3 E Ramona Avenue, Colorado Springs, CO 80905

$599,000
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Active
BEDS0 BATHS0.0 MLS#5961283
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONIvywild

Property Description

Rare opportunity in the heart of Colorado Springs’ sought-after Ivywild neighborhood—this mixed-use property offers immediate income with long-term upside. Positioned in a highly walkable, high-demand area near Ivywild School, this unique property features a commercial space on the main level and a private residential unit above, creating the perfect setup for investors or future owner-users. The property is currently tenant-occupied through 2027, providing stable, consistent income from day one—ideal for buyers looking to secure a performing asset in a prime location. The lower level is well-suited for a variety of professional or boutique uses including office, wellness, design, or service-based businesses. Upstairs, the residential space offers flexibility for future use as a personal residence, executive rental, or potential short-term rental (subject to local regulations). Additional highlights include:    •   Prime central location with strong visibility and accessibility    •   Flexible mixed-use potential for future growth    •   Highly desirable live/work configuration    •   Close proximity to dining, shopping, and downtown Colorado Springs Whether you’re looking to expand your portfolio or secure a future live/work space, this property delivers location, income, and versatility in one of the city’s most vibrant neighborhoods. The upper-level apartment has its own private entrance and includes a comfortable living room, dining nook, kitchen, bathroom, bedroom, and a dedicated laundry room. Abundant natural light pours through the large windows, highlighting the wood floors, charming built-ins, and sliding barn door leading into the bedroom. Recent kitchen and bathroom updates enhance the appeal of this character-filled residence.

3 E Ramona Avenue | MLS# 5961283

This multi-family property located at 3 E Ramona Avenue, Colorado Springs, CO 80905 is currently listed for sale with an asking price of $599,000. Search Colorado Springs real estate on aapplegate.thecuttingedgerealtors.com today.

Property Features

Property Type: Multi Unit - Multiple
Home Style: Mix Use
Lot Size: 0.18 Acres
Roof Type: Composite Shingle
Taxes: $4,439
Year Built: 1910

Feature Descriptions

Appliances: Dishwasher, Microwave Oven, Oven, Refrigerator
Basement/Foundation: Full Basement
Days on Site: 38
Existing Utilities: Electricity Connected, Natural Gas Connected
Exterior: Wood
Laundry Facilities: Electric Hook-up
Units: 1
Water: Municipal

Listed By / Shown By

Listed By

Agency Name: Shevock Real Estate LLC
Agency Phone: 719-425-5654

Shown By

Agent Name: Alexandra (Ali) Applegate
Agent Phone: (719) 310-0416
Agency Title: The Cutting Edge, Realtors

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Estimated Payment

$ 3,495.14 per month $2,950.52 Principal & Interest $369.92 Property Tax $174.71 Homeowner's Insurance

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Contact Laura Hemsworth & Lisa Ramsey Today! Phone: (719) 505-5561 Email: Laura@LoansWithMilestone.com

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