151 Ruxton Ave - Apartments FOR SALE


Manitou Springs, CO 80829
$1,100,000 USD
303-881-8841
151 Ruxton Ave, Manitou Springs, CO for Sale
$1,100,000 USD
Apartments - FOR SALE
1/15
null | 6.71% Cap Rate

151 Ruxton Ave
Manitou Springs, CO 80829


HIGHLIGHTS

  • Historic Victorian down-to-the-studs refurbished with original 1889 accents and 2025 contemporary comforts
  • 2 blocks from Manitou's central business district, on the way to Pikes Peak Cog Railway, Incline, Miramont Castle Museum, close to Twin Spring
  • Rare updated rental in an area with limited inventory

OVERVIEW

Historic 1889 Brookside is in the final phase of being taken down to the studs and purposely refurbished into 2 flats, each with 3 beds, 2 baths, kitchen, living, laundry. Rent both or live in one and rent the other. Potential for an owner-occupied family dwelling unit (FDU) in the unfinished lower level. Check with Manitou Springs for details. Financials do not include the potential FDU. A rare and stately offering in the heart of Manitou Springs, 151 Ruxton Avenue presents a reimagined 1889 Victorian residence known as Brookside — a historic treasure thoughtfully restored into a turnkey duplex just moments from the Manitou Incline, Garden of the Gods, and the Pikes Peak Cog Railway. Elevated above street level with a striking front porch entry, both units share a grand main entrance that opens into a distinguished foyer. From this space, each flat enjoys private access via separate doors — one ascending the original 1889 staircase to the upper level, and one remaining on the main level. Each unit offers three bedrooms, two full bathrooms, in-unit laundry, and its own dedicated electrical meter. Timeless Victorian charm is woven throughout the home’s restoration, from the preserved period details to refurbished cast-iron tubs. All-new systems — including plumbing, electrical, windows, kitchens and baths — create a seamless blend of historic character and modern convenience. The upper-level flat boasts direct access to the expansive backyard, a serene and versatile space ideal for gathering or stargazing. Tucked within the sloped lot are remnants of the home’s original well and outdoor kitchen — subtle nods to the property’s past that enrich its narrative. With its iconic location, extensive outdoor space, and rich history, Brookside offers a rare opportunity to own a legacy property in one of Colorado’s most beloved mountain communities — ideal for full-time living or dual rental income. Additionally, a lower-level space with its own entrance adds 914 square feet of versatility. Buyers interested in exploring use of this level as a Family Dwelling Unit (FDU) should consult the City of Manitou Springs for requirements. OM in supplements.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$415 USD /SF

# OF UNITS

2

PRICE/UNIT

$550,000

CAP RATE

6.71%

% LEASED

-

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brookside

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1889

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,196 SF

ZONING

GR

APN/PARCEL ID

74053-08-049

ASK ABOUT THIS PROPERTY

Mary AnschutzmilehimodernMore Info
303-881-8841

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Mary AnschutzmilehimodernMore Info
303-881-8841

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.