421 S Prospect Street, Colorado Springs, CO 80903
Local realty services provided by:ERA Teamwork Realty
Listed by: jeffrey johnson, patti gottwein
Office: keller williams premier realty
MLS#:2834134
Source:CO_PPAR
Price summary
- Price:$532,000
- Price per sq. ft.:$342.56
About this home
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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Home facts
- Year built:1910
- Listing ID #:2834134
- Added:8 day(s) ago
- Updated:March 28, 2026 at 02:14 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:1
- Flooring:Wood Laminate
- Kitchen Description:Dishwasher, Microwave Oven, Refrigerator
- Basement:Yes
- Basement Description:Full Basement
- Living area:1,553 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Wall Unit(s)
- Heating:Forced Air, Heat Pump
Structure and exterior
- Roof:Composite Shingle
- Year built:1910
- Building area:1,553 sq. ft.
- Lot area:0.18 Acres
- Lot Features:Corner, Level
- Construction Materials:Stucco
- Exterior Features:Covered
Utilities
- Water:Assoc/Distr
Finances and disclosures
- Price:$532,000
- Price per sq. ft.:$342.56
- Tax amount:$1,403 (2024)
Features and amenities
- Laundry features:Dryer
Parking
- Parking description:Detached Garage, Even with Main Level, Gravel Driveway
- Garage:Yes
- Garage spaces:2
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