Selected for the Terner Labs Housing Venture Lab

519 Chestnut Street, Colorado Springs, CO 80905

Active
Listed 42 days ago
Owner-Occupant Eligible
$439,000

About $1,405 a month to live here, after the rent from the other home.

Duplex1,186 sqft2 beds2 bathsListed Oct 1, 2026

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

Live here for about

$1,405a month

The other home rents for $1,149. We hold back $224 of that for repairs and an empty month, and the rest goes toward a $2,330 monthly payment.

Income to qualify: about $55,000 a year

With how much down?

At 20% down ($87,800) 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 $60,000 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.

$15,365 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

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. Outside, a small fence encloses its private, walk-out stamped concrete patio, creating a beautifully secluded retreat. Private and tucked away among mature trees, this expansive 9,000 SF lot features alley access and incredible investment flexibility. The R-2 zoning and lot layout provide multiple configurations for short-term rentals, long-term leasing, multi-generational living, or a combination of these. Final property enhancements are currently being completed, including fresh exterior paint and deck refinishing to ensure it is completely turnkey. Absolute prime location minutes from Downtown Colorado Springs, Manitou Springs, Garden of the Gods, I-25, and Highway 24.

Duplex

Property Type

9,000 sqft

Lot Size

1942

Year Built

Listing Date: 10/01/2026

Listed by: Kristin Zigurs

Listing office: Fathom Realty Colorado LLC

Contact: 719-799-0802

Source: REcolorado #3978775

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%
$439,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$439,000
Your Down Payment$87,800
Financed$351,200
Estimated Monthly Payment$2,330

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 ($87,800) and 5.6%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$2,330/month
Principal + Interest
$2,016
Property Taxes
$93
Home Insurance
$221
Rental Income (1 Unit)
$1,149/month

From nearby rental comps.

Rental Expenses
-$224
Cost to live here
$1,405/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# 3978775 · Listing office: Fathom Realty Colorado LLC

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