Knob Hill Homes under $500,000

Welcome to Knob Hill, a charming neighborhood nestled in the heart of Colorado Springs, Colorado. Known for its vibrant community spirit and rich history, Knob Hill offers a unique blend of urban convenience and suburban tranquility. This inviting neighborhood is characterized by its picturesque tree-lined streets, eclectic architecture, and a welcoming atmosphere that makes it feel like home.

One of the standout features of Knob Hill is its affordability, with a variety of homes available for under $500,000. This makes it an ideal choice for first-time homebuyers, young families, and anyone looking to invest in a thriving community without breaking the bank. The homes here range from cozy bungalows to spacious two-story residences, each offering its own charm and character. Many properties boast delightful yards and outdoor spaces, perfect for enjoying the stunning Colorado weather.

In addition to its affordable housing options, Knob Hill is conveniently located near a plethora of amenities. Residents can enjoy easy access to local parks, shopping centers, and dining options, ensuring that everything you need is just a short drive or bike ride away. The neighborhood is also known for its strong sense of community, with various events and activities that bring neighbors together throughout the year.

For outdoor enthusiasts, Knob Hill is a stone's throw away from some of Colorado Springs’ most beautiful natural attractions, including the iconic Garden of the Gods and Pikes Peak. With its blend of affordability, community spirit, and natural beauty, Knob Hill is truly a hidden gem in Colorado Springs. Come discover your new home in this delightful neighborhood!

Newest Knob Hill Homes under $500,000

$387,000

4 Beds ⋅ 2 Baths ⋅ 1,396 SqFt. ⋅ ACTIVE Status

Fully remodeled home with stainless steel appliances, central a/c and great location. Close to schools, parks, UCHealth Memorial and US Olympic Training Center. 5 minutes to Downtown or I-25. Fenced yard, off-street parking, gated driveway.

1819 E Yampa St, Colorado Springs

Courtesy of Exp Realty LLC. 888-440-2724

$349,500

2 Beds ⋅ 1 Baths ⋅ 706 SqFt. ⋅ ACTIVE Status

***See the Amazing Video at the Virtual Tour Link on the listing*** Charming rancher blending original character with thoughtful updates & a beautifully designed, water-efficient outdoor space! This inviting home offers comfortable single-level living with hardwood floors, original arched doorways, hand-scraped walls, and attractive interior accent walls. The kitchen is both stylish and functional, featuring granite countertops, tile backsplash, new appliances in 2023, and pantry with convenient pull-out shelves. The 2nd bedroom is designed for versatility with a built-in Murphy bed and desk, creating an efficient space for guests, work, or whatever your needs may be. The bathroom features charming shiplap walls & new glass in 2024, adding warmth and character. The laundry room offers LVP flooring, a large window for natural light, and a custom wood-and-metal gate for an attractive finishing touch. New Furnace & Gutters in 2024. Hot Water Heater & Primary Bedroom Window replaced in 2025, & Exterior House and Garage Painted in 2025. Step outside to a completely fenced and landscaped property thoughtfully designed for beauty and water efficiency. The yard features colorful flowers, artificial turf, pavers, decorative rock, and low-maintenance landscaping. An attractive wood-and-metal fence with gates at both the driveway and front walkway was installed in 2025 creating privacy and curb appeal, while a metal gate from the alley provides additional vehicle access. The backyard is a true highlight, offering Pikes Peak views and a large covered paver patio with new metal roof in 2025—perfect for relaxing, entertaining, or enjoying Colorado's beautiful outdoor setting. A NEW Tuff Shed provides additional storage. With its original charm, thoughtful updates, flexible living spaces, low-maintenance landscaping, outdoor entertaining area, and Pikes Peak views, this delightful home offers a wonderful opportunity to enjoy Colorado Springs living with style and convenience!

904 Iowa Ave, Colorado Springs

Courtesy of Keller Williams Clients Choice Realty. 719-535-0355

$374,000

3 Beds ⋅ 2 Baths ⋅ 1,288 SqFt. ⋅ ACTIVE Status

Ranch floor plan! | Must See | One of a Kind | Move In Ready | Thoughtfully Renovated, Centrally Located | 1949 Charmer | Attached 2 Car Garage | Minutes from Downtown | No HOA | Low Taxes | Step into the perfect blend of location, character, and comfort with this beautifully updated 3-bedroom (one non-conforming), 2-bath, attached 2-car garage home. 7500 sq ft corner lot. Come in, relax, and enjoy the view of the mountains and the sunsets from the living room or the front porch. Listen to the many birds that visit the privacy hedges. Take off your shoes, feel the warmth of the sun, and make yourself at home in the enclosed patio area. The rear outdoor area offers potential for a gathering or gardening space while still leaving room to park toys, rvs, trailers or other. 2025-2026 updates to this home include class 3 shingles, gutters, siding, bathroom remodel, interior and exterior paint (including garage), lighting and fans, hardware, faucets, sanded and refinished kitchen cabinets, lvp flooring, countertops, backsplash, refrigerator, and more. Carpet was replaced in 2024. Furnace was replaced and electrical was updated in 2021. Buyer and buyers agent to verify all. Pre list appraisal was done. Don't miss this one! Schedule your showing today. Reach out to agent for Seller Concession!

