405 Walnut Street

Charming 1919 bungalow in a prime downtown Colorado Springs location with income-producing potential! Just five minutes from Old Colorado City and conveniently situated near I-25 (north/south) and Highway 24 (east/west), this beautifully remodeled home offers modern updates while preserving its original character. Recent improvements include fresh interior and exterior paint, a brand-new roof and gutters, upgraded electrical with new panels and buried service lines, and a spacious, light-filled layout.
The sunny kitchen boasts generous work surfaces—ideal for cooking, hosting, or meal prep. Step outside to a wrap-around deck with a gas grill and hot tub, surrounded by lush landscaping, flower beds, herb gardens, a privacy fence, and a soothing water feature—perfect for relaxing or entertaining. As a unique bonus, the property also includes a charming outbuilding currently used as a chicken coop, offering the opportunity to collect fresh eggs and naturally fertilize the garden—a delightful touch for sustainable living enthusiasts or urban homesteaders. The basement in this main home provides ample storage and additional flexibility.
A 2023-built, heated and air-conditioned 2-car detached garage with a small workshop adds tremendous value, paired with a fully equipped 20 x 24 bonus living quarters above. This detached retreat offers a private entrance, full kitchen, a spacious full bath, cozy dining area, dedicated parking, and its own fenced outdoor space—ideal for guests, extended family, or income potential. The Seller is open to leaving certain pieces of furniture—contact us to learn more. Enjoy stunning mountain views year-round and sparkling city views in the winter.
Ideal for multigenerational living or long-term rental income. All just minutes from downtown amenities, shops, and restaurants. A rare find that combines charm, modern comfort, and investment upside!