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1321 Wood Avenue, 
Colorado Springs, CO 80903

$1,600,000


Bed


Bath


-

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Daniel Pitrone

Keller Williams Premier Realty

Last updated:

January 6, 2026, 09:40 PM

MLS#

3306167

Source:

CO PPAR

About This Home

1321 Wood Avenue

A rare opportunity awaits the discerning investor: acquire a stately, high-cash-flow asset in the heart of downtown Colorado Springs. Located on the coveted Millionaire’s Row in the historic Old North End, this magnificent property stands as a testament to turn-of-the-century elegance while delivering robust, modern-day returns. This is the turn-key investment you've been seeking. This grand asset comprises a majestic Main House hosting seven units and a separate Carriage House providing three additional units, resulting in an impressive 10 unit property. With approximately 13,663 sq ft. of rentable space on a sprawling half-acre lot and dedicated parking, the property minimizes vacancy risk and maximizes tenant appeal in a high-demand market. Recent exterior painting on both structures provides strong curb appeal, and while units vary in condition, they offer a clear value-add path for strategic upgrades over time to capture the full market premium. Location drives value, and this address delivers: the property is situated just two blocks north of Colorado College (CC) and tenants benefit from a truly walkable lifestyle, with easy access to the Pikes Peak Greenway Trail and the expansive Monument Valley Park, as well as quick access to downtown Colorado Springs’ vibrant restaurant and bar scene and a quarter-mile from I25 for effortless commuting. This property is not just a building; it is a piece of Colorado Springs history and a reliable income engine. Don't miss the opportunity to own a legacy property with superior cash flow in one of Colorado Springs' most desirable neighborhoods. Contact me today to schedule a private, discreet showing!

Home Facts

Multi-Family

Built in 1919

Price Summary

1,600,000

MLS #:

3306167

Last Updated:

January 6, 2026, 09:40 PM


Structure

Structure

Year Built:

1919


Lot

Lot Size (Sq. Ft):

22,799


Finances & Disclosures

Finances

Price:

$1,600,000

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.