Movoto Real Estate

244 Washington St, Monument, CO 80132

  • $625,000

    Last sold date unavailable

  • bed

  • bath

House not for sale
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About 244 Washington St

Property type House
Neighborhood
Year built 1915
HOA fee $0/month
Lot size 7,692 Sqft
Property description
Incredible income-producing opportunity located in the heart of downtown Monument! This rare commercial property features two separate dwellings on one beautifully landscaped lot, offering built-in flexibility and multiple streams of potential income. The front home is approximately 1,444 sq ft with 3 bedrooms and 1 full bath. Currently configured as private office space for local businesses, each bedroom functions as an individual office. In addition, there's a smaller flex room that could also be leased separately, ideal for a part-time professional or private workspace adding even more income potential. A spacious, sun-filled kitchen with large windows and skylights adds warmth and versatility to the space, making it equally suitable as a short-term rental conversion. Tucked behind the main home is a updated guest cottage offering approximately 640 sq ft with 1 bedroom, a loft, and a stylish 3/4 bath. French doors lead to a peaceful, private courtyard perfect for relaxing or hosting guests. The cottage is currently operated as a short-term rental and has shown strong demand, even with limited availability. With expanded booking options, the new owner could further maximize its use. Zoned for commercial use and located just a short walk to Monument Lake, restaurants, shops, farmers markets, and concerts in the park, this property is nestled in one of Monument’s most vibrant and walkable districts. Whether you're looking to expand your investment portfolio, launch a business, or live on-site while generating income, this one-of-a-kind property offers endless potential and long-term value. ****** Take a look at the property video to get a real feel for the layout!********
Listed by
Listing Agent - Stephanie Lee MRP
Listing Office - Lee and Associates Real Estate, Inc.
Source: Peak MLS mls logo
MLS#6430633 • last updated 8 months ago
Movoto checked Peak MLS for data 22 minutes ago
Overview
Cooling/AC Ceiling Fan(s)
Heating Baseboard, Forced Air
MLS # 6430633
Status Active
SubType House W/Cottage
Virtual Tour N/A
Type Income
Lot Size (Acres) 0.1766
Lot Size (SqFt) 7692
Tax Amount 9727.83
Year Built 1915
Construction Status Existing
Interior
Laundry Electric Hook-up
Appliances Dishwasher, Disposal, Oven, Range, Refrigerator
Exterior
Foundation Crawl Space
# Parking Spaces 8
Fence All
Amenities / Utilities
Utilities Electricity Connected, Natural Gas Connected
Water Municipal
Location
Area Monument
County El Paso
School District Lewis-Palmer-38
Multifamily Details
Unit Total Baths 2
Total # of Units 2
  • Jul 2025
    mls logo MLS # 6430633
  • Jul 17, 2025 Pending
  • Jun 13, 2025 Listed
    $636,500
  • Feb 2025
    mls logo MLS # 4229034
  • Feb 20, 2025 Price Change
    $636,500 (-5.0%)
  • Oct 7, 2024 Listed
    $670,000
  • Apr 2024
    mls logo MLS # 8711063
  • Apr 15, 2024 Listed
    $670,000
  • Apr 2024
    mls logo MLS # 4812800
  • Apr 2, 2024 Listed
    $670,000

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Nearby homes for sale in Monument, CO

  • Real Estate
  • CO
  • El Paso County
  • Monument
  • 80132
  • 244 Washington St
We are not permitted to show value estimates for this property.

Nearby recently sold homes in Monument, CO

  • 244 Washington St
    $625K
  • Monument
  • 80132
    $799K +5% y/y
  • Monument
    $799K +5% y/y
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