Located on a corner lot in downtown Colorado Springs' beautiful Hillside community, this shovel ready, urban infill apartment complex offers 10 luxury, Class A units, with amazing mountain views and immediate proximity to downtown amenities. Take advantage of this property's Opportunity Zone tax benefits, which means you pay zero capital gains taxes on the sale after building and owning the apartments for ten years. This project is ready for builder permits, with all drawings and site variances approved and stamped by the city and tap fees already paid. As Hillside's future anchor point for urban living, all units will feature 9' interior ceilings, 8 tuck-under covered parking spots, 8 storage units, 8 bike storage units, a dedicated dog wash, and electric vehicle charging stations. Investment opportunities like this rarely make it to the open market. Make this one yours today!
Lot/land
Price cut: $89.9K (5/7)
$535,000
703 E Costilla St, Colorado Springs, CO 80903
--beds
--baths
9,500.44Square Feet
Land
Built in ----
9,500.44 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Amazing mountain viewsElectric vehicle charging stationsCorner lotTuck-under covered parking spotsDedicated dog washStorage unitsBike storage units
- 142 days
- on Zillow |
- 55 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: May 07, 2025 at 03:29am
Listed by:
Kyle Tzitzicas 719-310-3651,
RE/MAX Real Estate Group LLC,
Kelly Jenks 719-377-7280
Source: Pikes Peak MLS,MLS#: 7590974

Travel times
Facts & features
Property
Features
- Has view: Yes
- View description: City, Mountain(s), View of Pikes Peak
Lot
- Size: 9,500.44 Square Feet
- Features: Corner Lot, Level, See Remarks, Near Fire Station, Near Hospital, Near Park, Near Public Transit, Near Schools, Near Shopping Center
Details
- Parcel number: 6417312013
Utilities & green energy
- Water: See Remarks
Community & HOA
Location
- Region: Colorado Springs
Financial & listing details
- Tax assessed value: $204,250
- Annual tax amount: $3,155
- Date on market: 3/13/2025
- Listing terms: Cash,See Show/Agent Remarks
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