2416 W Vermijo Ave, Colorado Springs, CO, 80904
About This Home
A fantastic Old Colorado City real estate investment opportunity has just become available for the first time in almost 25 years. With Pikes Peak looming over it, this 6 unit property consists of two single story buildings each with 3 separate one bedroom, one bathroom units that will provide a steady income stream. Each unit has its own private fenced in yard. It is situated in an extremely desirable up and coming, vibrant area, making it an attractive option for potential tenants. The location is exceptionally convenient, within walking distance of Colorado Ave with its many blocks of local amenities, including transportation, schools, shopping, restaurants, parks and more. A fantastic Old Colorado City real estate investment opportunity has just become available for the first time in almost 25 years. With Pikes Peak looming over it, this 6 unit property consists of two single story buildings each with 3 separate one bedroom, one bathroom units that will provide a steady income stream. Each unit has its own private fenced in yard. It is situated in an extremely desirable up and coming, vibrant area, making it an attractive option for potential tenants. The location is exceptionally convenient, within walking distance of Colorado Ave with its many blocks of local amenities, including transportation, schools, shopping, restaurants, parks and more.
Getting Around
Walker's Paradise
Some Transit
Very BikeableSchools
Construction
Condition
- Property condition: Existing
- Year built: 1952
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Laundry features: Common Area
Heating & Cooling
- Heating features: Forced Air,Natural Gas,See Prop Desc Remarks
- Cooling features: Ceiling Fan(s),See Prop Desc Remarks
Property
Details
- Parcel number: 7411303016
Lot
- Lot size: 10,798 sqft
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
- Winter Weather
- Hail
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Colorado Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,545 | $54,540 |
| Home Insurance * | $303 | $3,636 |
| Property Taxes | $337 | $4,044 |
| Electricity | $186 | $2,232 |
| Total | $5,371 | $64,452 |
Income You'd Need if You Spent...
Colorado FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
No market data available for this area
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-10-28 | Price change | $899,000 |
| 2025-10-06 | Price change | $950,000 |
| 2025-09-20 | Price change | $999,000 |
| 2025-08-15 | Price change | $1,099,000 |
| 2025-08-07 | Price change | $1,200,000 |
| 2025-07-02 | Price change | $1,349,000 |
| 2025-06-13 | Price change | $1,399,000 |
| 2025-05-15 | Listed for sale | $1,599,000 |
| 2021-08-03 | Listing removed | -- |
| 2021-07-08 | Price change | $979,000 |
| 2021-06-26 | Price change | $989,000 |
| 2021-05-19 | Price change | $999,900 |
| 2021-05-08 | Price change | $1,050,000 |
| 2021-04-27 | Price change | $1,075,000 |
| 2021-02-26 | Price change | $1,100,000 |
| 2021-02-04 | Price change | $1,125,000 |
| 2021-01-15 | Price change | $1,149,000 |
| 2020-12-19 | Listed for sale | $1,200,000 |
| 2002-03-14 | Sold | $204,000 |
| 1996-10-23 | Sold | $149,950 |
| 1995-11-01 | Sold | $112,500 |
For Sale by Agent
View on Zillow