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421 S Prospect Street

Colorado Springs, CO 80903
  • $532,000
  • STATUS: Active
  • ON SITE: 81 Days
  • ID#: 2834134
UPDATED: 34 min ago
$532,000
  • 3
    BEDS
  • 0.18
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,553
    SQFT
  • $343
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1910
County:

School Ratings & Info

School District:
Pikes Peak Multiple Listing Service logo Listing provided courtesy of Keller Williams Premier Realty: 719-445-0234.

Description

Discover a rare blend of charm, space, and investment upside in the vibrant heart of Downtown Colorado Springs. This fully renovated home sits on a generous double lot with coveted R2 zoning—allowing a duplex, ADU (accessory dwelling unit), or multi-family use—making it ideal for owner-occupants, house-hackers, and investors.Bright, open-concept main level with natural light, updated flooring, and fresh paint throughout. The kitchen features quartz countertops, stainless-steel appliances (gas range, dishwasher, refrigerator), shaker cabinetry, tile backsplash, and a serving buffet—designed for daily living and entertaining. Spacious living and dining areas flow seamlessly for easy gatherings.The fully finished basement has a private entrance and a complete ADU: living room, full kitchen, bedroom, and modern full bath. Perfect for long-term rental income, short-term guests (check local STR rules), multi-generational living, or home office/guest suite.Key Features & Lifestyle• Double lot with expansive yard—gardening, entertaining, or future development (subject to zoning).• R2 zoning = flexibility for duplex conversion, ADU, or additional units—rare downtown.• Prime Downtown Colorado Springs location: walk/bike to restaurants, breweries, shopping, parks, trails, CC, and the Pikes Peak Greenway. Quick access to I-25, Old Colorado City, and Memorial Park.• Updated systems, modern finishes, and move-in ready condition.Whether you’re seeking a primary residence with income potential, a turnkey house-hack, or a long-term investment, this renovated downtown home delivers lifestyle + cash flow in one of Colorado’s most desirable urban neighborhoods.

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Pikes Peak Multiple Listing Service logo Venterra Real Estate LLC- Licensed in the State of Colorado. 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. 2026-06-09T07:40:50.847.
www.venterrahomes.com/homes/174270606
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421 S Prospect Street Colorado Springs, CO 80903

  • Price: $532,000
  • Status: Active
  • On Site: 81 Days
  • Updated: 34 min ago
  • ID#: 2834134
3
Beds
2
Baths
0
½ Baths
0.18
Acres
1,553
SQFT
$343
$/SQFT
1910
Built
Neighborhood:
Hillside
County:
El Paso
Area:
Colorado Springs
School District:
Colorado Springs 11
Property Description
Discover a rare blend of charm, space, and investment upside in the vibrant heart of Downtown Colorado Springs. This fully renovated home sits on a generous double lot with coveted R2 zoning—allowing a duplex, ADU (accessory dwelling unit), or multi-family use—making it ideal for owner-occupants, house-hackers, and investors.Bright, open-concept main level with natural light, updated flooring, and fresh paint throughout. The kitchen features quartz countertops, stainless-steel appliances (gas range, dishwasher, refrigerator), shaker cabinetry, tile backsplash, and a serving buffet—designed for daily living and entertaining. Spacious living and dining areas flow seamlessly for easy gatherings.The fully finished basement has a private entrance and a complete ADU: living room, full kitchen, bedroom, and modern full bath. Perfect for long-term rental income, short-term guests (check local STR rules), multi-generational living, or home office/guest suite.Key Features & Lifestyle• Double lot with expansive yard—gardening, entertaining, or future development (subject to zoning).• R2 zoning = flexibility for duplex conversion, ADU, or additional units—rare downtown.• Prime Downtown Colorado Springs location: walk/bike to restaurants, breweries, shopping, parks, trails, CC, and the Pikes Peak Greenway. Quick access to I-25, Old Colorado City, and Memorial Park.• Updated systems, modern finishes, and move-in ready condition.Whether you’re seeking a primary residence with income potential, a turnkey house-hack, or a long-term investment, this renovated downtown home delivers lifestyle + cash flow in one of Colorado’s most desirable urban neighborhoods.
Exterior Features

Driveway Gravel Fence All Floor Plan Ranch Foundation Details Full Basement Garage Amenities Even with Main Level Garage Type Detached Lot Description CornerLevelMountain View Lot Location Near HospitalNear ParkNear Schools Lot Size 8000.0000 Lot Size Units SqFt Outbuildings Storage Shed Patio Desc Covered Roof Composite Shingle Siding Stucco Structure Frame

Interior Features

Appliances DishwasherDryerMicrowave OvenRangeRefrigerator Basement Percent Finished 98 Cooling Ceiling Fan(s)OtherWall Unit(s) Fireplace Description None Floors Wood Laminate Heating Forced AirHeat Pump Main Floor Bedroom YN Yes Sq Ft Finished 1540 Sq Ft Lower Floor 0 Sq Ft Lower Percent 0 Sq Ft Main Floor 936 Sq Ft Total Basement 617 Sq Ft Upper Floor 0

Property Features

Association Fee 0.00 Association Fee Frequency Not Applicable Construction Status Existing Home HOACovenants Exist YN No Notices Lead Base Paint Discl Req Tax Amount 1403.50 Tax Year 2024 Terms AssumableCashConventionalFHAVA Utilities Electricity Connected Water Assoc/Distr



Pikes Peak Multiple Listing Service logo Venterra Real Estate LLC- Licensed in the State of Colorado. 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. 2026-06-09T07:40:50.847.
 
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Venterra Real Estate LLC
802 S Tejon St.
Colorado Springs CO, 80903
Pikes Peak Multiple Listing Service logo Listing provided courtesy of Keller Williams Premier Realty: 719-445-0234.