421 S Prospect Street, Colorado Springs, CO 80903 (MLS # 2834134)

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PRICE $532,000 dsIDX morgage calculator
BEDS 3
BATHS 2
HOME SIZE 1,540 sqft
LOT SIZE 8,002 sqft

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.

DAYS ON MARKET 101 LAST UPDATED 3/19/2026
YEAR BUILT 1910 COMMUNITY Hillside
COUNTY El Paso STATUS Active
PROPERTY TYPE(S) Single Family


ADDITIONAL DETAILS
AIR Ceiling Fan(s), Other, Wall Unit(s)
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Dryer, Microwave, Range, Refrigerator
AREA Hillside
BASEMENT Full, Partially Finished, Yes
CONSTRUCTION Frame, Stucco
EXTERIOR Storage
HEAT Forced Air, Heat Pump
INTERIOR Master Downstairs
LOT 8002 sq ft
LOT DESCRIPTION Corner Lot, Landscaped, Level
PARKING Gravel, Driveway, Detached
TAXES 1403.5
UTILITIES Electricity Connected
VIEW Yes
VIEW DESCRIPTION Mountain(s)
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Listing provided by: Keller Williams Premier Realty, 7194450234
bridgeMLS

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