421 S Prospect St

Beds
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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,
...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!
  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
Parking Spaces Number Of
2
Foundation Details
Full Basement
LISTING UPDATED: 06/01/2026 03:49 PM

Property Details for 421 South Prospect Street

StatusActive
MLS #8848423
Days on Compass80
Taxes$1,404 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1910
Lot Size0.18 AC / 8,000 SF
CountyEl Paso County

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

Stories-Residences-Year Built1910Building Size-Lot Size0.18 AC / 8,000 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$2,768 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,651

Property Taxes

$117

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 421 South Prospect Street

Summary
Location and General Information
  • School District: Colorado Springs 11
  • County: El Paso
  • Sub Area: Hillside
  • Terms Offered: Assumable,Cash,Conventional,FHA,VA
Taxes and HOA Information
  • Tax Year: 2024
Property
Property and Assessments
  • Construction Status: Existing
Utilities
  • Heating: Forced Air
  • Cooling: Ceiling Fan(s)
  • Utilities: Electricity Connected
  • Water: Assoc/Distr
Interior and Exterior Features
Exterior Features
  • Alley: Gravel
  • Siding: Stucco
Interior Features
  • Appliances: Dishwasher, Dryer, Microwave Oven, Range, Refrigerator, Washer
  • Fire Place Desc: None
  • Laundry Facilites: Electric Hook-up
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, we 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
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
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

Eastlake High School of Colorado Springs
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.

Similar Homes

421 South Prospect Street is a multi-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 80 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 0-bed, 0-bath, multi-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.