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424 Redwood, Colorado Springs, CO
Amazing investment opportunity in a prime Colorado Springs location! This is a tenant-occupied property with the current lease in place through May 31, 2026. Ideally situated within walking distance to UCCS and just minutes from major hospitals, shopping, dining, and everyday conveniences, this home combines strong rental appeal with a functional, spacious layout. The main level features 3 bedrooms, 1 full bathroom, a cozy family room, and a well-appointed kitchen with easy access to the backyard through the attached garage. Downstairs, you'll find a large secondary living/entertainment area, 2 additional bedrooms, another full bathroom, and a laundry room, offering flexible space for tenants or future use. Enjoy newer central A/C, a fully fenced oversized backyard with low-maintenance turf, a covered patio, storage shed, and an additional concrete patio area on the side of the house. The property also includes a concrete driveway with parking for 3 vehicles plus an RV gate with backyard access. A rare chance to own a versatile, low-maintenance property in a highly desirable area!
Property Type
Single Family
Year Built
1964
Lot Size
6,969 sqft
Price / Sqft
$216
Days on Market
1 days
Subdivision
Countryside Estates
MLS #
REC2053473711
Listing Type
Residential
Market
METROLISTCO
Pending
Apr 16, 2026
District
Colorado Springs 11
Elementary
Edison
Middle
Mann
High School
Coronado
424 Redwood, Colorado Springs, CO 80107 — El Paso County
Julia Saenz
J Properties
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How this home compares across city, state, and national benchmarks
Listed at $440,000, this studio house in Colorado Springs is 5% above the Census median home value of $420,700 for Colorado Springs. Colorado's median home value is $374,038, putting this listing 18% above the state benchmark. The U.S. national median home value is $334,900.
Where this listing falls among 466 homes for sale
Standard
Colorado Springs has a population of 483,099 with a median household income of $83,198 and a homeownership rate of 61.3%. The median home value is $420,700 and the median rent is $1,562/mo.
Sources: U.S. Census Bureau ACS 2023, Fizbo listing data