Residential Income In Colorado Springs

OLD NORTH END VICTORIAN HOME* 4 RESIDENTIAL UNITS * 3 OCCUPIED RENTAL APARTMENTS * MOVE-IN-READY MAIN HOME * HOUSE-HACKING OPPORTUNITY

Own a restored Victorian home in Colorado Springs’ historic Old North End! Located at 1823 N Nevada Avenue, this four-unit property combines historic architecture, modern upgrades, and existing rental income. The vacant, move-in-ready main residence offers 3,004 square feet, 4 bedrooms, 2.5 bathrooms, and two spacious levels. A formal entrance and wooden staircase showcase the home’s Victorian character, complemented by gleaming hardwood floors, high ceilings, wood-beamed ceilings, chandeliers, custom tilework, and upgraded lighting. Two parlors provide flexible living and entertaining spaces, while the large open kitchen offers room for gathering. A spacious fenced backyard adds outdoor living possibilities. The home’s combination of formal gathering rooms, an open kitchen, and a fenced yard creates options for entertaining, a home office, and outdoor dining.

Three additional one-bedroom apartments, each approximately 725 square feet, are currently tenant-occupied. With approximately 5,179 total square feet across four residential units, this property offers an opportunity for owner-occupied multifamily living, rental investment, or house hacking. Live in the main home while collecting rental income from the three apartments to help offset ownership expenses!

Located near Colorado College, Monument Valley Park, downtown Colorado Springs, restaurants, shopping, I-25, and Highway 24. Historic Victorian details, updated finishes, existing tenants, and a vacant main residence make this a distinctive multifamily opportunity in the Old North End. Buyer to verify square footage, lease terms, rental income, and permitted uses.

Nearby amenities
- Colorado College - nearby campus
- Monument Valley Park - trails and recreation
- Downtown Colorado Springs - dining and shopping
- I-25 and Highway 24 - regional access