803 S Cascade Avenue

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, with a projected resale value of approximately $950,000 once completed.

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.