1344 N Arcadia St, Colorado Springs, CO 80903

$520,000
5
BD
3
BA
2,020
SqFt

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Sold Price
$520,000
List Price
$535,000
Closing Date
Aug 07, 2026
Type
Multifamily
Property Sub Type
Duplex
Status
CLOSED
MLS Number
5768968
Bedrooms
5
Bathrooms
3
Sqft Total
2,020
Year Built
1980

Property Description

Close to Patty Jewett. A Smarter Investment. Opportunity is knocking in the highly desirable Patty Jewett neighborhood. This Zoned R-2 duplex offers immediate income potential with an established tenant in the lower unit who would like to remain, providing rental income from day one. The property consists of two units. The upper unit features 3 bedrooms, 2 baths, LVP flooring, fresh paint throughout, new lighting, a wood-burning fireplace, and a composite deck with wrought iron railing offering views. The lower unit includes a spacious living room, kitchenette, 2 bedrooms, and 1 full bath. The oversized detached one-car garage with storage and an enclosed workshop is accessed from the alley and offers additional income potential. Amenities include shared laundry facilities, and ample street parking. Mature trees and established surroundings enhance the property's appeal for both tenants and owner-occupants. Patty Jewett continues to be one of Colorado Springs' most desirable neighborhoods, known for its walkability, character, and proximity to downtown, the Old North End, local dining, parks, major employment centers, I-25, and the Powers Corridor. The combination of location, tenant demand, and future flexibility creates an attractive opportunity for investors seeking both immediate cash flow and long-term appreciation.

Additional Information

Lot Size Acres
0.16
Lot Size Sq Ft
7,002
Tax Amount
$1,930
Water Source
Public
Sewer
Public Sewer
Basement Type
Finished, Partial, Walkout
Heating
Forced Air
Cooling
Other
School District
Colorado Springs 11
Elementary School
Taylor
Middle Or Junior School
North
High School
Palmer

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Courtesy of LIV Sotheby's International Realty . laurenstadjuhar@gmail.com,719-761-0702

Selling Office: NON MLS PARTICIPANT.