This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/35
$435,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/35
Property Description
Turnkey duplex in a prime downtown Colorado Springs location with strong rental history. This fully occupied, income-producing property offers an excellent opportunity for both investors and owner-occupants. Each unit features 3 bedrooms and 2 bathrooms with functional layouts and comfortable living spaces. Well-maintained throughout, each unit includes a gas fireplace, vinyl windows, and durable, low-maintenance finishes that appeal to long-term tenants. Mechanical updates include a furnace and water heater installed in 2020, and the exterior and decks were painted in 2024.The property offers a spacious front yard, alley access with off-street parking, and a rear yard storage shed for additional utility. Its central location provides convenient access to downtown Colorado Springs, Prospect Lake, I-25, shopping, dining, and entertainment.Both tenants are currently on month-to-month leases, offering flexibility for an owner-occupant or an investor looking to adjust rents and maximize future income potential. A well-positioned asset with consistent rental demand and long-term upside in a growing market.
Full Property Details
Full Property Details for 735 E Vermijo Ave
General
- Price: $435,000
- Taxes: $1,565 (2025)
- Status: Active
- Type: Duplex
- Source: PikesPeak
- MLS ID: 5614138
- Updated: 3/20/2026
- Added to Site: 14 day(s) ago
Interior
- Fireplace(s): Gas, Two, See Remarks, Gas, Two, See Remarks
- Appliances: Dishwasher, Disposal, Kitchen Vent Fan, Range, Refrigerator
Rooms
Other Rooms
- Laundry: Electric Hook-up
Parking
- Total Spaces: 6
Location
- County: El Paso
- Subdivision: Werner
School Information
- School District: Colorado Springs 11
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air, Natural Gas
Utilities
- Water: Municipal
- Utility Description: Cable Available, Electricity Connected, Natural Gas Connected
Structural Information
- Structure Type: UBC/IBC/IRC Standard Modular, Frame, See Remarks
- Exterior Const.: Masonite Type, See Remarks
- Roof: Composite Shingle
- Disability Access: See Remarks
- Year Built: 1998
Lot Features
- Lot Size (Acres): 0.2183
- Lot Size (Sq. Ft.): 9,511
- Fencing (Description): See Remarks
Financial Considerations
- Tax Amount: $1,565.62
- Tax Year: 2025
Listed by Progressive Property Group LLC
Get Pre-Approved Today
Schools
Schools serving 735 E Vermijo Ave
School District:Colorado Springs School District 11
| Name | Grades | Distance |
|---|---|---|
Hunt Elementary School 2101 Manitoba Drive, Colorado Springs, CO 80910 | PK-5 | 1.3 mi |
North Middle School 612 East Yampa Street, Colorado Springs, CO 80903 | 6-8 | 1.3 mi |
Palmer High School 301 North Nevada Avenue, Colorado Springs, CO 80903 | 9-12 | 0.8 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 735 E Vermijo Ave
Date
Details
Price
Change
Source
3/20/2026
Listed
$435,000
47.46%
MLS
12/29/2016
Sold
$295,000
—
Public Record
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
Tax History for 735 E Vermijo Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,532
100%
$31,630
-1%
2024
100%
$32,000
—
2023
100%
$32,000
44%
2022
-100%
$22,200
-5%
2021
$1,378
—
$23,350
14%
2021
$1,378
—
$20,440
—
2019
$1,380
5%
$20,440
14%
2018
$1,316
6%
$17,930
—
2017
$1,246
22%
$17,930
2%
2016
$1,021
—
$17,620
—
2015
$1,018
4%
$17,620
8%
2014
$981
-2%
$16,310
—
2013
$998
—
$16,310
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 735 E Vermijo Ave
735 E Vermijo Avenue, Colorado Springs, CO 80903 (MLS# 5614138) is a Duplex property with 0 bedrooms and 0 full bathrooms. 735 E Vermijo Avenue is currently listed for $435,000 and was received on March 20, 2026. Want to learn more about 735 E Vermijo Avenue? Do you have questions about finding other Duplex 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.

