Built in 1888, this downtown Colorado Springs Victorian has survived more than a century — and it looks like it. Original character, high ceilings, timeless architectural detail. But what makes it genuinely interesting as a purchase right now isn't just the history. It's the layout.

Separate upper and lower living spaces. Listed at $475K. Walk to downtown restaurants, breweries, coffee shops, and parks. That combination — historic home, income flexibility, and walkability — is harder to find than it sounds in this market.

Year Built 1888
List Price $475,000
Configuration Separate upper & lower
Location Downtown Colorado Springs

The Income Angle

With separate upper and lower living spaces, the classic move here is to live in one unit and rent the other — offsetting your mortgage while you own a piece of downtown Colorado Springs history. It also works for multi-generational living: two households under one roof without actually being on top of each other.

What this property can and can't do as a short-term rental: This property can be used as a short-term rental (Airbnb, VRBO, etc.) — but only if it is owner-occupied and all City of Colorado Springs licensing and regulations are followed. It is not eligible as a non-owner-occupied short-term rental. If you're planning to buy it as a pure Historic Home / Homestead and rent both units short-term without living there, that plan won't work here. If you're planning to live in one unit and rent the other short-term, talk to Talisa about what the city requires first.

Why Downtown Location Matters

Downtown Colorado Springs has changed significantly over the last several years. Walkability to restaurants, bars, breweries, coffee shops, and parks is real — not a stretch. For a renter evaluating the upper or lower unit, that walkability is a genuine selling point that supports both occupancy and rental rate.

For the owner-occupant, it means a lifestyle that's hard to replicate in the suburbs: leave the car at home, walk to dinner, be part of a neighborhood with actual foot traffic and energy.

Is This for You?

This property makes the most sense for someone who wants to own in downtown Colorado Springs, is comfortable with the age and character of a late 19th-century home, and wants the flexibility of a second living unit — whether that's rental income, a family member, or just extra space. If that's you, it's worth a look.

Want to See It?

You can view the full listing on Zillow. If you have questions about this property, the downtown market, or how the income side of a dual-unit home works, book a free call with Talisa.

Book a Free Consultation

Listing details, availability, and pricing are subject to change. Short-term rental rules are subject to City of Colorado Springs regulations — verify current requirements before purchase. This post is for informational purposes only. Talisa McCarty did not list this property.

Tagged: Downtown COS Investing Neighborhoods