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421 S Prospect Street, Colorado Springs, CO, 80903

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421 S Prospect Street, Colorado Springs, CO, 80903

3 Beds
2 Baths
SqFt
0.18 Acres

Listing Id

2849969
$540,000

*Charming Fully Renovated Downtown Home with R2 Zoning and Income Potential!*
Welcome to your dream home in the vibrant heart of Colorado Springs! This beautifully renovated residence, situated on a generous double lot, features highly desirable R2 zoning that creates a fantastic investment opportunity for savvy buyers. As you step inside, you&#39'll be greeted by a bright and open layout that immediately makes you feel at home. The stunning kitchen showcases stainless steel appliances, quartz countertops, and ample cabinetry with serving buffet makes it a perfect space for entertaining. The main floor houses a spacious living area that is infused with natural light, and a convenient dining space that flows seamlessly into the kitchen.
Venturing downstairs, you&#39'll discover a fully finished basement that offers a private entrance, providing independence and privacy for guests or tenants alike. This versatile basement includes a fully equipped accessory dwelling unit (ADU) featuring its own inviting living area, a full kitchen, a cozy bedroom and bath, and a modern bathroom—making it ideal for generating rental income or providing comfortable accommodations for visiting friends and family.
KEY FEATURES:
*Double Lot* Enjoy an expansive outdoor area that presents endless possibilities for gardening, entertaining, or future development projects.
*R2 Zoning* Take advantage of the versatile zoning that enhances the property&#39's potential, opening doors for various residential and investment opportunities.
*Prime Location* Immerse yourself in the vibrant downtown Colorado Springs lifestyle, with an array of nearby shopping, dining, cultural attractions, and beautiful parks just moments away.
This property is the perfect blend of a charming home and a lucrative investment opportunity, making it a rarity in today’s market. Don’t miss out on this exceptional chance to become part of the Colorado Springs community. explore all that this remarkable property has to offer!

Property Details
Price:
$540,000
MLS #:
2849969
Status:
Active
Beds:
3
Baths:
2
Address:
421 S Prospect Street
Type:
Single Family
Subdivision:
Hillside
City:
Colorado Springs
Listed Date:
Mar 13, 2025
State:
CO
Finished Sq Ft:
1,540
ZIP:
80903
Lot Size:
8,001 sqft / 0.18 acres (approx)
Year Built:
1910
Interior
Appliances
Dishwasher, Dryer, Microwave Oven, Range, Refrigerator, Washer
Baths Full
1
Baths Three Quarter
1
Cooling
Ceiling Fan(s), Other, Wall Unit(s)
Floors
Wood Laminate
Heating
Forced Air, Heat Pump
Exterior
Fence
All
Foundation Details
Full Basement
Landscaped
All
Out Buildings
Storage Shed
Patio Desc
Covered
Roof
Composite Shingle
Structure
Frame
Water
Assoc/ Distr
Schools
School District:
Colorado Springs 11
Financial
Association Fee
0.00
Tax Year
2023
Taxes
$1,290

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disclosure
Courtesy of Keller Williams Premier Realty.
Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Pikes Peak, CO. Detailed information about real estate listings held by brokerage firms other than milehimodern include the name of the listing broker. Neither the listing company nor milehimodern shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Pikes Peak, CO. All rights reserved.
Rover IDX
421 S Prospect Street
Colorado Springs, CO