$525,000

224 N Prospect Street, Colorado Springs, CO 80903

Duplex
Built in 1900
5,793sqft lot
—— car garage
$——/sqft
Listed 1 month ago

Property Description

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!

Listing Status:: Active
Listing Office:: HomeSmart : 303-858-8100
Listing Agent:: Megan Klos : 813-716-7531
MLS ID:: 5968905

Appliances: Countertop SystemDishwasherDisposalDryerGas in KitchenKitchen Vent FanRefrigeratorWasher
Laundry: Electric Dryer Hookup
Basement: Crawl Space
A/C: Ceiling Fan(s)
Heating: ElectricForced Air

Roofing: Shingle

School District: Colorado Springs 11
County: El Paso

Zoning: 6417206016

Utilities: Electricity Connected
Water: Public

This listing courtesy of Megan Klos, HomeSmart

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Columbia Elementary School

835 E Saint Vrain St, Colorado Springs, CO, 80903

Grades PK-5

0.26 miles away

North Middle School

612 E Yampa St, Colorado Springs, CO, 80903

Grades 6-8

0.83 miles away

Palmer High School

301 N Nevada Ave, Colorado Springs, CO, 80903

Grades 9-12

0.54 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.