321 Graceland Grove
Colorado Springs, CO 80904
Map
- – beds
- – baths
- – sqft
- 6,534 sqft lot
- 2006 build
- – on site
Welcome to an extraordinary investment opportunity offering three beautifully updated living units on one expansive and versatile property—perfect for multi-generational living, house hacking, or maximizing rental income. Unit One features 2 bedrooms, a full kitchen, a cozy living room with a wood-burning fireplace, Oak hardwood flooring, a modern bathroom with a large shower, in-unit laundry, and access to a private yard—ideal for tenants or personal use. Unit Two, with Porcelain tile flooring, offers 2 spacious bedrooms, a large family room, a full kitchen with a stylish peninsula bar top for dining, and laundry area—an ideal layout for long-term rental or guest accommodations. Unit Three is a showstopper. The main floor, with Oak Harwood flooring, includes a full kitchen, dining area, and a bathroom with shower. Upstairs, which has porcelain tile, you’ll find three guest bedrooms, two balconies, a grand family room with breathtaking mountain views, laundry room, and an impressive primary suite with a walk-in closet, a private nursery or office space, and a luxurious 4-piece ensuite bathroom. Outside, enjoy a large courtyard perfect for outdoor entertaining, an oversized fully finished 2-car garage with wood-burning stove, and three additional parking areas for ample guest or tenant convenience. Every inch of this property has been thoughtfully upgraded with high-end finishes, including porcelain tile flooring throughout, modern kitchens and bathrooms, and updated fixtures—all blending contemporary style with comfort. With the ability to live in one unit and rent the others, or lease all three for maximum income potential, this is a rare and lucrative opportunity. Whether you're an investor or a homeowner looking for versatility and value, this property checks all the boxes.
Last checked:
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Last updated Jun 14, 2025
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MLS# 8221419 —
This property is listed in more than one place. See it here.
The Building
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Year Built:2006
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Unit Count:3
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Roof:Composite Shingle
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Foundation Details:Crawl Space
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Siding:Masonite Type, Stucco, Wood
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Structure:Framed on Lot, Frame
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Unit Total SQFT:3,352 Sqft
Interior
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Fireplace Description:Main Level, One, Wood Burning, Wood Burning Stove
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Laundry Facilities:Electric Hook-up
Financial & Terms
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Terms:Cash, Conventional, VA
Location
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Latitude:38.843022
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Longitude:-104.844627
The Property
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Property Type:Income
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Property Subtype:SF Home
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Construction Status:Existing
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Lot Size:0.1500
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Lot Size Area:6534.00
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Lot Size Units:Acres
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Acres Total:0.1500
Listing Agent
- Contact info:
- Agent phone:
- (719) 209-5316
- Office phone:
- (719) 534-7900
Taxes
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Tax Year:2024
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Tax Amount:$2,876.66
Beds
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Total Bedrooms:8
Baths
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Total Baths:5
The Listing
Heating & Cooling
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Heating:Forced Air
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Cooling:Central Air, Wall Unit(s)
Utilities
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Utilities:Cable Available, Electricity Connected, Natural Gas Connected
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Water:Municipal
Appliances
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Appliances:220v in Kitchen, Dishwasher, Dryer, Gas in Kitchen, Microwave Oven, Oven, Range, Refrigerator, Self Cleaning Oven, Washer
Schools
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School District:Colorado Springs 11
Parking
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Parking Spaces Number Of:6
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/28/25
May 28, 2025
|
Listed / Active | PPMLS | $1,400,000 |
