Property listing for 2314 E Monument St, Colorado Springs, CO 80909
ActiveSingle Family Home

$350,000

2314 E Monument St, Colorado Springs, CO 80909

Updated 2-Bed Home with Shop & Big Yard Near Downtown

2 Bed · 1 Bath · 1,040 Sq Ft

Turnkey 2BR/1BA with detached garage, workshop, and privacy yard — no HOA

2

Beds

1

Baths

1,040

Sq Ft

1951

Built

0.13 acres

Lot

Detached one-car garage + oversized shop

Garage

About 2314 E Monument St

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.

Home Highlights

Remodeled bathroom April 2025Detached garage + oversized workshopLarge private backyard with covered patioSecurity cameras and insulated doggy door includedNo HOA

Property Features

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

Neighborhood & Location

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.

Market Insights

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.

Nearby Schools

Colorado Springs School District 11 (verify exact assignment)

District · Varies

Varies by school; verify

Coronado High School (possible nearby assignment — verify)

High · ≈2–3 mi (estimate)

6/10 (approx)

Local District 11 Elementary/Middle (verify with district)

Elementary/Middle · Within 0–2 mi (estimate)

Varies

Walkability & Recreation

61
Walkability
68
Recreation

Large private backyard, nearby parks and trail access; good opportunities for outdoor activities within short drives.

Investment Highlights

  • Large 5,625 SF lot with mature oak tree and privacy fencing — rare for central locations.
  • Detached one-car garage plus dedicated shop and storage shed provides workspace and storage.
  • Recent bathroom remodel (Apr 2025) reduces immediate capex needs.
  • Security cameras, insulated pet door, and ceiling fan remotes add turnkey convenience.
  • Short drive to downtown Colorado Springs and quick access to I‑25 supports broad tenant/buyer demand.

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).

Things to Consider

  • Heating system appears to rely partly on older wood-burning equipment—confirm functionality and permitting.
  • Public school assignments and exact zoning details need verification.
  • Electrical / mechanical system condition not detailed in scraped data — recommend inspection.
  • Crawl space present; inspect for moisture/structural issues.

Opportunity Analysis

Buy an affordable, updated small single-family home near downtown with a large lot and shop space that can serve owner-occupiers or investors; modest cosmetic updates could increase resale or rental value quickly.

Potential Use Scenarios

  • Owner-occupier: minimal updates (paint, kitchen refresh) to maximize lifestyle benefit.
  • Investor: light cosmetic flip — update kitchen surfaces and mechanicals; target resale or rent to urban professionals.
  • Short-term rental potential limited by neighborhood rules; long-term single-family rental feasible.

Risk Factors

  • Potential deferred maintenance in systems not disclosed (HVAC, electrical).
  • Market price sensitivity to interest rates and local inventory.
  • Rental yield sensitive to capex if major systems need replacement.

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$330K

Midpoint

$350K

High

$370K

$336.54/SF estimated price per square foot

65% confidence

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.

As of 2026-03-12

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$430,000
Avg Days on Market30 days
Inventory1.8 months
1-Year Appreciation+300.0%

Demographics

Population (1 mi)15,000
Median Income (1 mi)$52,000

Central Colorado Springs has seen steady population growth and in-migration; demand for affordable single-family homes near downtown remains strong.

Nearby Points of Interest

  • Downtown Colorado Springs (≈1.0 mi)
  • I-25 access (≈1.5 mi)

Walkable to neighborhood parks and local services; quick drive to downtown amenities, restaurants, and major employers on Union Boulevard and I‑25.

School District

DistrictColorado Springs School District 11 (likely)
ElementaryDistrict assignment subject to verification — nearby public elementary options in central Colorado Springs typically include Washington Elementary or other DPS 11 schools (ratings vary) (confidence 0.65).
MiddleNearby middle schools commonly serving the central corridor (District 11) — specific assignment required (confidence 0.60).
HighNearby high schools include Coronado High School or Mitchell High School in District 11 depending on boundary lines (confidence 0.60).

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1951
Constructionwood frame
Stories1
Heatingwall heater and supplemental wood-burning stove/furnace tools (per seller)
Coolingtwo window A/C units (included)
Basementnone
FireplaceYes
Conditiongood

Lot & Site

Lot Size0.1291 acres (5,625 SF)
Topographylevel
Parkingdetached_garage_and_driveway
Parking Spaces3

Utilities

Zoning & Land Use

Zoning Codelikely R1 / single-family residential
DescriptionTypical single-family residential zoning permitting one-family dwelling; accessory structures allowed per local code (detached garage, shed, workshop).
JurisdictionCity of Colorado Springs

Allowed Uses

Single family residenceAccessory structures (garage, shed, shop) subject to setbacks/permits
Current Useresidential

Tax & Sale History

Tax Assessment

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