1344 N Arcadia St Colorado Springs, CO 80903

Close to Patty Jewett. Designed for Possibility. In an unbeatable location in the heart of Patty Jewett, this unique property offers the opportunity to create a spacious single-family residence in one of Colorado Springs' most established and sought-after neighborhoods. While plans for the future may include conversion to a single-family home, the current configuration (Zoned R2) also provides the flexibility for rental income along the way. Surrounded by mature trees and just minutes from the historic Old North End, downtown, parks, restaurants, and local shops, the location is difficult to replicate. The upper level has been refreshed with a new coat of paint and updated lighting throughout, creating a bright and welcoming living environment. This space features 3 bedrooms, 2 baths, a wood-burning fireplace, and a composite deck with wrought iron railing that captures the views. The lower level, with separate entrance, offers a spacious living room, kitchenette, 2 additional bedrooms, and a full bath, providing flexibility for multi-generational living, guest accommodations, home office needs, or future reconfiguration. Shared laundry serves both levels, while the oversized detached one-car garage offers additional storage and an enclosed workshop. Alley access, ample street parking, and established landscaping contribute to the property's convenience and character. Whether preserving the current layout to benefit from income or exploring conversion to a larger single-family home, this property presents a rare opportunity to create something special in a neighborhood known for its charm, walkability, and enduring appeal. Convenient access to downtown Colorado Springs, I-25, the Powers Corridor, parks, golf, and medical facilities makes this an exceptional place to call home.