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Status: Active

321 Graceland Grv 
Colorado Springs, CO 80904

20% Increase

$1,000,000

$1,200,000

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Discover 3 newly built, fully permitted living units—each with its own kitchen & laundry—on one expansive, versatile property designated as a Single Family Residence. Perfect for multi-generational living, steady rental income, an allowed STR with license, or a combination of all. Unit One features 2 bedrooms, a full kitchen, laundry, a cozy living room with a wood-burning fireplace, true oak flooring, and a modern bathroom with a spacious shower. Outside, enjoy a private yard with a generous garden—ideal for owners, tenants, guests, or extended family. Unit Two offers all-tile flooring, 2 bedrooms, one full bath, a comfortable family room, a full kitchen with a large peninsula for bar seating, and its own laundry. The layout works beautifully for long-term rentals, short-term rentals (Airbnb or VRBO), or visiting friends and family. Unit Three, or the main house, is the showpiece. The main level includes oak floors, a full kitchen with dual sinks, a dining area, and a ¾ bath. Upstairs, you’ll find 4 bedrooms, 2 composite decks, a family room with mountain views, and a laundry room. The primary suite impresses with a large walk-in closet, attached nursery or office, and a luxurious 4-piece ensuite bath. Outdoor living shines with a spacious courtyard, a tree covered composite deck for entertaining, and an oversized, fully finished, and insulated 3-door (2-car) garage with a wood-burning stove & heated kitchenette -plus 5 extra parking spaces for guests or tenants. Every detail has been thoughtfully upgraded including high-end finishes, modern kitchens & baths, expanding foam insulation, and updated fixtures, all blending style with comfort. Whether you choose to live in one unit and rent the others, or lease all three for maximum income potential, this Architect-owned property offers unmatched versatility, security cameras for peace of mind, and exceptional value in a single-family setting.
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Bedrooms
8
Baths
5
House Size
3,352 sqft
Year Built
2006
Lot Size
0.15 ac
School District
Colorado Springs 11

Location

Market Insights

In the last 30 days, homes for sale in Old Colorado City, Colorado Springs, CO were on the market for a median of 26 days and 21.05% of homes sold above list price.

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Interior Information

basement
Crawl Space
cooling
Central Air
fireplace
Wood Burning
Wood Burning Stove
heating
Forced Air
view
Mountain(s)

Exterior Information

roof
Shingle

Property Information

architectural style
2 Story
construction
Masonite
Stucco
Wood Siding
Frame
lot
Corner Lot
parking
Detached
  • Listed By Nathan Johnson ABR CRS GRI MRP
  • natej30remax@gmail.com
  • RE/MAX Real Estate Group LLC
  • (719) 534-7900
  • MLS 1503871

Monthly Payments Calculator

Estimated Monthly Cost

$7,623

30 year fixed·6.9% interest rate
Principal & Interest
$6,323
Property Taxes
$1,000
Home Insurance
$300
HOA Fees
$0
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*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
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