$532,000

421 S Prospect Street, Colorado Springs, CO 80903

Single-Family Home
Built in 1910
8,002sqft lot
—— car garage
$——/sqft
Listed 13 days ago

Property Description

*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'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'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'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!

Listing Status:: Active
Data Last Updated:: April 2, 2026 at 7:43AM
Listing Office:: Keller Williams Premier Realty : 719-445-0234
Listing Agent:: Jeffrey Johnson : 719-930-5169
MLS ID:: 8848423

Appliances: DishwasherDryerMicrowaveRangeRefrigeratorWasher
Laundry: Electric Dryer Hookup
Basement: Full
A/C: Ceiling Fan(s)
Heating: Forced Air
Fireplace: None

Roofing: Shingle

School District: Colorado Springs 11
County: El Paso

Zoning: 6417313015

Utilities: Electricity Connected
Water: Assoc/Distr

This listing courtesy of Jeffrey Johnson , Keller Williams Premier Realty

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

0.92 miles away

North Middle School

612 E Yampa St, Colorado Springs, CO, 80903

Grades 6-8

1.49 miles away

Eastlake High School of Colorado Springs

2520 Airport Rd, Colorado Springs, CO, 80910

Grades 9-12

0.92 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.