

State CO

County El Paso

Interior

Heating Electric, Natural Gas

Cooling Ceiling Fan(s), Other, See Prop Desc Remarks

Furnishings Existing

Appliance 220v in Kitchen, Cook Top, Dishwasher, Dryer, Microwave Oven, Oven, Refrigerator, Washer

Laundry Electric Hook-up

Exterior

Fence See Prop Desc Remarks

Utilities Available Cable Available, Electricity Connected

Roof Type Rolled

Building

Sewer Sewer

Water Municipal

Construction Status Existing

Schools

School District Colorado Springs 11

Others

Tax ID 7412412011

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

elevateMLS
Reza Zahedi
Reza Zahedi

Broker CO License # 100039485CO Firm # 100071046

+1(937) 974-8053 | reza@rezasells.com

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519 N Chestnut Street