421 S Prospect Street, Colorado Springs, CO 80903 (MLS # 8848423)

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PRICE $532,000 dsIDX morgage calculator
BEDS 3
BATHS 2
HOME SIZE 1,548 sqft
LOT SIZE 8,002 sqft

*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!

DAYS ON MARKET 102 LAST UPDATED 3/19/2026
YEAR BUILT 1910 COMMUNITY Hillside
GARAGE SPACES 2.0 COUNTY El Paso
STATUS Active PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR Ceiling Fan(s)
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
AREA Hillside
BASEMENT Full, Yes
CONSTRUCTION Stucco
GARAGE Yes
HEAT Forced Air
LOT 8002 sq ft
TAXES 1403.5
UTILITIES Electricity Connected
MORTGAGE CALCULATOR
   

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Listing provided by: Keller Williams Premier Realty, 7194450234
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