Rare opportunity to own a multi-family property in the Old Colorado City area of Colorado Springs. Situated on W Colorado Avenue, this property offers strong location fundamentals with close proximity to shopping, dining, major corridors, and well-known local attractions. With 4,215 square feet across four units and a well-sized lot zoned MX-M, the property allows for a range of potential uses, including long-term hold, renovation, or mixed-use consideration. Located outside of Manitou Springs, the property may offer additional flexibility regarding short-term rental use, subject to buyer verification of all local regulations and requirements. The surrounding area continues to see consistent demand, supported by established infrastructure and convenient access to downtown Colorado Springs, Manitou Springs, Red Rock Canyon Open Space, Garden of the Gods, the Cog Railway, the Incline, and Rock Ledge Ranch. Strong combination of size, location, and future potential in a well-established part of the city.

Property Details of 3138 W Colorado Avenue

Property Details

Interior Features

Utilities and Appliances

Community

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Listed by Asa Kortman of Keller Williams Partners (719-955-1999)

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Based on information submitted as of May 16, 2026 7:02 PM EDT. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp d/b/a elevateMLS.

 
 

 

 

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