321 Graceland GRV Active

Colorado Springs,CO 80904

$ 1000000

- Bed

- Bath

- SqFt


Key Details

Property Type Multi-Family

Sub Type SF Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID 8221419

Year Built 2006

Annual Tax Amount $2,876

Tax Year 2024

Lot Size 6,534 Sqft

Property Sub-Type SF Home

Property Description

Discover 3 newly built, fully permitted living units—each with its own kitchen & laundry—on one expansive, versatile property designated as a Single Family Residence. Perfect for multi-generational living, steady rental income, an allowed STR with license, or a combination of all.

Unit One features 2 bedrooms, a full kitchen, laundry, a cozy living room with a wood-burning fireplace, true oak flooring, and a modern bathroom with a spacious shower. Outside, enjoy a private yard with a generous garden—ideal for owners, tenants, guests, or extended family.

Unit Two offers all-tile flooring, 2 bedrooms, one full bath, a comfortable family room, a full kitchen with a large peninsula for bar seating, and its own laundry. The layout works beautifully for long-term rentals, short-term rentals (Airbnb or VRBO), or visiting friends and family.

Unit Three, or the main house, is the showpiece. The main level includes oak floors, a full kitchen with dual sinks, a dining area, and a ¾ bath. Upstairs, you'll find 4 bedrooms, 2 composite decks, a family room with mountain views, and a laundry room. The primary suite impresses with a large walk-in closet, attached nursery or office, and a luxurious 4-piece ensuite bath.

Outdoor living shines with a spacious courtyard, a tree covered composite deck for entertaining, and an oversized, fully finished, and insulated 3-door (2-car) garage with a wood-burning stove & heated kitchenette -plus 5 extra parking spaces for guests or tenants.

Every detail has been thoughtfully upgraded including high-end finishes, modern kitchens & baths, expanding foam insulation, and updated fixtures, all blending style with comfort.

Whether you choose to live in one unit and rent the others, or lease all three for maximum income potential, this Architect-owned property offers unmatched versatility, security cameras for peace of mind, and exceptional value in a single-family setting.

Location

State CO

County El Paso

Area Gillette

Interior

Cooling Central Air,Wall Unit(s)

Fireplaces Number 1

Fireplaces Type Main Level,One,Wood Burning,Wood Burning Stove

Laundry Electric Hook-up

Exterior

Garage Spaces 6.0

Utilities Available Cable Available,Electricity Connected,Natural Gas Connected

Roof Type Composite Shingle

Building

Foundation Crawl Space

Water Municipal

Structure Type Framed on Lot,Frame

Schools

School District Colorado Springs 11

Others

Special Listing Condition Not Applicable

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