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  2. Location
  3. Interior
  4. Exterior
  5. Property
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Status: Active

803 S Cascade Ave 
Colorado Springs, CO 80903

$885,000

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Investor Special – 3 Homes on One Lot in Prime Downtown Colorado Springs Location! A rare opportunity awaits just blocks from the heart of downtown Colorado Springs—three fully detached homes on one lot, each with separate utilities, private parking, and individual street access. Currently operating as successful short-term rentals, this property offers versatile income potential with multiple exit strategies. Live in one and rent the other two, hold as a high-performing AirBnB portfolio, or subdivide and sell individually for instant equity. Preliminary conversations with the city suggest the subdivision process is straightforward, Located just 1 block from Shuga’s, 2 blocks from the S. Tejon restaurant district, and 3 blocks from the stadium, this location is unbeatable for walkability and rental desirability. Property Breakdown: 803 – 1,352 sq ft Charming two-story home with a fenced yard, central air + mini splits, and new windows. Main-level features a bedroom and full bath, with a second bedroom, full bath, and additional living space upstairs. Updated throughout. Washer and dryer included. 9 – 1,025 sq ft Historic two-story with original hardwood floors, a gas stove, and clawfoot tub. Includes one bedroom and full bath on the main level, and a second bedroom upstairs. Features mini split cooling, and a fenced backyard/patio area perfect for guests or tenants. 15 – 460 sq ft Compact and stylish home with alley access, a detached shed/garage, and a tranquil water feature. Includes a washer/dryer combo and mini split cooling. Ideal for a mid-term rental or personal retreat. Bonus: These homes boast a fascinating piece of local lore—originally owned by the mistress of Colorado Springs tycoon Winfield Scott Stratton.
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Bedrooms
2
Baths
2
House Size
1,352 sqft
Year Built
1894
Lot Size
0.22 ac
School District
Colorado Springs 11

Location

Market Insights

In the last 30 days, homes for sale in Downtown, Colorado Springs, CO were on the market for a median of 6 days and 33.33% of homes sold above list price.

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Interior Information

basement
Crawl Space
cooling
Ceiling Fan(s)
Central Air
Other
Wall Unit(s)
fireplace
None
heating
Forced Air
Natural Gas
Wall Furnace
view
Mountain(s)

Exterior Information

fence
Fenced
roof
Shingle

Property Information

architectural style
1.5 Story
construction
Wood Siding
lot
Corner Lot
Level
  • Listed By Jeffrey Johnson
  • jeffjohnson@thejohnsonteam.net
  • Keller Williams Premier Realty
  • (719) 445-0234
  • MLS 2204336

Tax History

Date

Property Tax

Land

Additions

Tax Assessment

2020$1,597$36,000$261,336$297,336

Tax data provied by Attom


Monthly Payments Calculator

Estimated Monthly Cost

$5,096

30 year fixed·6.9% interest rate
Principal & Interest
$4,663
Property Taxes
$133
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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