Located 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.Investment opportunities like this rarely make it to the open market. Make this one yours today!
Property Details
- View
- City,Mountain(s)
- Lot Features
- Level, Mountainous, Near Public Transit
- Lot Description
- Level, Mountainous, Near Public Transit
- Acres
- 0.218
- Lot Size (sqft)
- 9500.0
- Property Type
- Purchase
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Cable Available, Electricity Available, Natural Gas Available
- Subdivision
- Hillside
- School District
- Colorado Springs 11
- County
- El Paso
- Region
- Colorado Springs
- Zoning
- C-6
- Taxes Annual
- $3,155
- MLS #
- 3995094
- Property Subtype
- Improved Land
- Parcel Number
- 64173-12-013
- MLS #
- 3995094
- Date Listed
- May 19, 2026
- Address
- 703 E Costilla Street
Location
Legal
Based on information submitted to the MLS GRID as of 2026-08-31 15:57:47 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: Aug 31, 2026 3:57 PM. Source: RECOLORADO
Provided By
Listed by Daniel Jones, Danjonesre@gmail.com,719-308-6055
Listing Office: Better Homes & Gardens Real Estate - Kenney & Co.
Legal Notice
This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.
The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.
Buyer Agency Compensation
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
