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2429 W Platte Ave, Colorado Springs, CO, 80904

4beds
2baths
1,768sqft
$610,000
$345price/sqft
$3,801/moest. monthly cost
$152,040/yrincome needed

About This Home

AWESOME Rental Property!! Charming duplex in Old Colo City, two blocks from Colorado Ave with so many restaurants and shops to enjoy. Walk down the hill and have dinner while enjoying the sunset. This is a great opportunity to live in one unit and rent out the other or rent both units as investment property. Entire property has recently been updated with all new kitchens, baths, windows, appliances, flooring, light fixtures, drywall, paint inside and out, etc etc.... Upstairs unit features tall ceilings as you enter into a great room with dining area and kitchen, a living area, two bedrooms, bath, laundry room, back deck and lovely front porch. It is open and spacious. A cheerful home. Downstairs unit enters from the side of home. This also consists of living, kitchen, two bedrooms, full bath and large laundry/storage room. Both units are light and bright with plenty of large windows. The location is peaceful as Platte Ave is a dead end at 25th St. so very little traffic. This home was moved to the lot in 1979 therefore the foundation is poured concrete and newer given the age of the home. No need to worry about an old stone foundation as many of the homes have in Old Co City. There are two large flagstone patios in backyard and new landscape in front eliminating the need for water. There is plenty of off street parking for 4 vehicles off the alley. Upstairs unit is currently rented. Lower level is occupied for 3 month furnished finder tenant. Fantastic rental history.

Getting Around

87
WalkingVery Walkable
32
TransitSome Transit
56
BikeBikeable

Schools

6/10
West Elementary SchoolGrades PK-50.6 mi
5/10
West Middle SchoolGrades 6-80.5 mi
4/10
Coronado High SchoolGrades 9-121.6 mi

Construction

Condition

  • Property condition: Existing
  • Year built: 1905

Materials

  • Foundation: Garden Level,Slab,Walk Out
  • Roof: Composite Shingle
  • Construction materials: Cedar,Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Appliances

  • Appliances included: 220v in Kitchen,Dishwasher,Disposal,Dryer,Exhaust Fan,Microwave,Oven,Range,Refrigerator,Self Cleaning Oven,Washer
  • Laundry features: Electric Hook-up

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2

Features

  • Fireplace features: None

Heating & Cooling

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

Interior Area

  • Total structure area: 1,768
  • Total interior livable area: 1,768 sqft

Property

Details

  • Parcel number: 7411219014

Features

  • Fencing: None

Lot

  • Lot size: 3,959 sqft

Parking

  • Total spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Inland Flooding
Winter Weather
Hail
Lightning

FEMA Declared Disasters Across Colorado Counties

Flood
Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,084$37,008
Home Insurance *$303$3,636
Property Taxes $228$2,736
Electricity $186$2,232
Total$3,801$45,612
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$130,320/yr
40% on housing$114,030/yr
45% on housing$101,360/yr

Colorado FAIR Plan Programs

Colorado FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.0%
15.0%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 2.5%
2.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$345This listing

vs Other Active Listings

Avg $/sqft

ZIP 80904$183
El Paso County$182

vs Homes Sold Last Month

Median $/sqft

ZIP 80904
El Paso County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-30Listed for sale$610,000
2022-12-05Listing removed--
2022-11-27Listed for rent$1,750
2021-07-12Sold$370,000
2021-03-16Listing removed--
2016-01-13Listing removed$900
2015-12-26Listed for rent$900
2015-06-09Listing removed$900
2015-05-29Listed for rent$900

For Sale by Agent

AgentTerri Lux
BrokerageSoLux Properties

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