Estimate anchored to list price of $350,000 and local market knowledge for small single-family homes near downtown Colorado Springs. No live comparable sales search available; range reflects condition, lot premium (large yard & shop), and 1,040 SF living area.
Updated 2-Bed Home with Shop & Big Yard Near Downtown
Tour-ready and thoughtfully updated, 2314 E Monument St is a compact single-story home that outdelivers its square footage with smart upgrades and rare outdoor utility. Inside, upgraded wood-laminate flooring flows through the main living areas into a generous living room anchored by a wood-burning fireplace/stove—an efficient and character-rich focal point that complements the built-in wall heater and additional wood-burning furnace tools the seller is leaving. The kitchen is practical and serviceable, with rich dark cabinetry, a breakfast bar for casual meals, and direct access to the main-level laundry area.
The property offers two comfortable bedrooms with upgraded ceiling fans (remote controls included) and a fully remodeled bathroom completed in April 2025 — new tub, new shower walls and fixtures — minimizing short-term renovation needs. Two window A/C units convey, keeping cooling simple and cost-effective. Practical conveniences include an insulated doggy door with locking cover and a perimeter network of security cameras (360° front camera included) that will remain with the house.
Outside is where this home truly stands apart: the large 5,625 sq ft lot hosts a covered back patio, privacy fencing, a mature oak tree, and a dedicated fire pit area—ideal for evening gatherings. A detached one-car garage sits alongside an oversized workshop and separate storage shed, offering valuable space for projects, hobbies, or secure gear storage—amenities uncommon at this price point so close to downtown. Driveway parking accommodates additional vehicles.
Location is a standout feature: you’re minutes from downtown Colorado Springs, with easy access to I‑25, local parks, and everyday conveniences. With no HOA, this home is a flexible fit for first-time buyers, downsizers, or investors seeking a rentable single-family asset with great outdoor space. Schedule your showing to see how much lifestyle this efficient, well-appointed property delivers.
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Comparable sales
A 1951 single family on 0.13 acres.
Building
Site & utilities
East-side / Near Downtown (80909)
Researched nearby locations
Location
2314 E Monument St, Colorado Springs, CO 80909
This east-side central neighborhood offers the convenience of near-downtown living without downtown price premiums. Streets are primarily older, single-family homes with mature trees and a mix of renovated and original-condition residences. Local eateries, small retailers, parks, and quick access to I‑25 make it attractive to commuters, young families, and those wanting walkable access to core city amenities.
Large private backyard, nearby parks and trail access; good opportunities for outdoor activities within short drives.
A factual market snapshot around 2314 E Monument St.
Central Colorado Springs (ZIP 80909) remains an active market for smaller single-family homes. Demand is driven by buyers who want proximity to downtown, relatively affordable pricing compared with newer suburban product, and the flexibility of standalone homes (no HOA). Median sale prices in central corridors have seen modest appreciation over the last 12 months (roughly low single-digits) with inventory staying tight for well-priced turnkey homes. For investors, rental demand from professionals and military-affiliated households is steady; for owner-occupiers, quick commutes and neighborhood amenities are the primary draw. Given the property's detached garage, shop, and large lot, it offers outsized utility compared with similarly sized homes and tends to perform well in both resale and rental scenarios. Verify exact comps and do a targeted CMA, but expect competitive interest for a clean, updated listing at $350K.
Typical single-family residential zoning permitting one-family dwelling; accessory structures allowed per local code (detached garage, shed, workshop).
Zoning
Research-indicated uses
- Single Family Residence
- Accessory Structures (Garage, Shed, Shop) Subject To Setbacks/Permits
What the research supports — and what is still worth verifying.
Key findings
- 2 beds / 1 bath, 1,040 SF living area (per listing).
- List price: $350,000; price/sf ≈ $337.
- Large accessory structures (garage/shop) increase utility and value for buyers who need workspace.
- No HOA.
- Built 1951; condition described as good with some recent updates (flooring, bath).
What stands out about this property.
Interior Features
- 2 bedrooms, 1 full bathroom
- Approximately 1,040 sq ft living area
- Upgraded wood-laminate flooring throughout main areas
- Living room with wood-burning fireplace/stove and built-in wall heater
- Remodeled bathroom (April 2025) with new tub and shower walls
- Main-level laundry
- Ceiling fans with remotes in both bedrooms and living room
- Two window A/C units convey
- Insulated doggy door with locking cover
Exterior & Lot
- Large 5,625 sq ft lot (≈0.13 acres)
- Detached one-car garage plus oversized workshop
- Separate storage shed
- Covered back patio and privacy-fenced yard
- Fire pit area and mature oak tree
- Security camera system (including 360° front camera) conveys
Location & Neighborhood
- Approximately 1 mile to Downtown Colorado Springs
- Easy access to I‑25
- No HOA
- Residential block with quick access to parks, restaurants, and services
- Suitable for commuting professionals and military families
Walkability & Recreation
- Walkability Rating: 61/100
- Nearby parks and local trails within a short drive
- Outdoor living with covered patio and fire pit
Sources & research confidence.
See where the property research came from and how confidence varies by field.