1304 E Pikes Peak Ave, Colorado Springs, CO 80909

Property Description

Rare turnkey duplex on a 13,300 sq ft corner lot directly across from Memorial Park — one of Colorado Springs' most iconic and high-demand rental locations. This income-producing property features two 2-bed, 1-bath units, each with its own 1-car detached garage, offering immediate cash flow with one side leased and the vacant side ready to lease or owner-occupy. The vacant unit features LVP flooring throughout, an updated kitchen with dishwasher, a great front patio overlooking the park, and stunning Pikes Peak and Front Range views. This duplex has been extensively updated, saving the next owner significant repairs. Recent improvements include a newly installed concrete backyard to prevent water drainage issues, buried electrical lines, new garage doors and openers on both units, new water lines throughout, a newer sewer line, single-pane windows replaced with double-pane, a newer roof and gutters, new LVP flooring on one side in 2026, a new fridge and furnace in unit 1308, and a new fence on the east side. The corner lot offers privacy and great curb appeal. Located directly across from Memorial Park, residents enjoy front-row views of the Labor Day Lift Off, concerts, trails, and community events — a proven rental demand driver. Walking distance to downtown, Colorado College, coffee shops, and restaurants, with easy access to I-25 and Hwy 24. Ideal for portfolio builders, or value-add investors seeking turnkey income with major improvements already handled. Duplexes in this location rarely hit the market — schedule your showing today!