Selected for the Terner Labs Housing Venture Lab

1208 Colorado Avenue, Colorado Springs, CO 80904

Active
Listed 46 days ago
Owner-Occupant Eligible
$580,000

About $2,190 a month to live here, after the rent from the other home.

Duplex1,519 sqft2 beds2 bathsListed Sep 27, 2026

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

Live here for about

$2,190a month

The other home rents for $1,100. We hold back $215 of that for repairs and an empty month, and the rest goes toward a $3,075 monthly payment.

Income to qualify: about $76,000 a year

With how much down?

At 20% down ($116,000) 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 $80,000 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.

$20,300 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

$15k Concessions offered for Rate buy down or closing costs. Zoned Mixed-Use, this SFH plus Additional Dwelling Unit provides a truly unique long-tem rental invesment opportunity. A restored 1890s home paired with fully equipped 600 sqft ADU—delivering built-in income, house-hacking potential, multi-unit flexibility, with newer mechanical/HVAC, turnkey livability and immediate revenue upside. The main home (rents for $1800-$2100/month), features 2 bedrooms, 2 baths, 1,097 sq ft living space, plus additional ~300 sqft finished loft area—for added flex/utility. Loads of natural light in modern kitchen with coffered ceilings, SS appliances, island seating, and 36-inch cabinetry. Each bedroom suite has private access to its own full bath, creates optimal layout flexibility for tenants, traveling professionals, or dual-occupancy. Primary bedroom has walk in closet, while the second bedroom includes a private exterior entrance—perfect for independent rental use or increased privacy. Dedicated laundry space enhances functionality, and newer paint, and windows show strong maintenance. Outdoor living includes wrap around back deck, mature trees, and fully fenced grass yards with sprinkler system for both the main home and ADU—ideal for tenant separation, pet-friendly leasing, or multi-unit privacy. The ADU at 1208 B Expands income potential (rents for $900 - $1200/month) and is a pristine 600 SF with 1 bedroom, 1 full bath, granite counters in kitchen with island bar dining, and second laundry plus lofted flex/storage space. Private yard, independent functionality—well-suited for traveling nurses, or multi-generational use. A concrete path connects both structures to a gated 2-car tandem traditional or RV parking area, supporting ease of access and tenant convenience. CSU utilities are tenant expense, not separately metered. Historic charm, modern updates, and dual-unit long term rental income potential—this property is a rare, ready-to-perform asset in a prime location.

Duplex

Property Type

7,500 sqft

Lot Size

1890

Year Built

Listing Date: 09/27/2026

Listed by: Rebecca Groe

Listing office: Coldwell Banker Realty BK

Contact: 719-640-8167

Source: REcolorado #3371409

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%
$580,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$580,000
Your Down Payment$116,000
Financed$464,000
Estimated Monthly Payment$3,075

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 ($116,000) and 5.6%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$3,075/month
Principal + Interest
$2,664
Property Taxes
$127
Home Insurance
$284
Rental Income (1 Unit)
$1,100/month

From market rates for this unit's size.

Rental Expenses
-$215
Cost to live here
$2,190/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# 3371409 · Listing office: Coldwell Banker Realty BK

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