Incredible investment opportunity featuring long-term tenants in both units since the extensive renovations were completed in 2024. Both the main house and cottage were fully remodeled with updated flooring, fresh paint, modernized bathrooms, and numerous additional improvements. Long-term leases are currently in place, generating $2,705 per month and over $32,000 annually in rental income. Opportunities to acquire a house-and-cottage property in Colorado at this price point are increasingly rare. The property offers stable cash flow from established tenants, making it an excellent addition to an investor's portfolio. Landlord currently pays water, while tenants are responsible for their remaining utilities.
Grove, located between Downtown Pueblo and the Arkansas River corridor, is a historic and residential Pueblo neighborhood with tree-lined blocks and a walkable grid. The neighborhood’s character concentrates around Union Avenue near the Historic Arkansas Riverwalk, where patios, galleries, and small music rooms set an after-hours hum. Community pillars include the Sangre de Cristo Arts & Conference Center, the Historic Arkansas Riverwalk of Pueblo, and the Pueblo Union Depot. Early-20th-century brick cottages and modest bungalows mix with converted storefronts and pocket parks. River paths and bridges shape daily routes, linking coffee stops to cultural venues. Streets stay calm, while nearby event spaces keep the calendar active.
Provided by Walk Score and Local Logic
Offer insights
207 Spring St · $224,900
$225K and above
75% chance or better to win
Why $225K+ is a strong offer
DAYS ON MARKET
116 days
The average home goes pending in 131 days.
SALE-TO-LIST
97.2%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Range
Partial, unfinished basement
Smoke detector(s)
Bedrooms
Two-bedroom unit(s)
One-bedroom unit(s)
Bathrooms
2 full bathrooms (total)
Kitchen
Range
Laundry & utility
In-unit laundry available
Washer hookup
Heating & cooling
Baseboard heating
Electric heating
Exterior features
48 x 140 lot dimensions
Lot approximately 0.15 acres
R-4 zoning
Home design
Duplex (residential income)
Security
Smoke detector(s)
Construction
Frame and stucco construction
Composition roof
Utilities
Public water
Public sewer
HOA & community
No association amenities
Financial info
Unit rent example: 2-bedroom unit listed at $1,575
Unit rent example: 1-bedroom unit listed at $1,130
Electricity and solar
View estimated energy costs and solar savings for this home
The standards of this district (R-4) are designed to retain and provide areas with commingling of single-family dwelling units and limited multifamily dwelling unit structures.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Housing-Other
Museum / gallery
Housing-Mobile home park
Climate risks
6/10 Flood Factor
Estimated 22-32% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
8 days above 96° expected this year, 22 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Pueblo, CO • 81003
Average low and high temperatures (°F)
44
19
55
26
68
38
70
42
75
50
89
61
94
65
91
62
83
54
76
45
57
31
56
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
80/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.2 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 207 Spring St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $175,000 and $299,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $175K to $299K.