421 S Prospect St

Colorado Springs, CO 80903

$532,000
Price
3
Beds
1,553 Sq. Ft.
$343 / Sq. Ft.
1,553
Sq. Ft.
$343
per Sq. Ft.
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a front view of a house with a garden
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a balcony with furniture and a potted plant
a living room with furniture fireplace and a table
a living room with furniture and a table
a living room with furniture and a flat screen tv
a view of a dining room with furniture and wooden floor
a large white kitchen with stainless steel appliances
a kitchen with a sink and refrigerator
a view of a dining room with furniture and wooden floor
a bedroom with a bed and a window
a bedroom with a bed and a flat tv screen
a bathroom with a bathtub and shower
a bathroom with a sink toilet and shower
a bedroom with a bed and a window
a bedroom with a bed and a window
a bedroom with a bed and a view of bathroom
a view of a livingroom with wooden floor and furniture
a view of a hallway with washer and dryer
a dining room with furniture and wooden floor
a view of entryway and hall with wooden floor
a kitchen with a refrigerator sink and cabinets
a living room with furniture and a flat screen tv
a bed room with a bed and a white wall
a bedroom with a bed and a lamp
a bathroom with a sink a mirror a vanity and shower
a living room with furniture and a couch
a living room with furniture a couch and a flat screen tv
a living room with furniture and a flat screen tv
a view of a dining room with furniture and wooden floor
a view of a table and chairs in a room
a kitchen with a refrigerator stove and sink
a view of a dining room with furniture and wooden floor
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a view of storage and utility room
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a front view of a house with garden
a front view of a house with a garden
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Description

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,...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). 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. • 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. 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.
  1. Listed by Jeffrey Johnson • Keller Williams Premier Realty
  2. Listed by Patti Gottwein • Keller Williams Premier Realty

Property Details for 421 South Prospect Street

Roof
Composite Shingle
Garage Type
Detached
Garage Spaces
2
Parking Spaces Number Of
2
Structure
Frame
Foundation Details
Full Basement
LISTING UPDATED: 03/25/2026 08:15 AM

Property Details for 421 South Prospect Street

StatusActive
MLS #2834134
Days on Compass29
Taxes$1,404 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / SF Home
Year Built1910
Lot Size0.18 AC / 8,000 SF
CountyEl Paso County
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Location

Listing Courtesy of Keller Williams Premier Realty, Jeffrey Johnson; Keller Williams Premier Realty, Patti Gottwein
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Building Information for 421 South Prospect Street

Stories1Year Built1910Building Size-Lot Size0.18 AC / 8,000 SF

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$2,796 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,679

Property Taxes

$117

HOA Dues

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Property Information for 421 South Prospect Street

Summary
Location and General Information
  • Landscaped: All
  • School District: Colorado Springs 11
  • PropertyAttachedY/N: false
  • County: El Paso
  • Sub Area: Hillside
  • Terms Offered: Cash,Conventional,FHA,VA
Parking
  • Garage Amenitities: Even with Main Level
Taxes and HOA Information
  • HOA Covenants Exist YN: No
  • Tax Year: 2024
Property
Property and Assessments
  • Construction Status: Existing Home
  • Floor Plan: Ranch
  • Out Buildings: Storage Shed
Lot Information
  • Lot Desc: Corner, Level, Mountain View
  • Lot Location: Near Hospital, Near Park, Near Schools
Utilities
  • Heating: Forced Air, Heat Pump
  • Cooling: Ceiling Fan(s), Other, Wall Unit(s)
  • Utilities: Electricity Connected
  • Water: Assoc/Distr
Interior and Exterior Features
Exterior Features
  • Alley: Gravel
  • Driveway: Gravel
  • Fence: All
  • Siding: Stucco
Interior Features
  • Appliances: Dishwasher, Dryer, Microwave Oven, Range, Refrigerator
  • Basement Percent Finished: 98
  • Entry: Wood Laminate
  • Fire Place Desc: None
  • Main Floor Bedroom YN: true
  • Sqft Lower Floor: 0
  • Sqft Lower Percent: 0
  • Patio Desc: Covered
  • Laundry Facilites: Electric Hook-up
  • Sqft Main Floor: 936
  • Sqft Total Bsmt: 617
  • Sqft Upper Floor: 0
  • Floors: Wood Laminate
Room 1
  • Room Type: Bedroom - Primary
  • Room Level: Main
Multi Family
Unit 1
  • Baths: 1
  • Beds: 2
  • Num Garage: 1
  • Occupied: No
  • Rent: $1,800.00
  • Sq Ft: 936.0
Unit 2
  • Baths: 1
  • Beds: 1
  • Occupied: No
  • Rent: $1,400.00
  • Sq Ft: 617.0

Property History for 421 South Prospect Street

DateEvent & SourcePriceAppreciation
Oct 11, 2022

Sold (Public Record)

Public Record #1499045270

$540,000

+97.4% / yr

Dec 17, 2021

Sold (Public Record)

Public Record #1479722448

$310,000—
DateEvent & SourcePrice
10/11/2022

Sold (Public Record)

Public Record #1499045270

$540,000

+97.4% / yr

12/17/2021

Sold (Public Record)

Public Record #1479722448

$310,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 421 South Prospect Street

Taxable ValueLand$3,910Additions$24,220Total$28,130
Tax Record2025$1,390 ($116 / month)
Home Facts
Beds4Total Finished SqFt1,224 SqFtAbove Grade Finished SqFt708 SqFtFinished Basement SqFt516 SqFtStories1Lot Size8,000 SqFtStyleSingle Family ResidenceYear Built1910ZoningR2CountyEL PASOAPN6417313015

Schools near 421 South Prospect Street

This home is within Colorado Springs 11 School District.
Rating
School
Type
Grades
Distance
Hunt Elementary School
Public - PK to 5
North Middle School
Public - 6 to 8
Palmer High School
Public - 9 to 12
CIVA Charter High School
Charter - 9 to 12
Rating
School
Distance
Hunt Elementary School
PublicPK to 5

North Middle School
Public6 to 8

Palmer High School
Public9 to 12

CIVA Charter High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 421 South Prospect Street, Colorado Springs, CO 80903

421 South Prospect Street is a single family home for sale in Colorado Springs, CO 80903. This property was listed for sale on March 19, 2026 by Keller Williams Premier Realty, it's currently listed at $532,000. It has been on the market for a total of 29 days and was last sold on October 11, 2022. This listing's school district is Colorado Springs 11 School District. Nearby schools include Hunt Elementary School, North Middle School and Palmer High School. 421 South Prospect Street is a 3-bed, 2-bath, 1,553 sqft single family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Premier Realty, Jeffrey Johnson; Keller Williams Premier Realty, Patti Gottwein

Based on information from one of the following Multiple Listing Services: REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.