Search homes for sale in Colorado’s largest MLS. Create a Free MLS account for advanced searches, premium content, and collaboration tools.
703 E Costilla Street Colorado Springs, CO 80903
Mortgage Calculator
Monthly Payment (Est.)
$3,536Located on a corner lot in downtown Colorado Springs' beautiful Hillside community, this shovel ready, urban infill apartment complex offers 10 luxury, Class A units, with amazing mountain views and immediate proximity to downtown amenities. Take advantage of this property's Opportunity Zone tax benefits, which means you pay zero capital gains taxes on the sale after building and owning the apartments for ten years. This project is ready for builder permits, with all drawings and site variances approved and stamped by the city and tap fees already paid. As Hillside's future anchor point for urban living, all units will feature 9' interior ceilings, 8 tuck-under covered parking spots, 8 storage units, 8 bike storage units, a dedicated dog wash, and electric vehicle charging stations. As of May 2023, the finished apartments have a projected value of over $4 million, with a 4.85% Cap Rate, and a yearly NOI after expenses of $197, 000. Investment opportunities like this rarely make it to the open market. Make this one yours today!
2 months ago | Listing updated with changes from the MLS | |
4 months ago | Listing first seen online |

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO real estate listings held by brokers other than eXp Realty, LLC are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.
Metro Denver Home Prices
Median closed price chart for homes sold in the 11-county metropolitan Denver area.
Search Metro Denver’s MLS (Colorado’s Largest) at ThePeak.com
The Peak Home Source provides home buyers with listings from metro Denver’s MLS — REcolorado, which is Colorado’s largest MLS. Search Colorado homes for sale with confidence knowing listing data is updated every 15 minutes.
Enjoy advanced Denver MLS search features such as Social Search (invite friends to easily collaborate on your home search), Commute Scores, and demographic information to quickly provide insight into the listing’s location.
<< Create your FREE Denver MLS account today to save your favorite homes and gain access to extra features…
No Hassle Guarantee: No SPAM. Easily unsubscribe or modify your search. Reach out to a trusted top Denver Realtor when you have questions or want to tour a home.
Contact Me
Here is an easy way to send me a quick message…
"*" indicates required fields
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.