Colorado Springs Homes under $700,000

Welcome to Colorado Springs, a vibrant city nestled at the foot of the majestic Rocky Mountains in El Paso County, Colorado. Known for its stunning natural beauty, this city offers a perfect blend of outdoor adventure and urban amenities, making it a highly desirable place to call home. With its breathtaking landscapes, including the iconic Pikes Peak and the serene Garden of the Gods, Colorado Springs is a haven for nature lovers and outdoor enthusiasts alike.

The neighborhood boasts a thriving community with a rich history, diverse culture, and a welcoming atmosphere. Residents enjoy a variety of recreational activities, from hiking and biking to rock climbing and leisurely strolls in picturesque parks. The city is also home to a vibrant arts scene, with galleries, theaters, and local festivals that celebrate the creative spirit of the community.

For those seeking affordable housing options, Colorado Springs offers a range of charming homes under $700,000. Whether you’re looking for a cozy bungalow, a spacious family home, or a modern townhouse, this city has something to suit every lifestyle and budget. Many of these properties feature beautiful views, updated amenities, and easy access to schools, shopping, and dining.

With its friendly neighborhoods, excellent schools, and a plethora of outdoor activities, Colorado Springs is not just a place to live; it’s a place to thrive. Discover your dream home in this enchanting city, where adventure and community come together in perfect harmony. Come explore all that Colorado Springs has to offer—your future awaits!

Newest Colorado Springs Homes under $700,000

$250,000

6701850 MLS

Unique opportunity in downtown Colorado Springs featuring three separate residences included in one sale, offering approximately 1,670 total square feet of living space. The individual homes are approximately 708 sq. ft., 512 sq. ft., and 450 sq. ft., providing flexibility for a variety of uses. With no immediate neighbor directly behind the property, the setting offers added separation while still being conveniently located near downtown shopping, dining, entertainment, and everyday amenities. Whether you're looking for an investment opportunity, multi-generational living, or the potential to occupy one residence while utilizing the others, this property offers multiple possibilities in a central Colorado Springs location.

1407 N Wahsatch Ave, Colorado Springs

$250,000

3 Beds ⋅ 3 Baths ⋅ 7590104 MLS

1407 N Wahsatch Ave, Colorado Springs

$385,000

3 Beds ⋅ 3 Baths ⋅ 6227084 MLS

Charming Downtown Townhome Across from Shooks Run Park! Welcome to this exceptional 2-bedroom, 1.5-bathroom end-unit townhome in Colorado Springs’ desirable Shooks Run neighborhood! Offering 1,405 total square feet across multiple levels, this home combines low-maintenance living with an unbeatable location just minutes from downtown. Step inside to a bright, open-concept main level featuring beautiful hardwood floors, a cozy fireplace, and plenty of natural light. The living area flows seamlessly into the dining space and kitchen, which includes a range, refrigerator, and dishwasher. A convenient half bath completes the main level. Upstairs, you’ll find two spacious bedrooms, a full bathroom, and a versatile loft with dramatic vaulted ceilings. Use the loft as a home office, reading area, creative space, or whatever best suits your lifestyle. The finished 313-square-foot basement provides even more flexible living space—perfect for a family room, media area, home gym, or hobby space. The unfinished utility area offers additional storage and includes the washer and dryer. Enjoy Colorado’s beautiful seasons from the private, fenced rear patio, ideal for morning coffee or weekend gatherings. Assigned parking is conveniently located just steps from the home, with additional street parking available for guests. The location is hard to beat! Directly across from Shooks Run Park and the Middle Shooks Run Trail, you’ll have easy access to outdoor recreation while remaining close to downtown Colorado Springs. Enjoy nearby dining, shopping, nightlife, Acacia Park, Memorial Park, and Colorado College. Adding to the appeal, there are no Metro District taxes, and the Franklin Square Townhomes HOA provides exterior maintenance, including roofing and gutters, along with grounds and landscaping care. Enjoy the convenience of a well-maintained community and true low-maintenance living in a prime location!

645 N Franklin St, Colorado Springs

$540,000

1503522 MLS

Prime Investment Opportunity in the Heart of Downtown Colorado Springs! Positioned just a block and a half off Nevada Avenue and within walking distance to Downtown Colorado Springs and Colorado College, this rare multi-family property places you directly in the path of the city’s continued growth and revitalization. The property features a well-maintained main residence configured into three separate income-producing units, complemented by a charming detached cottage at the rear; offering multiple streams of rental potential. Whether you're looking to maximize cash flow or secure a long-term hold in the ever-developing urban core of the city, this asset checks every box. Surrounded by vibrant dining, shopping, and cultural attractions, and with easy access to parks and open spaces, tenants will appreciate both the convenience and lifestyle this location provides. Opportunities like this—blending historic charm, multi-unit flexibility, and premier location... are increasingly rare in Downtown Colorado Springs. Whether you're a seasoned investor or entering the multi-family space, this is your chance to own a piece of the city’s evolving landscape. Don’t miss it.

