Rare investment opportunity—TWO homes on ONE commercially zoned lot just minutes from downtown Colorado Springs! This unique property includes both , two detached single-family homes situated on an oversized, high-visibility C-5 zoned lot. Ideal for investors, house hackers, or small business owners, this property offers incredible flexibility. The C-5 zoning allows for mixed-use, live/work, retail, office space, or traditional rental income. Each home features 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 and 1 bath. Both units are equipped with gas hookups and 220V connections, providing added versatility. A detached 1-car garage, off-street parking, and partial fencing add further value for tenant convenience or business access. Located in a high-traffic area within walking distance to restaurants, shops, and nightlife, this is an exceptional opportunity to own two homes on one centrally located lot with zoning that supports long-term income and growth potential. Don’t miss this chance to secure a mixed-use property with endless possibilities!
For sale
$550,000
117 S Limit St, Colorado Springs, CO 80905
2beds
788sqft
Est.:
Single Family Residence
Built in 1889
6,529.64 Square Feet Lot
$-- Zestimate®
$698/sqft
$-- HOA
What's special
Partial fencingPartial basementCommercially zoned lotTwo detached single-family homesPrivate entranceGas hookupsOff-street parking
- 61 days
- on Zillow |
- 133 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: August 02, 2025 at 11:57am
Listed by:
Tiffany Canady MRP 720-260-0789,
Real Broker, LLC DBA Real,
Brian Canady 719-433-1102
Source: Pikes Peak MLS,MLS#: 2868329

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- 3/4 bathrooms: 1
Primary bedroom
- Level: Main
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Dryer, Oven, Range, Refrigerator, Washer
- Laundry: Main Level
Features
- Flooring: Carpet, Tile
- Has basement: No
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 788
- Total interior livable area: 788 sqft
- Finished area above ground: 788
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Detached, Oversized
- Garage spaces: 1
Features
- Patio & porch: Covered, See Prop Desc Remarks
- Fencing: See Remarks
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 6,529.64 Square Feet
- Features: Level, Near Park, Near Schools, Near Shopping Center
Details
- Parcel number: 7413129012
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Wood Siding, Framed on Lot, Frame
- Foundation: Other
- Roof: Composite Shingle
Condition
- Existing Home
- New construction: No
- Year built: 1889
Utilities & green energy
- Water: Municipal
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Location
- Region: Colorado Springs
Financial & listing details
- Price per square foot: $698/sqft
- Tax assessed value: $339,848
- Annual tax amount: $1,021
- Date on market: 6/3/2025
- Listing terms: Cash,Conventional,FHA203K
- Electric utility on property: Yes
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