$475,000

720 S Prospect Street, Colorado Springs, CO 80903

3 beds |
2 baths |
1,302 sqft

Single-Family Home
Built in 1948
7,697sqft lot
—— car garage
$365/sqft
Listed 26 days ago

Property Description

Exceptional investment or house-hacking opportunity just 5 minutes from Downtown Colorado Springs! This versatile property is fully updated and configured for dual-living flexibility, featuring completely separate entrances for both the main level and lower level. The bright main level offers 2 bedrooms and 1 full bathroom with modern interior finishes. Greeted right away with the central living space, and views of the mountains directly through the window. The kitchen boast beautiful updates and both bedrooms serve as their own retreat in the unit with a full bath between. The lower level features an independent 1 bedroom, 1 full bathroom unit ideal for rental income or multi-generational living. Major capital improvements provide complete peace of mind, including a new roof installed last year, a newly relined sewer line, and all HVAC systems under 5 years old. All furniture in the property is negotiable! Situated on a generous lot with plenty of outdoor space and quick access to downtown dining, shopping, and major corridors, this turn-key property is ready for an investor seeking strong cash flow or an owner-occupant looking for a property with options! Between location, beautiful updates, and peace of mind, this property has it all!

Listing Status:: Active
Data Last Updated:: October 5, 2026 at 7:16AM
Listing Office:: Better Homes and Gardens Real Estate Kenney & Company : 719-550-1515
Listing Agent:: Andrew Perkett : 719-659-3870
Contact:: 719-550-1515
MLS ID:: 3351104

Appliances: DishwasherDisposalDryerMicrowave OvenRangeRefrigeratorWasher
Laundry: Electric Hook-upLowerMain
Basement: Full BasementWalk Out
Flooring: CarpetVinyl/Linoleum
A/C: Central Air
Heating: Forced Air

Parking: Parking spaces: 0

Roofing: Composite Shingle

HOA Amenities: 0.0Not Applicable
Originating MLS: Pikes Peak REALTOR® Services
School District: Colorado Springs 11
County: El Paso

Zoning: 6420205028

Utilities: Electricity ConnectedNatural Gas Connected
Water: Municipal
Sewer: Sewer

Source: Pikes Peak REALTOR® Services

This listing courtesy of Andrew Perkett , Better Homes and Gardens Real Estate Kenney & Company

Monthly Payment

$Est. Payment

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

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