$9,607 Closing Credit¹
#5567151, Brent Demos, Listing office: Demos Real Estate and Investments
$460,000 List price
735 E Vermijo Ave Colorado Springs, CO 80903
$5,463
Closing credit¹
6 beds
4 baths
0.2 acres
Multi-Family
Property details
About 735 E Vermijo Ave
Turnkey Duplex in Prime Downtown Location with Strong Rental History. This Fully Occupied, Income-Generating duplex offers an exceptional opportunity for investors seeking a solid return. Located in a highly desirable area just east of sprawling Downtown Colorado Springs, this well-maintained property boasts long-term tenants with a proven rental history. Each unit features 3 bedrooms, 2 baths, and comes with appealing amenities such as gas fireplaces, vinyl windows, and low-maintenance flooring. At 1,044 sq. ft. per unit, they provide comfortable living spaces, highly attractive to tenants. Recent upgrades, including a new furnace and water heater (2020) in Unit 735 and freshly painted exterior and decks (2024), mean lower maintenance costs for years to come. With a large parking lot accommodating up to 6 vehicles and a spacious front yard offering potential for additional income streams, this property is set up for both stable performance and future upside. Positioned just 5 minutes from Prospect Lake, 1 minute to Downtown, with easy access to I-25, and surrounded by entertainment, shopping, and dining options, this location appeals to a wide range of tenants—keeping vacancy rates low and demand high. If you're looking for a turnkey property with strong rental potential in a growing market, this duplex is must-see. Text Your Realtor Today!
Highlights
Home typeDuplex
HeatingForced Air, Other
StatusAccepting Backup Offers
(Active Under Contract)
(Active Under Contract)
CoolingNone, Other
Lot size0.2183 Acres
Year built1998
MLS #5125166
FireplaceGas, Two, See Remarks
Summary
- Appliances: Dishwasher, Disposal, Kitchen Vent Fan, Range, Refrigerator
- Basement: No
- Fireplace: Gas, Two, See Remarks
- Total Bedroom Count: 6
- Heating: Forced Air, Other
- Cooling: None, Other
- List Price: $460,000
- Annual Tax Amount: $1,387
- Tax Year: 2020
- Year Built: 1998
- Lot Size: 0.2183 Acres
- MLS Number: 5125166
- Office Name: Progressive Property Group LLC
- Office Phone: (719) 439-7647
- Listing Agent: Jeff Gaddis CNE
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: 6/18/2025, 12:45:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$460,000
735 E Vermijo Ave
$5,463
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 30, 2016 | Home Sold | $295,000 |
| Aug 30, 2012 | Home Sold | $115,000 |
| Apr 19, 2012 | Home Sold | $144,000 |
| Jan 17, 2007 | Home Sold | $222,500 |
| Aug 18, 1998 | Home Sold | $40,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $32,000 | $- |
| 2022 | $22,200 | $- |
| 2021 | $23,350 | $- |
| 2020 | $20,440 | $1,387 |
| 2019 | $20,440 | $1,315 |
| 2018 | $17,930 | $1,246 |
| 2017 | $17,930 | $1,021 |
History based on county public records data.
Nearby schools
3
Columbia Elementary School
Public District PK-5
0.8 mi
•835 E Saint Vrain St
3
Hunt Elementary School
Public District PK-5
1.4 mi
•2101 Manitoba Dr
5
Queen Palmer Elementary School
Public District PK-5
1.6 mi
•1921 E Yampa 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 $22,353. The most common annual income of people living in Colorado Springs, CO is less than $<35k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
67%
<35k
29%
35k-100k
0%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
56%
Single, No Kids
16%
Single, with Kids
14%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
6%
12-17 yrs old
30%
18-34 yrs old
38%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
Burlington
H&M
Banana Republic
Where do the neighbors go to eat?
White Castle
Popeyes
Boston Market
What do the neighbors drive?
Kia
Nissan
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 735 E Vermijo Ave
The listing price of 735 E Vermijo Ave property is $460,000.
The property 735 E Vermijo Ave is a multi located in Colorado Springs, Colorado, 80903.
Accepting Backup Offers: 735 E Vermijo Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 735 E Vermijo Ave are: Columbia Elementary School (GreatSchools Rating 3/10), Hunt Elementary School (GreatSchools Rating 3/10), Queen Palmer Elementary School (GreatSchools Rating 5/10), North Middle School (GreatSchools Rating 5/10), Mountain Vista Community School (GreatSchools Rating 6/10), Galileo School of Math and Science (GreatSchools Rating 2/10), Palmer High School (GreatSchools Rating 4/10), Eastlake High School of Colorado Springs (GreatSchools Rating 1/10), Community Preparatory Charter School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2020 is $1,387 (source: MLS/based on county public records data).
The last sale was on December 30, 2016 for $295,000 (source: MLS/tax record).
The year of construction for 735 E Vermijo Ave is 1998.
This home is located at 735 E Vermijo Ave in Colorado Springs, CO and zip code 80903 in the Central Colorado Springs neighborhood. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 20, 2025 and is currently priced at $460,000.
Over 76 listings were sold over their listed price in May 2025 in Colorado Springs, CO. In the same period over 122 listings were sold below the listed price and 72 listings were sold for the listed price. The number of homes for sale in Colorado Springs, CO increased by 42.2% between April and May 2025. The median list price of listings available in May 2025 was $480,000, while the average time on the real estate market was 40 days.
From Rocket Homes Real Estate and based on county public records data.