#9088372, Nic Polaski, Listing Office: Cushman & Wakefield
117 S Limit St Colorado Springs, CO 80905
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
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
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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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$550,000
117 S Limit St
$6,531
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
Year | Assessment | Property 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.
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.
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.