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138 Rainbow Place, 
Colorado Springs, CO 80906

$540,000


4

Beds


2

Baths


2,208

Sq Ft


Single Family


Virtual Tour

Active

Listed by

Jennifer Messick Abr Ahwd Green Gri Mrp Sres

Galvan And Gardner Real Estate Group, Inc.

Last updated:

May 15, 2026, 02:16 PM

MLS#

5625240

Source:

CO PPAR

About This Home

138 Rainbow Place

Charming ranch home sitting on over a quarter acre lot, lovingly owned by the same family more than 45 yrs. That kind of long term ownership shows in all the right ways. This is a well cared for home that has been maintained with pride over time. Located on a quiet, low traffic loop street just minutes from The Broadmoor Hotel & outdoor escapes including Stratton Open Space & North Cheyenne Canon Park offering both convenience and access to nature. Original hardwood floors are in excellent condition & add warmth, character, and a sense of history you simply cannot replicate today. The living room is bright & inviting with a large picture window that fills the space with natural light. The floor plan flows naturally into the kitchen which features an eat in counter, generous cabinet space & newer appliances. The main level offers main level living with a primary bedroom, two additional bedrooms & full bathroom. Exterior curb appeal stands out with front landscaping, classic brick exterior & decorative shutters that give the home a timeless feel. A covered front porch with a white picket walkway creates a welcoming entry. The two car garage is a rare feature in the neighborhood. The huge backyard is spacious & private with mature lilac trees and plenty of room for gardening, pets, play, or simply enjoying the outdoor space. The basement is more than 80% finished and offers additional endless potential. It includes a fourth non conforming bedroom, family room, spacious laundry/utility area, multiple storage rooms & a full bathroom with a brand new vanity. This space could easily function as a secondary living area or extended living suite. Just waiting for your vision. Homes in this area rarely come to market. This property stands out for its lot size, condition, layout & long term ownership history, all in one of Colorado Springs’ most established & desirable areas. A solid, well loved home in a quiet residential enclave. YOUR POT OF GOLD AT THE END OF THE RAINBOW!

Home Facts

Single Family

2 Baths

4 Bedrooms

Built in 1955

Price Summary

540,000

$244 per Sq. Ft.

MLS #:

5625240

Last Updated:

May 15, 2026, 02:16 PM

Added:

18 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

2,208 Sq. Ft.


Structure

Structure

Architectural Style:

Ranch

Building Area:

2,208 Sq. Ft.

Year Built:

1955


Lot

Lot Size (Sq. Ft):

12,601


Finances & Disclosures

Finances

Price:

$540,000

Price per Sq. Ft:

$244 per Sq. Ft.

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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.