901 Iowa Ave, Colorado Springs

Courtesy of Sellstate Altitude Realty. 303-916-1377

$229,900

2 Beds ⋅ 1 Baths ⋅ 693 SqFt. ⋅ ACTIVE Status

There’s something special about a home that feels welcoming from the moment you walk through the door, and this charming ranch-style property has all the potential to become just that. Offering 2 bedrooms (one nonconforming), 1 bathroom, and 693 square feet of living space on a 3,740-square-foot lot, this home is an inviting opportunity for a first-time buyer, downsizer, or anyone looking to create a space of their own. Inside, you’ll find a quaint kitchen, a nicely sized bedroom, and bright wood floors that bring warmth and character throughout the home. The layout offers a comfortable starting point with plenty of possibilities to make the space uniquely yours. Step outside and the possibilities continue. The backyard provides room to relax, garden, host friends, or simply enjoy a little fresh air at the end of the day. A brand-new storage shed adds practical space for all the extras, while two assigned parking spaces make everyday living a little easier. Located just blocks from the Olympic Training Center and only minutes from downtown, you’ll have convenient access to recreation, dining, shopping, and everything the area has to offer. If you’ve been waiting for a home where you can put down roots, make it your own, and create memories along the way, this one is worth a look. Come see the potential and imagine what it could feel like to call this place home.

526 Bonfoy Ave, Colorado Springs

Courtesy of REMAX PROPERTIES. 719-548-8600

$256,000

2 Beds ⋅ 1 Baths ⋅ 806 SqFt. ⋅ ACTIVE Status

Adorable rancher situated on a nice-sized lot with an oversized, heated one-car garage offering plenty of flexibility for parking, hobbies, storage, or a workshop. The main level welcomes you with a spacious feel, LVP flooring, two-tone paint, and a cozy fireplace. The entire main level has been thoughtfully updated. The kitchen features updated cabinetry and stainless-steel appliances, while the bathroom has been fully remodeled with custom tile, a tile surround, and updated fixtures. Additional features include six-panel doors throughout, main-level laundry, and vinyl windows. The oversized garage is a standout feature, offering full power, heat, and even a half bathroom. Whether you need a shop, hobby space, additional storage, or simply a great place to keep your vehicles, this space offers tremendous versatility. Very little work is needed, with only minor cosmetic touches such as carpet potentially needed. Enjoy the benefit of having the big-ticket updates already completed while adding your own finishing touches. Come see this great Colorado Springs value today!

1915 E Kiowa St, Colorado Springs

Courtesy of Muldoon Associates Inc. (719) 591-8332

$285,000

4 Beds ⋅ 2 Baths ⋅ 1,732 SqFt. ⋅ ACTIVE Status

4-bedroom, 2-bath ranch-style home in the established Knob Hill neighborhood, offering 2,310 finished sq ft and a full finished basement. and plenty of off street parking. The main level features two bedrooms, a full bath, kitchen with pantry and eat-in area, and a spacious living room with a comfortable, functional layout. The finished basement adds two additional bedrooms, a 3/4 bath, large family room with fireplace, and laundry area, providing plenty of additional living space. Enjoy an attached 2-car garage, covered front porch, patio, and private yard. Located in an established neighborhood with mature surroundings and no HOA, offering added flexibility for the next owner. With four bedrooms, two living areas, and a versatile floor plan, this home provides plenty of space for a variety of needs. .Click the Virtual Tour link to view the 3D walkthrough.

