Knob Hill Homes under $500,000

Welcome to Knob Hill, a charming neighborhood nestled in the heart of Colorado Springs, Colorado. Known for its vibrant community spirit and picturesque views, Knob Hill offers residents a unique blend of urban convenience and suburban tranquility. With its rich history and diverse architectural styles, this area is a delightful tapestry of character that appeals to families, young professionals, and retirees alike.

One of the most attractive features of Knob Hill is its affordability. Here, you can find a variety of homes priced under $500,000, making it an ideal choice for first-time homebuyers or those looking to downsize without sacrificing quality of life. From cozy bungalows to spacious single-family homes, there’s something for everyone in this welcoming neighborhood.

The surrounding amenities enhance the appeal of Knob Hill. Residents enjoy easy access to parks, local shops, and a range of dining options that cater to every palate. The nearby Palmer Park offers miles of trails for hiking and biking, providing a perfect escape into nature without having to venture far from home. For families, excellent schools and community programs are just around the corner, ensuring that children receive a top-notch education in a nurturing environment.

With its friendly atmosphere, convenient location, and affordable housing options, Knob Hill is a hidden gem in Colorado Springs. Whether you’re looking to plant roots or invest in a property, this neighborhood is sure to capture your heart. Come and discover the charm of Knob Hill—your new home awaits!

Newest Knob Hill Homes under $500,000

$387,000

4 Beds ⋅ 2 Baths ⋅ 1,396 SqFt. ⋅ ACTIVE Status

Fully remodeled home with stainless steel appliances, central a/c and great location. Close to schools, parks, UCHealth Memorial and US Olympic Training Center. 5 minutes to Downtown or I-25. Fenced yard, off-street parking, gated driveway.

1819 E Yampa St, Colorado Springs

Courtesy of Exp Realty LLC. 888-440-2724

$349,500

2 Beds ⋅ 1 Baths ⋅ 706 SqFt. ⋅ ACTIVE Status

***See the Amazing Video at the Virtual Tour Link on the listing*** Charming rancher blending original character with thoughtful updates & a beautifully designed, water-efficient outdoor space! This inviting home offers comfortable single-level living with hardwood floors, original arched doorways, hand-scraped walls, and attractive interior accent walls. The kitchen is both stylish and functional, featuring granite countertops, tile backsplash, new appliances in 2023, and pantry with convenient pull-out shelves. The 2nd bedroom is designed for versatility with a built-in Murphy bed and desk, creating an efficient space for guests, work, or whatever your needs may be. The bathroom features charming shiplap walls & new glass in 2024, adding warmth and character. The laundry room offers LVP flooring, a large window for natural light, and a custom wood-and-metal gate for an attractive finishing touch. New Furnace & Gutters in 2024. Hot Water Heater & Primary Bedroom Window replaced in 2025, & Exterior House and Garage Painted in 2025. Step outside to a completely fenced and landscaped property thoughtfully designed for beauty and water efficiency. The yard features colorful flowers, artificial turf, pavers, decorative rock, and low-maintenance landscaping. An attractive wood-and-metal fence with gates at both the driveway and front walkway was installed in 2025 creating privacy and curb appeal, while a metal gate from the alley provides additional vehicle access. The backyard is a true highlight, offering Pikes Peak views and a large covered paver patio with new metal roof in 2025—perfect for relaxing, entertaining, or enjoying Colorado's beautiful outdoor setting. A NEW Tuff Shed provides additional storage. With its original charm, thoughtful updates, flexible living spaces, low-maintenance landscaping, outdoor entertaining area, and Pikes Peak views, this delightful home offers a wonderful opportunity to enjoy Colorado Springs living with style and convenience!

904 Iowa Ave, Colorado Springs

Courtesy of Keller Williams Clients Choice Realty. 719-535-0355

$375,000

3 Beds ⋅ 2 Baths ⋅ 1,288 SqFt. ⋅ ACTIVE Status

Ranch floor plan! | Must See | One of a Kind | Move In Ready | Thoughtfully Renovated, Centrally Located | 1949 Charmer | Attached 2 Car Garage | Minutes from Downtown | No HOA | Low Taxes | Step into the perfect blend of location, character, and comfort with this beautifully updated 3-bedroom (one non-conforming), 2-bath, attached 2-car garage home. 7500 sq ft corner lot. Come in, relax, and enjoy the view of the mountains and the sunsets from the living room or the front porch. Listen to the many birds that visit the privacy hedges. Take off your shoes, feel the warmth of the sun, and make yourself at home in the enclosed patio area. The rear outdoor area offers potential for a gathering or gardening space while still leaving room to park toys, rvs, trailers or other. 2025-2026 updates to this home include class 3 shingles, gutters, siding, bathroom remodel, interior and exterior paint (including garage), lighting and fans, hardware, faucets, sanded and refinished kitchen cabinets, lvp flooring, countertops, backsplash, refrigerator, and more. Carpet was replaced in 2024. Furnace was replaced and electrical was updated in 2021. Buyer and buyers agent to verify all. Pre list appraisal was done. Don't miss this one! Schedule your showing today. Reach out to agent for Seller Concession!

