716 W Madison Street
Colorado Springs, CO 80907
- 2 beds
- 2 baths
- 1,203 sqft
- 8,000 sqft lot
- $192 per sqft
- 1939 build
- – on site
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Prime West Side Duplex Opportunity – Downtown Colorado Springs Investment Property Investor Special in Prime West Side Location! First time on the market in over 40 years! This west side duplex is brimming with potential but will require a serious renovation to shine again. Each side features 1 bedroom, 1 bathroom, and a private yard, with a detached 2-car garage—one side functional and the other used as storage or a workshop. Situated on a large lot with easy access to I-25, downtown Colorado Springs, and west side shops and dining, the location can't be beat. Most windows have been replaced with dual-pane vinyl, and there’s a new water heater in the vacant unit. This is not a project for the faint of heart or novice DIYer. It needs significant work to bring it back to life. Whether you're looking for a fix-and-flip, a buy-and-hold investment, or a lot to scrape and rebuild in a desirable west side neighborhood, this property is priced accordingly and sold strictly AS-IS. Current tenants may like to stay or lease states they will vacate within 60 days of closing. Bring your vision, your contractor, and your grit—opportunities like this are rare!
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Last updated May 13, 2025
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MLS# 9352580 —
The Building
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Year Built:1939
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Construction Materials:Frame
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Building Area Total:1203
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Building Area Source:Public Records
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Structure Type:Duplex
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Roof:Metal
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Foundation Details:Slab
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Levels:One
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Basement:false
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Architectural Style:Bungalow
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Common Walls:No One Above, No One Below, 1 Common Wall
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Entry Location:Stairs
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Direction Faces:East
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Exterior Features:Private Yard
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Patio And Porch Features:Deck, Patio
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Above Grade Finished Area:1203
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Property Attached:true
Interior
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Flooring:Linoleum
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Fireplace Features:Wood Burning Stove
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Laundry Features:In Unit
Room Dimensions
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Living Area:1203
Financial & Terms
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Ownership:Estate
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Possession:Closing/DOD
Location
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Latitude:38.86476913
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Longitude:-104.8370864
The Property
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Property Type:Residential Income
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Property Subtype:Duplex
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Parcel Number:74011-13-019
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Property Condition:Fixer
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Current Use:Live/Work
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Zoning:R2
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Lot Size Area:8000
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Lot Size Acres:0.18
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Lot Size SqFt:8,000 Sqft
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Lot Size Units:Square Feet
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Exclusions:Tenant Personal property
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View:City
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Fencing:Full, Partial
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Road Responsibility:Public Maintained Road
Listing Agent
- Contact info:
- Agent phone:
- (530) 228-8004
- Office phone:
- (888) 440-2724
Taxes
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Tax Year:2024
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Tax Annual Amount:$1,084
Beds
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Bedrooms Total:2
Baths
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Total Baths:2
The Listing
Heating & Cooling
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Heating:Wall Furnace, Wood Stove
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Cooling:None
Utilities
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Utilities:Electricity Connected, Natural Gas Connected
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Electric:110V
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Gas Water Heater, Range, Refrigerator, Washer
Schools
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Elementary School:Steele
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Elementary School District:Colorado Springs 11
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Middle Or Junior School:North
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Middle Or Junior School District:Colorado Springs 11
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High School:Coronado
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High School District:Colorado Springs 11
The Community
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Subdivision Name:Roswell City
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Association:false
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Senior Community:false
Parking
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Parking Total:2
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Parking Features:Unpaved
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Attached Garage:false
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Garage Spaces:2
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).
