$550,000

117 S Limit St Colorado Springs, CO 80905

$6,531
Closing credit¹
5 beds
2 baths
0.1 acres
Multi-Family

Property details

About 117 S Limit St

Rare duplex investment opportunity with commercial flexibility! Located at 117 and 125 S Limit Street, this unique property features two separate single-family homes situated on an oversized, high-visibility lot zoned C-5, offering incredible potential for investors, owner-occupants, or small business owners. The C-5 zoning allows for mixed-use, live/work setups, retail, office space, or traditional rental income. Each home has its own private entrance, laundry area, partial basement, and updated mechanicals including newer furnaces, water heaters, and roofs. Unit 117 is a true 2-bedroom, 1-bath layout, while Unit 125 offers 3 non-conforming bedrooms used as sleeping areas, along with 1 bath. Both units include gas hookups and 220V connections, adding extra flexibility. The property also includes a detached 1-car garage, partial fencing, and ample off-street parking—ideal for tenant convenience or customer access. Located just minutes from downtown Colorado Springs and within walking distance to restaurants, shops, and nightlife, this property is positioned in a high-traffic area perfect for maximizing visibility and income potential. Don’t miss this one-of-a-kind opportunity to own two homes on a commercially zoned lot in a central location with endless possibilities.

Highlights

Home typeDuplex
HeatingForced Air, Natural Gas
StatusActive
BasementYes
Lot size0.1499 Acres
Year built1889
MLS #1576023

Summary

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Refrigerator, Washer
  • Basement: Yes
  • Fireplace: None
  • Total Bedroom Count: 5
  • Heating: Forced Air, Natural Gas
  • Cooling: None
  • List Price: $550,000
  • Annual Tax Amount: $911
  • Tax Year: 2023
  • Year Built: 1889
  • Lot Size: 0.1499 Acres
  • MLS Number: 1576023
  • Office Name: Real Broker, LLC DBA Real
  • Office Phone: (720) 807-2890
  • Listing Agent: Tiffany Canady MRP

IDX The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.

Copyright © 2025 Pikes Peak Association of REALTORS® and PIKES PEAK REALTOR® Services Corp. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/22/2025, 6:20:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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117 S Limit St, Colorado Springs, CO 80905 - back of house with roof with shingles and a chimney

$550,000

117 S Limit St

$6,531

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2023$22,770$911
2022$15,260$853
2021$15,700$926
2020$13,650$926
2019$13,650$802
2018$10,940$760
2017$10,940$617

History based on county public records data.

Nearby schools

5

Bristol Elementary School

Public District PK-5

0.9 mi

890 N Walnut St

3

Midland Elementary School

Public District PK-5

1.3 mi

2110 Broadway Ave

3

Columbia Elementary School

Public District PK-5

1.8 mi

835 E Saint Vrain St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $33,090. The most common annual income of people living in Colorado Springs, CO is less than $<35k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

How much money do the neighbors make?

53%
<35k
32%
35k-100k
13%
100k-200k
2%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

61%
Single, No Kids
12%
Single, with Kids
18%
Married, No Kids
9%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

13%
<11 yrs old
5%
12-17 yrs old
25%
18-34 yrs old
47%
35-64 yrs old
10%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • TennisTennis
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

  • IKEAIKEA
  • Crate & BarrelCrate & Barrel
  • Banana RepublicBanana Republic

Where do the neighbors go to eat?

  • QuiznosQuiznos
  • StarbucksStarbucks
  • Jack In The BoxJack In The Box

What do the neighbors drive?

  • LexusLexus
  • BMWBMW
  • ToyotaToyota

What do the neighbors listen to?

  • Soft Adult ContemporarySoft Adult Contemporary
  • NewsNews
  • JazzJazz
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 117 S Limit St in Colorado Springs, CO and zip code 80905 in the Old Colorado City neighborhood. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 22, 2025 and is currently priced at $550,000.

While more than 79 listings in Colorado Springs, CO in April 2025 were sold above asking price, there were more than 71 listings sold at asking price, and more than 113 were sold below. The number of homes for sale in Colorado Springs, CO increased by 46.1% between March and April 2025. Listings spent 48 days on the market in April 2025, and had a median list price of $478,588 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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