321 S Graceland Grove
Colorado Springs, CO 80904
- 8 beds
- 5 baths
- 3,352 sqft
- 6,534 sqft lot
- $417 per sqft
- 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 May 15, 2025
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MLS# 1503871 —
The Building
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SqFt Total:3,352 Sqft
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SqFt Finished:3,352 Sqft
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Year Built:2006
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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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Floor Plan:2 Story
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Patio Description:Composite, Concrete, Wood Deck
Interior
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Fireplace Description:Main Level, One, Wood Burning, Wood Burning Stove
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Laundry Facilities:Electric Hook-up, Main, Upper
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Floors:Ceramic Tile, Tile, Wood, Luxury Vinyl
Room Dimensions
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SqFt Main Floor:1,255 Sqft
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SqFt Upper Floor:2,097 Sqft
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SqFt Lower Floor:0 Sqft
Financial & Terms
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Terms:Bond, 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:Residential
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Property Subtype:Single Family
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Construction Status:Existing Home
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Property Attached:No
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Lot Description:Corner, Mountain View, View of Pikes Peak
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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
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Miscellaneous:Breakfast Bar, Kitchen Pantry
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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Bedrooms Total:8
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Main Floor Bedroom:1
Baths
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Total Baths:5
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Full Baths:2
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Three Quarter Baths:3
The Listing
Heating & Cooling
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Heating:Forced Air
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Cooling:Central Air
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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Elementary:West
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Jr School:West
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High School:Coronado
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School District:Colorado Springs 11
The Community
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HOA Covenants Exist:Yes
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Association Fee Frequency:Not Applicable
Parking
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Garage Type:Detached
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Garage Spaces:2
Monthly cost estimate

Asking price
$1,400,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$7,496
|
Taxes | $239 |
Insurance | $385 |
Utilities | $176 See report |
Total | $8,296/mo.* |
*This is an estimate |
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).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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5/15/25
May 15, 2025
|
Listed / Active | PPMLS | $1,400,000 |