901 Iowa Ave, Colorado Springs

Courtesy of Sellstate Altitude Realty. 303-916-1377

$229,900

2 Beds ⋅ 1 Baths ⋅ 693 SqFt. ⋅ ACTIVE Status

There’s something special about a home that feels welcoming from the moment you walk through the door, and this charming ranch-style property has all the potential to become just that. Offering 2 bedrooms (one nonconforming), 1 bathroom, and 693 square feet of living space on a 3,740-square-foot lot, this home is an inviting opportunity for a first-time buyer, downsizer, or anyone looking to create a space of their own. Inside, you’ll find a quaint kitchen, a nicely sized bedroom, and bright wood floors that bring warmth and character throughout the home. The layout offers a comfortable starting point with plenty of possibilities to make the space uniquely yours. Step outside and the possibilities continue. The backyard provides room to relax, garden, host friends, or simply enjoy a little fresh air at the end of the day. A brand-new storage shed adds practical space for all the extras, while two assigned parking spaces make everyday living a little easier. Located just blocks from the Olympic Training Center and only minutes from downtown, you’ll have convenient access to recreation, dining, shopping, and everything the area has to offer. If you’ve been waiting for a home where you can put down roots, make it your own, and create memories along the way, this one is worth a look. Come see the potential and imagine what it could feel like to call this place home.

526 Bonfoy Ave, Colorado Springs

Courtesy of REMAX PROPERTIES. 719-548-8600

$256,000

2 Beds ⋅ 1 Baths ⋅ 806 SqFt. ⋅ ACTIVE Status

Adorable rancher situated on a nice-sized lot with an oversized, heated one-car garage offering plenty of flexibility for parking, hobbies, storage, or a workshop. The main level welcomes you with a spacious feel, LVP flooring, two-tone paint, and a cozy fireplace. The entire main level has been thoughtfully updated. The kitchen features updated cabinetry and stainless-steel appliances, while the bathroom has been fully remodeled with custom tile, a tile surround, and updated fixtures. Additional features include six-panel doors throughout, main-level laundry, and vinyl windows. The oversized garage is a standout feature, offering full power, heat, and even a half bathroom. Whether you need a shop, hobby space, additional storage, or simply a great place to keep your vehicles, this space offers tremendous versatility. Very little work is needed, with only minor cosmetic touches such as carpet potentially needed. Enjoy the benefit of having the big-ticket updates already completed while adding your own finishing touches. Come see this great Colorado Springs value today!

1915 E Kiowa St, Colorado Springs

Courtesy of Muldoon Associates Inc. (719) 591-8332

$285,000

4 Beds ⋅ 2 Baths ⋅ 1,732 SqFt. ⋅ ACTIVE Status

4-bedroom, 2-bath ranch-style home in the established Knob Hill neighborhood, offering 2,310 finished sq ft and a full finished basement. and plenty of off street parking. The main level features two bedrooms, a full bath, kitchen with pantry and eat-in area, and a spacious living room with a comfortable, functional layout. The finished basement adds two additional bedrooms, a 3/4 bath, large family room with fireplace, and laundry area, providing plenty of additional living space. Enjoy an attached 2-car garage, covered front porch, patio, and private yard. Located in an established neighborhood with mature surroundings and no HOA, offering added flexibility for the next owner. With four bedrooms, two living areas, and a versatile floor plan, this home provides plenty of space for a variety of needs. .Click the Virtual Tour link to view the 3D walkthrough.

