This home's estimate is 32.7% higher than the average sale price ($344K) of 6 comparable homes.
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740 E Rio Grande St, Colorado Springs, CO 80903
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About this home
Welcome home to a great property close to downtown, parks, schools and shopping. Live in one side and rent the other or turn this into your own cash cow as your next investment property. This newly remodeled duplex is ready to rent. Each unit has two bedrooms and one full bathroom. The bathrooms have been fully remodeled with new plumbing fixtures, tile surround, vanities and flooring. The kitchens also are new complete with new cabinetry, a stainless steel appliance package and quartz countertops. New interior and exterior paint, new LVP flooring and upgraded carpet. Each unit also has a new furnace and new or newer water heater. This is a turn key investment property ready for your tenants.
Redfin Estimate
Market trends in 80903, CO
Last updated September 2026
Buyer's Market
Seller's Market
Seller's market
- $935,0002 beds3 baths2,080 sq ft101 N Tejon St #350, Colorado Springs, CO 80903Brian Slivka • REMAX PROPERTIES
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Redfin agents who toured
- Charming interior finishes; yard requires attention.8 months ago• May not reflect the current state of the homeRedfin Premier agent
Sale and tax history for 740 E Rio Grande St
- Sale History
- Tax History
$344/sq ft
$364/sq ft
$377/sq ft
$219/sq ft
$8/sq ft
Public record
- Public record
- Zoning
- Permits
R-2
Two-Family District
The R-2 zone district accommodates detached single-family and two-family (duplex) residential uses on a single lot larger than 5,000 sq ft, or duplex structures on separate lots provided each lot is larger than 3,500 sq ft. Land uses are as indicated in Table 7.3.2-A: Base and NNA-O District Use Table.Include but are not limited to:
- Agriculture
- Community / recreation center
- Housing-Single unit
- Housing-Multiple units
- Infrastructure
- Communications tower
- Housing-Mobile home park
- Park & open space
Install a new electrical service.
Electrical
Relocate a utility meter.
Electrical
Electric meter
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
- Parking Information
- # of Parking Spaces: 6
Interior
- Virtual Tour
- Virtual Tour URL Unbranded: Virtual Tour (External Link)
- Interior Features
- Appliances: Dishwasher, Microwave Oven, Oven, Range Oven (Gas/Electricity), Refrigerator
- Laundry Facilites: Electric Hook-up
- Cooling: None
- Heating: Forced Air
- Room Information
- Unit Total Baths: 2
- Unit Total Beds: 4
Exterior
- Exterior Features
- Structure: Framed on Lot
- Siding: Alum/Vinyl/Steel
- Roof: Composite Shingle
- Lot Information
- Acres Total: 0.172
- Property Information
- Property Sub Type: Duplex
- Building Information
- Crawl Space
- Construction Status: Existing
Financial
- Tax Information
- Tax Amount: $1,042
- Tax Year: 2024
- Financing Information
- Terms: Cash, Conventional, FHA, VA
Utilities
- Utility Information
- Water: Municipal
- Electricity
Location
- Multi-Unit Information
- # of Units: 2
- School Information
- School District: 11-Colorado Springs
Public facts
- Beds: 3
- Baths: 2.0
- Sq. Ft.: 1,235
- Stories: 1.0
- Lot Size: 7,491 square feet
- Style: Other
- Year Built: 1952
- Year Renovated: —
- County: El Paso County
- APN: 6420204019
Around this home
Schools
Public PreK-5 • Assigned • 1.2mi
Public 6-8 • Assigned • 1.7mi
Public 9-12 • Assigned • 1.1mi
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
6 days above 90° expected this year, 17 days in 30 years
Minor risk of severe winds over next 30 years
0 unhealthy days expected this year, 0 days in 30 years
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Nearby similar homes
New listings for sale in 80903
Home values near 740 E Rio Grande St
| Address | Redfin Estimate |
|---|---|
1 Beds | 1 Baths | 943 Sq. Ft. | — |
1 Beds | 1 Baths | 649 Sq. Ft. | $251,310 |
| Address | Redfin Estimate |
|---|---|
- Beds | - Baths | - Sq. Ft. | $220,696 |
3 Beds | 1 Baths | 1163 Sq. Ft. | $319,217 |
| Address | Redfin Estimate |
|---|---|
1 Beds | 1 Baths | 649 Sq. Ft. | $253,391 |
1 Beds | 1 Baths | 690 Sq. Ft. | $270,029 |
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