224 N Prospect Street, Colorado Springs, CO 80906

Local realty services provided by:ERA New Age
224 N Prospect Street,Colorado Springs, CO 80906
$545,000
Virtual Tour
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:megan klos
Office:homesmart
MLS#:5968905
Source:CO_PPAR

Price summary

  • Price:$545,000

About this home

Rare opportunity just minutes from downtown! This exceptional investment property features a charming 2-bedroom, 1-bath main house plus a fully separate, turnkey 1-bedroom, 1-bath cottage—perfect for generating rental income or hosting guests. Each residence includes its own private front yard and dedicated parking, offering both privacy and convenience. Ideal for young professionals or savvy buyers looking to offset higher interest rates with built-in rental income, the cottage is move-in ready and can start producing revenue immediately. Located just five minutes from downtown, this property provides a quick commute while maintaining a peaceful neighborhood feel. Opportunities like this are rare—schedule your showing today and see the potential for yourself!

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Home facts

  • Year built:1900
  • Listing ID #:5968905
  • Added:1 day(s) ago
  • Updated:October 15, 2025 at 03:44 AM

Heating and cooling

  • Cooling:Ceiling Fan(s)
  • Heating:Electric, Forced Air

Structure and exterior

  • Roof:Composite Shingle
  • Year built:1900
  • Lot area:0.13 Acres

Utilities

  • Water:Municipal

Finances and disclosures

  • Price:$545,000
  • Tax amount:$1,215 (2025)
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