Selected for the Terner Labs Housing Venture Lab

225 Cedar Street, Colorado Springs, CO 80903

Active
Listed 129 days ago
Owner-Occupant Eligible
$500,000

About $1,858 a month to live here, after the rent from the other home.

Duplex2,250 sqft3 beds3 bathsListed Jul 6, 2026

A duplex. Live in one home and rent out the other. How it works

Live here for about

$1,858a month

The other home rents for $1,222. We hold back $238 of that for repairs and an empty month, and the rest goes toward a $2,842 monthly payment.

Income to qualify: about $68,000 a year

With how much down?

At 20% down ($100,000) and 5.6%, 30-year fixed. Your rate and down payment change this.

Get rich slow: keep this loan ten years and the payments pay off about $69,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

The cost to live here is the loan payment, taxes, insurance and any dues, less the rent, with a little held back for repairs and an empty month. Income to qualify uses a 43% debt-to-income limit, counts 75% of the rent, and none of your other debts.

$17,500 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Just blocks from the heart of Downtown Colorado Springs, this beautifully updated home features a separate garden-level apartment with a private entrance—ideal for a roommate, college student, home office, or potential rental income. The main level features newer LVP flooring, a bright kitchen with granite countertops, updated cabinetry, newer appliances, and pull-out shelving. Main-floor laundry adds convenience, and the spacious bedroom opens directly to the deck. The refreshed bath includes a new vanity, shower insert, and updated plumbing fixtures. Upstairs, the spacious suite features two closets, built-ins, a seating area, LVP flooring, a new skylight, and Pikes Peak views. The garden-level apartment offers brand-new carpet, new windows with abundant natural light, a new ¾ bath, PRIVATE ENTRANCE, and access to a large storage room. EXTENSIVE IMPROVEMENTS include new windows throughout, a new electrical service panel, additional circuits, new receptacles and switches, updated light fixtures, a newly lined sewer line, and new basement lift pump. Additional updates include a new front and storm door, new sliding door with in-glass blinds, rebuilt front stairs, and new interior barn doors. Outside, enjoy low-maintenance xeriscaping, RV parking, and alley access to the garage. Restaurants, coffee shops, and Downtown Colorado Springs amenities are just blocks away. Updated, versatile, and ideally located, 225 N Cedar Street offers the added advantage of a separate apartment in the heart of the city.

Duplex

Property Type

6,250 sqft

Lot Size

1901

Year Built

Listing Date: 07/06/2026

Listed by: Brian Boals

Listing office: RE/MAX Real Estate Group Inc

Contact: 719-459-9955

Source: REcolorado #3107641

Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.

CHOOSE YOUR UNIT

Tap the one you would live in. The rest pay rent, and that rent comes off your monthly cost.

If someone lives in the unit you want, or a lease comes with the home, ask how moving in works on this one.

CHECK OUR MATHEvery line of the monthly cost is in here. Change the price or the down payment and watch it move.

OFFER PRICE

Change your offer and watch the monthly cost move.

Purchase Price

-15%
$500,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$500,000
Your Down Payment$100,000
Financed$400,000
Estimated Monthly Payment$2,842

Before rent: principal and interest at 5.6% on a 30-year fixed loan, taxes, insurance and any HOA dues. Your rate and down payment change this.

MONTHLY BREAKDOWN

Estimate at 20% down ($100,000) and 5.6%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$2,842/month
Principal + Interest
$2,296
Property Taxes
$126
Home Insurance
$420
Rental Income (1 Unit)
$1,222/month

From the listing description.

Rental Expenses
-$238
Cost to live here
$1,858/month

Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.

BEFORE YOU OFFER

Now run it on your paycheck.

This page is priced at one down payment and one rate. Send the address and we run it at yours: what you would pay each month after rent, and which loan works on this home.

Free. No credit pull.

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MLS# 3107641 · Listing office: RE/MAX Real Estate Group Inc

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