326 E St Vrain St, Colorado Springs

$380,000

3 Beds ⋅ 1 Baths ⋅ 5219629 MLS

Discover the perfect blend of historic charm and modern updates in this beautifully maintained 3-bedroom cottage nestled in the heart of Downtown Colorado Springs. Rich in character and thoughtfully updated with a newer roof, exterior paint, windows, and all new landscaping. Ideally located within walking distance to Colorado College, vibrant downtown dining and shopping, neighborhood parks, and miles of walking and biking trails, the location offers an exceptional Colorado lifestyle. The home features an oversized primary bedroom and an arched subway tile shower. Whether you're looking for a primary residence, a second home, or an investment opportunity, this property stands out with its long-established history as a successful Airbnb, offering proven income potential. Inside, you'll find a warm, welcoming atmosphere filled with classic architectural details, comfortable living spaces, and modern enhancements that make everyday living easy. Don't miss this rare opportunity to own a piece of Colorado Springs history in one of the city's most desirable and walkable neighborhoods.

323 E Willamette Ave, Colorado Springs

$599,000

3 Beds ⋅ 2 Baths ⋅ 5244853 MLS

Welcome Home. Private, quiet, secluded home on 1 acre lot. Meticulously cared for. This property has a 3 bedroom, 2 bath home as well as a 1200 sqft detached heated garage/workshop that is 40x30 with a 9000lb capacity lift included. Also on the property is a finished detached office that is just over 150 square feet. Partially fenced already, so it would be very easy to complete one more stretch to have a fully fenced area for your furry friends. Main level living. And so many more things I could say, but to really appreciate this piece of property, you got to make the trip out to see it for your self. Schedule your private showing today.

7375 Maine Ln, Colorado Springs

$375,000

3 Beds ⋅ 2 Baths ⋅ 1677945 MLS

Located just minutes from the heart of downtown Colorado Springs, this 3-bedroom, 2-bath home offers a unique combination of character, flexibility, and value. Recent exterior improvements, including fresh paint and refreshed landscaping, further enhance the property's appeal. Inside, original hardwood floors, built-ins, and classic architectural details reflect the home's historic character, while thoughtful improvements provide modern comfort. The main kitchen features updated cabinetry and stainless steel appliances, and both bathrooms include more current finishes. A standout feature is the flexible layout, including a second kitchen and separate access to the upper level. Whether you're looking for space for multi-generational living, guests, a home office setup, or potential income-producing use, this home offers a variety of possibilities. Major system improvements have already been completed, including new air conditioning, furnace, and water heater, updated electrical panel, new PEX supply lines throughout, and a replaced sewer line to the city main—providing added confidence that many of the major components have already been addressed. Additional highlights include dedicated off-street parking, an enclosed front sunroom, a spacious backyard with concrete patio and fire-pit area, and a highly walkable location near the revitalized south end of downtown and the downtown core.

312 E Cimarron St, Colorado Springs

$449,900

3559371 MLS

Exceptional opportunity with immediate cash flow. This fully leased income property, featuring a 4 bed 2 bath main residence, and a detached 1 bed 1 bath cottage. Both units are occupied by long term tenants, providing stable and established rental income from day one. Extensively remodeled throughout, both residences have been thoughtfully updated with modern finishes refreshed interiors, updated kitchens, remodeled bathrooms, and contemporary flooring. Separate laundry facilities for each unit add convenience and tenant appeal, while the detached cottage offers privacy and additional income potential. The property blends classic character with modern improvements and features a fully fenced yard, mature landscaping, and ample outdoor space. Landlord currently pays water, gas, and electric. Conveniently located near downtown Colorado Springs, shopping, dining, parks, and major commuter routes, this turnkey investment presents a rare opportunity to acquire a renovated, income producing property with strong existing tenancy already in place.

111 W Fountain Blvd, Colorado Springs

$575,000

3 Beds ⋅ 2 Baths ⋅ 9439492 MLS

Located in the heart of downtown Colorado Springs, this charming 1910 home offers the perfect blend of historic character and modern functionality just blocks away from parks, restaurants, shopping, and entertainment. Featuring 3 bedrooms, 2 bathrooms, and over 1,900 square feet of living space, this home is filled with warmth and timeless appeal, including beautiful original hardwood floors and unique architectural details throughout. The spacious basement includes a versatile bonus room that would make an ideal home gym, office, hobby space, or additional living area. Outside, the recently finished backyard creates the perfect setting for entertaining, relaxing, or enjoying Colorado evenings with friends and family. The property is fully fenced in both the front and back, offering privacy and usability, and includes a highly sought-after detached two-car garage. The roof has been recently inspected and is in good condition, providing added peace of mind. Full of charm, character, and located in one of Colorado Springs’ most desirable downtown neighborhoods, this home is a rare opportunity to enjoy classic downtown living with modern convenience.

533 N Wahsatch Ave, Colorado Springs

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