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.
Listed By
Agency Name: Keller Williams Premier Realty
Agency Phone: 719-445-0234
Shown By
Agent Name: Chris Cooper
Agent Phone: (719) 460-2925
Agency Title: The Cutting Edge, Realtors
Estimated Payment
$ 2,892.58 per month $2,620.49 Principal & Interest $116.92 Property Tax $155.17 Homeowner's Insurance
421 S Prospect Street | MLS# 2834134
This single family home located at 421 S Prospect Street, Colorado Springs, CO 80903 is currently listed for sale with an asking price of $532,000. This property was built in 1910 and has 3 bedrooms with 1553 sq. ft. S Prospect Street is located in the Hillside subdivision. Search Hillside real estate on www.corealestate.com today.