24 Swope Ave, Colorado Springs

Courtesy of Orchard Brokerage LLC. 844-515-9880

$424,000

ACTIVE Status

Side-by-Side Duplex | Investment Opportunity | House Hack or Cash-Flowing Asset is a side-by-side duplex walking distance to the Olympic Training Center. One unit is currently leased and professionally managed by Atlas Real Estate, providing immediate rental income from day one. The second recently renovated unit is vacant, giving a buyer two clear paths: add a duplex to an investment portfolio, or house hack by living in one unit while the tenant's rent offsets the mortgage. Property Highlights: Side-by-side duplex on a single lot One unit currently leased under professional property management Off-street parking and on-site laundry Duplex set up with each unit having their own furnace, water heater, and laundry units. Large three car driveway Private and shared yard space Updated finishes (new paint, new kitchen, upgraded flooring/appliances in front unit)

1914 E Monument St, Colorado Springs

Courtesy of Real Broker, LLC DBA Real. 720-807-2890

$329,900

3 Beds ⋅ 1 Baths ⋅ 1,086 SqFt. ⋅ ACTIVE Status

BRAND NEW EXTERIOR PAINT! This property offers a fantastic opportunity with a main house plus a detached cottage, both with rental history! The main home features 3 bedrooms, a spacious living room/dining room combination, and an eat-in kitchen. Out back, the detached 1-bedroom, 1-bathroom cottage has convenient access from the alley and adds excellent flexibility for rental income, guests, or additional living space. Located in a great area within walking distance of Memorial Park, this property offers both location and potential. MX-L zoning provides additional possibilities. Recent updates include new water heaters in both the main house and cottage, plus new carpet in the cottage. Whether you're looking for an investment opportunity, additional living space, or a property with room to grow, this property offers plenty of possibilities!

27 Bonfoy Ave, Colorado Springs

Courtesy of Keller Williams Clients Choice Realty. 719-535-0355

$479,900

3 Beds ⋅ 2 Baths ⋅ 1,670 SqFt. ⋅ ACTIVE Status

Welcome home to modern comfort and effortless living just minutes from downtown Colorado Springs. This beautifully crafted new construction offers the perfect blend of style, convenience, and everyday functionality. Step inside to an open, light-filled layout designed for the way you live today. The heart of the home is the stunning kitchen, featuring crisp white cabinetry, sleek countertops, stainless steel appliances, and a large island ideal for entertaining, casual dining, or gathering with family and friends. The space flows seamlessly into the living area, where an electric fireplace creates a warm and inviting focal point—perfect for cozy evenings at home. The spacious primary suite provides a private retreat with abundant natural light and a comfortable, relaxing atmosphere. Two additional bedrooms offer flexibility for guests, a home office, or growing needs, complemented by two full bathrooms with modern finishes. Set on a 7,500 sq ft city lot, this home offers room to enjoy the outdoors while still being close to everything. Located near schools, parks, shopping, and just a short drive to downtown Colorado Springs, you’ll love the balance of accessibility and neighborhood feel. This is more than just a home—it’s a fresh start, thoughtfully designed for comfort, style, and convenience. Room for four cars in the back of the house, plus one in the front, and also street parking. Seller willing to help with $10,000 for closing costs, or interest rate buydown.

812 Iowa Ave, Colorado Springs

Courtesy of Boutique Homes, LLC. 720-400-6688

1917 E Cache La Poudre St, Colorado Springs

$365,000

3 Beds ⋅ 2 Baths ⋅ 1,045 SqFt. ⋅ ACTIVE Status

Welcome to a charming home that blends timeless character with everyday livability in the heart of Colorado Springs. From the moment you arrive, you’ll appreciate the inviting curb appeal, classic brick accents, and cozy cottage feel that set the tone for what’s inside. Step into a bright and open living space featuring beautiful hardwood floors, abundant natural light, and a layout that flows effortlessly from living to dining. The interior showcases warmth and personality throughout, with built-ins, unique architectural touches, and a welcoming atmosphere that feels both comfortable and full of potential. The kitchen offers a practical layout with generous cabinet storage and prep space. The main floor bedrooms are bright and welcoming, offering peaceful spaces to relax at the end of the day. Downstairs, the basement adds valuable extra space for storage, hobbies, or future expansion, giving you flexibility to make the home truly your own. One of the standout features of this property is the expansive lot. The large yard offers endless possibilities, whether you envision gardening, entertaining on the deck, adding outdoor living features, or simply enjoying the open space. There’s even a play structure already in place, along with a shed in the backyard that includes a fridge and freezer, making it ideal for recreation and relaxation alike. Located in an established neighborhood, you’re just minutes from downtown Colorado Springs, Patty Jewett Golf Course, and the vibrant dining and shopping options along Academy Boulevard. Outdoor enthusiasts will love the easy access to Memorial Park, Palmer Park, and the endless hiking and biking trails the area is known for. Plus, with quick connections to I-25, commuting and exploring all that Colorado Springs has to offer is effortless. This is a rare opportunity to own a home full of character on a generously sized lot in a central and a convenient location. Come check it out today!

1917 E Cache La Poudre St, Colorado Springs

Courtesy of Ed Prather Real Estate. 720-650-4959

Start Your Search

The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp d/b/a elevateMLS.