24 Swope Ave, Colorado Springs

Courtesy of Orchard Brokerage LLC. 844-515-9880

$319,500

3 Beds ⋅ 2 Baths ⋅ 1,147 SqFt. ⋅ ACTIVE UNDER CONTRACT Status

Welcome to this charming 3-bedroom, 2-bathroom, 1.5-story home filled with character & natural light. A covered front porch welcomes you inside, where hardwood floors flow through much of the main level. The spacious living room offers plenty of room to relax & opens naturally into the dining room, creating an easy flow for everyday living & entertaining. Just beyond, the kitchen features ample cabinetry, additional built-in storage, open shelving & plenty of workspace. The main level offers two bedrooms, both with great natural light, along with a full bathroom featuring classic details that complement the character of the home. An unfinished basement provides additional storage space along with the laundry area. Upstairs, you'll find a private third bedroom with its own separate exterior entrance, bathroom & kitchenette. The upper level offers added flexibility for a guest space, home office, private retreat or additional living area. Built-in shelving, cabinetry & charming sloped ceilings make great use of the space, while multiple windows bring in natural light. With hardwood flooring, arched openings, charming architectural details & flexible living spaces throughout, this home offers plenty of opportunity to make it your own. Mature trees surrounding the property provide shade & a welcoming setting, while the covered front porch offers the perfect spot to sit back & enjoy the outdoors. A home full of character, functionality & possibilities!

731 Bonfoy Ave, Colorado Springs

Courtesy of REMAX PROPERTIES. 719-548-8600

$424,000

ACTIVE Status

Side-by-Side Duplex | Investment Opportunity | House Hack or Cash-Flowing Asset is a side-by-side duplex walking distance to the Olympic Training Center. One unit is currently leased and professionally managed by Atlas Real Estate, providing immediate rental income from day one. The second recently renovated unit is vacant, giving a buyer two clear paths: add a duplex to an investment portfolio, or house hack by living in one unit while the tenant's rent offsets the mortgage. Property Highlights: Side-by-side duplex on a single lot One unit currently leased under professional property management Off-street parking and on-site laundry Duplex set up with each unit having their own furnace, water heater, and laundry units. Large three car driveway Private and shared yard space Updated finishes (new paint, new kitchen, upgraded flooring/appliances in front unit)

1914 E Monument St, Colorado Springs

Courtesy of Real Broker, LLC DBA Real. 720-807-2890

$329,900

3 Beds ⋅ 1 Baths ⋅ 1,086 SqFt. ⋅ ACTIVE Status

BRAND NEW EXTERIOR PAINT! This property offers a fantastic opportunity with a main house plus a detached cottage, both with rental history! The main home features 3 bedrooms, a spacious living room/dining room combination, and an eat-in kitchen. Out back, the detached 1-bedroom, 1-bathroom cottage has convenient access from the alley and adds excellent flexibility for rental income, guests, or additional living space. Located in a great area within walking distance of Memorial Park, this property offers both location and potential. MX-L zoning provides additional possibilities. Recent updates include new water heaters in both the main house and cottage, plus new carpet in the cottage. Whether you're looking for an investment opportunity, additional living space, or a property with room to grow, this property offers plenty of possibilities!

27 Bonfoy Ave, Colorado Springs

Courtesy of Keller Williams Clients Choice Realty. 719-535-0355

1917 E Cache La Poudre St, Colorado Springs

$365,000

3 Beds ⋅ 2 Baths ⋅ 1,045 SqFt. ⋅ ACTIVE Status

Welcome to a charming home that blends timeless character with everyday livability in the heart of Colorado Springs. From the moment you arrive, you’ll appreciate the inviting curb appeal, classic brick accents, and cozy cottage feel that set the tone for what’s inside. Step into a bright and open living space featuring beautiful hardwood floors, abundant natural light, and a layout that flows effortlessly from living to dining. The interior showcases warmth and personality throughout, with built-ins, unique architectural touches, and a welcoming atmosphere that feels both comfortable and full of potential. The kitchen offers a practical layout with generous cabinet storage and prep space. The main floor bedrooms are bright and welcoming, offering peaceful spaces to relax at the end of the day. Downstairs, the basement adds valuable extra space for storage, hobbies, or future expansion, giving you flexibility to make the home truly your own. One of the standout features of this property is the expansive lot. The large yard offers endless possibilities, whether you envision gardening, entertaining on the deck, adding outdoor living features, or simply enjoying the open space. There’s even a play structure already in place, along with a shed in the backyard that includes a fridge and freezer, making it ideal for recreation and relaxation alike. Located in an established neighborhood, you’re just minutes from downtown Colorado Springs, Patty Jewett Golf Course, and the vibrant dining and shopping options along Academy Boulevard. Outdoor enthusiasts will love the easy access to Memorial Park, Palmer Park, and the endless hiking and biking trails the area is known for. Plus, with quick connections to I-25, commuting and exploring all that Colorado Springs has to offer is effortless. This is a rare opportunity to own a home full of character on a generously sized lot in a central and a convenient location. Come check it out today!

1917 E Cache La Poudre St, Colorado Springs

Courtesy of Ed Prather Real Estate. 720-650-4959

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