720 S Prospect Street, Colorado Springs, CO 80903 (MLS # 3351104)

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PRICE $399,000 dsIDX morgage calculator
BEDS 3
BATHS 2
HOME SIZE 1,302 sqft
LOT SIZE 7,698 sqft

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!

DAYS ON MARKET 0 LAST UPDATED 9/8/2026
YEAR BUILT 1948 COMMUNITY Cheyenne Add Colorado Spgs
COUNTY El Paso STATUS Active
PROPERTY TYPE(S) Single Family


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
AREA Cheyenne Add Colorado Spgs
BASEMENT Full, Partially Finished, Walk-Out Access, Yes
HEAT Forced Air
LOT 7697 sq ft
PARKING None
STYLE Ranch
TAXES 1245.84
UTILITIES Electricity Connected, Natural Gas Connected, Natural Gas Available
VIEW Yes
VIEW DESCRIPTION Mountain(s)
WATER Public
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Listing provided by: Better Homes and Gardens Real Estate Kenney & Company, 7195501515
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