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$487,000 -$20,000 (-3.94%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 2 Full Baths
  • 1,768 Sq. Ft.
  • 2 Car Garage
  • Updated 1 day ago
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Welcome to the highly sought out Bonnyville neighborhood. Located in the heart of Colorado Springs just north of downtown, adjacent to the Patty Jewett golf course, and a short commute to I-25. A combination of rich history known for its quiet, safe, tree-lined streets, and community friendly atmosphere. Highly walkable with easy access to Bonforte Park, the Bon Shopping Center, and Penrose Main Hospital. Once you step inside, you'll know this newly renovated home is the ONE with beautiful hardwood floors, an abundance of natural light complimented with new light fixtures, an updated kitchen with stainless steel appliances, refreshed bathrooms, new LVP flooring, new carpet, and fresh paint. This property offers a perfect blend of comfort, style, and investment options (a strong proven rental history). With 5 bedrooms, 2 full bathrooms, a walkout basement complete with a kitchenette the possibilities are endless - single family home, multigenerational living, short term rental (Vrbo or AirBnB), or mid term rental (traveling nurses). There is plenty of room for families, guests, or tenants. Additional updates include: a new roof in 2024, a new furnace in 2024, and a new water heater in 2023. If you're looking for a home in a neighborhood where deep and lasting relationships will be made, look no further, make this house YOUR HOME! A SOLID HOME! A SOLID INVESTMENT!

Full Property Details for 518 E Madison St

General

  • Price: $487,000
  • Taxes: $110 (2024)
  • Status: Active
  • Type: Single Family
  • Source: PikesPeak
  • MLS ID: 4743467
  • Updated: 5/31/2026
  • Added to Site: 12 day(s) ago

Interior

  • Appliances: 220 Volts in Kitchen, Cook Top, Dishwasher, Dryer, Kitchen Vent Fan, Microwave, Oven, Range, Refrigerator, Washer

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: Basement, Electric Hook-up, Gas Hookup

Parking

  • Garage Spaces: 2
  • Garage Description: Detached

Location

  • County: El Paso
  • Subdivision: Bonnyville

School Information

  • School District: Colorado Springs 11

Heating & Cooling

  • Cooling Type: Ceiling Fan(s)
  • Heating Type: Forced Air, Natural Gas

Utilities

  • Water: Municipal
  • Utility Description: Cable Connected, Electricity Connected, Natural Gas Connected

Structural Information

  • Description/Design: Ranch
  • Structure Type: Frame
  • Construction Status: Existing Home
  • Exterior Const.: Wood
  • Roof: Composite Shingle
  • Square Feet: 1,768
  • Main/1st Level: 884 Sq. Ft.
  • Down/Basement: 884 Sq. Ft.
  • Finished Total: 1,653 Sq. Ft.
  • Basement Finished: 87%
  • Lower Finished: 0%
  • Year Built: 1914

Lot Features

  • Lot Size (Acres): 0.1308
  • Lot Size (Sq. Ft.): 5,697
  • Lot Description: City View, Corner, Level
  • Fencing (Description): All

Financial Considerations

  • Assoc Fee Freq.: Not Applicable
  • Tax Amount: $110.46
  • Tax Year: 2024

Listed by The Cutting Edge

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— 518 E Madison St —

  • The Cutting Edge

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 518 E Madison St

School District:Colorado Springs School District 11
NameGradesDistance
Jackson Elementary School, Colorado Springs, CO
4340 Edwinstowe Avenue, Colorado Springs, CO 80907
PK-52.3 mi
North Middle School
612 East Yampa Street, Colorado Springs, CO 80903
6-81.1 mi
Palmer High School
301 North Nevada Avenue, Colorado Springs, CO 80903
9-121.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 518 E Madison St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/31/2026
Price Reduced
$487,000
-3.94%
MLS
5/21/2026
Listed
$507,000
153.5%
MLS
1/10/2018
Sold
$200,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 518 E Madison St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$665
100%
$26,910
3%
2024
100%
$26,070
—
2023
-100%
$26,070
52%
2021
$1,011
8%
$17,130
3%
2022
$932
-8%
$16,650
14%
2021
$1,011
3%
$14,580
—
2019
$984
-20%
$14,580
-13%
2018
$1,235
6%
$16,830
—
2017
$1,170
28%
$16,830
7%
2016
$914
—
$15,760
—
2015
$910
2%
$15,760
6%
2014
$895
-2%
$14,870
—
2013
$910
—
$14,870
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by The Cutting Edge

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518 E Madison Street, Colorado Springs, CO 80907 (MLS# 4743467) is a Single Family property with 5 bedrooms and 2 full bathrooms. 518 E Madison Street is currently listed for $487,000 and was received on May 21, 2026. Want to learn more about 518 E Madison Street? Do you have questions about finding other Single Family real estate for sale in Colorado Springs? You can browse all Colorado Springs real estate or contact a Coldwell Banker agent to request more information.

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