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$535,000
5 Beds ⋅ 3 Baths ⋅ 2,080 SqFt. ⋅ ACTIVE UNDER CONTRACT Status
Close to Patty Jewett. Designed for Possibility. In an unbeatable location in the heart of Patty Jewett, this unique property offers the opportunity to create a spacious single-family residence in one of Colorado Springs' most established and sought-after neighborhoods. While plans for the future may include conversion to a single-family home, the current configuration (Zoned R2) also provides the flexibility for rental income along the way. Surrounded by mature trees and just minutes from the historic Old North End, downtown, parks, restaurants, and local shops, the location is difficult to replicate. The upper level has been refreshed with a new coat of paint and updated lighting throughout, creating a bright and welcoming living environment. This space features 3 bedrooms, 2 baths, a wood-burning fireplace, and a composite deck with wrought iron railing that captures the views. The lower level, with separate entrance, offers a spacious living room, kitchenette, 2 additional bedrooms, and a full bath, providing flexibility for multi-generational living, guest accommodations, home office needs, or future reconfiguration. Shared laundry serves both levels, while the oversized detached one-car garage offers additional storage and an enclosed workshop. Alley access, ample street parking, and established landscaping contribute to the property's convenience and character. Whether preserving the current layout to benefit from income or exploring conversion to a larger single-family home, this property presents a rare opportunity to create something special in a neighborhood known for its charm, walkability, and enduring appeal. Convenient access to downtown Colorado Springs, I-25, the Powers Corridor, parks, golf, and medical facilities makes this an exceptional place to call home.

1344 N Arcadia St, Colorado Springs

Courtesy of LIV Sotheby's International Realty CO Springs. 719-578-8800

$535,000
ACTIVE UNDER CONTRACT Status
Close to Patty Jewett. A Smarter Investment. Opportunity is knocking in the highly desirable Patty Jewett neighborhood. This Zoned R-2 duplex offers immediate income potential with an established tenant in the lower unit who would like to remain, providing rental income from day one. The property consists of two units. The upper unit features 3 bedrooms, 2 baths, LVP flooring, fresh paint throughout, new lighting, a wood-burning fireplace, and a composite deck with wrought iron railing offering views. The lower unit includes a spacious living room, kitchenette, 2 bedrooms, and 1 full bath. The oversized detached one-car garage with storage and an enclosed workshop is accessed from the alley and offers additional income potential. Amenities include shared laundry facilities, and ample street parking. Mature trees and established surroundings enhance the property's appeal for both tenants and owner-occupants. Patty Jewett continues to be one of Colorado Springs' most desirable neighborhoods, known for its walkability, character, and proximity to downtown, the Old North End, local dining, parks, major employment centers, I-25, and the Powers Corridor. The combination of location, tenant demand, and future flexibility creates an attractive opportunity for investors seeking both immediate cash flow and long-term appreciation.

1344 N Arcadia St, Colorado Springs

Courtesy of LIV Sotheby's International Realty CO Springs. 719-578-8800


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