411 Olive Street, Colorado Springs, CO 80904

Property Description

An exceptional opportunity for investors, house hackers, first-time buyers, or anyone looking for a home that can help offset the cost of ownership! Located in Colorado Springs' desirable Westside, this unique property is currently operating as a short-term and mid-term rental and is configured as two separate living spaces. The main level features 2 bedrooms, a full bathroom, comfortable living space, updated kitchen with stone countertops, laundry, and access to the covered deck and backyard. Downstairs, the fully finished walkout basement offers 2 additional bedrooms, a 3/4 bathroom, second kitchen, living room, laundry, and separate exterior access—creating excellent flexibility for guests, extended family, or continued rental use. For buyers looking to get into homeownership, the layout creates a compelling option to live in one portion of the home while renting the other to generate additional income and potentially offset monthly housing expenses. Investors can continue utilizing both spaces as income-producing rentals, offering multiple ways to make the property work for your goals. Just minutes from historic Old Colorado City and Downtown Colorado Springs, enjoy convenient access to restaurants, local shops, breweries, galleries, entertainment, and year-round events. Garden of the Gods, Red Rock Canyon Open Space, Manitou Springs, Colorado College, and abundant outdoor recreation are also within easy reach. Both units are currently being utilized as rentals, with stays commonly extending approximately one month at a time. A professional STR competitive analysis is available for buyers interested in exploring the property's income potential. The seller is also open to including furnishings depending on the offer. This Westside home offers a rare combination of versatility, location, and existing rental use.

Listing Status:

Active

Data Last Updated:

October 5, 2026 at 4:18AM

Listing Office:

Mont Haus International Realty : 970-292-1800

Listing Agent:

Noah Walz : (913) 300-1762

MLS ID:

2669587

Interior

• Appliances: DishwasherDryerMicrowave OvenRangeRefrigeratorWasher
• Laundry: CommonElectric Hook-up
• Basement: Full BasementWalk Out
• A/C: Ceiling Fan(s)
• Heating: Forced Air
• Fireplace: None

Construction

• Roofing: Composite Shingle

Location

• Originating MLS: Pikes Peak REALTOR® Services
• School District: Colorado Springs 11
• County: El Paso

Lot

• Zoning: 7412215009
• Fencing: All

Utilities

• Utilities: Cable AvailableElectricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas Connected
• Water: Municipal
• Sewer: Sewer

Financial

• Source: Pikes Peak REALTOR® Services