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$532,000
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Property Description
*Charming Fully Renovated Downtown Home with R2 Zoning and Income Potential!* Welcome to your dream home in the vibrant heart ofColorado Springs! This beautifully renovated residence, situated on a generous double lot, features highly desirable R2 zoning that creates afantastic investment opportunity for savvy buyers. As you step inside, you'll be greeted by a bright and open layout that immediately makes youfeel at home. The stunning kitchen showcases stainless steel appliances, quartz countertops, and ample cabinetry with serving buffet makes it aperfect space for entertaining. The main floor houses a spacious living area that is infused with natural light, and a convenient dining space thatflows seamlessly into the kitchen. Venturing downstairs, you'll discover a fully finished basement that offers a private entrance, providingindependence and privacy for guests or tenants alike. This versatile basement includes a fully equipped accessory dwelling unit (ADU) featuring itsown inviting living area, a full kitchen, a cozy bedroom and bath, and a modern bathroom-making it ideal for generating rental income orproviding comfortable accommodations for visiting friends and family. KEY FEATURES: *Double Lot* Enjoy an expansive outdoor area thatpresents endless possibilities for gardening, entertaining, or future development projects. *R2 Zoning* Take advantage of the versatile zoningthat enhances the property's potential, opening doors for various residential and investment opportunities. *Prime Location* Immerse yourself inthe vibrant downtown Colorado Springs lifestyle, with an array of nearby shopping, dining, cultural attractions, and beautiful parks just momentsaway. This property is the perfect blend of a charming home and a lucrative investment opportunity, making it a rarity in today's market. Don'tmiss out on this exceptional chance to become part of the Colorado Springs community. explore all that this remarkable property has to offer!
Full Property Details
Full Property Details for 421 S Prospect St
General
- Price: $532,000
- Taxes: $1,403 (2024)
- Status: Active
- Type: Duplex
- Source: PikesPeak
- MLS ID: 8848423
- Updated: 5/7/2026
- Added to Site: 65 day(s) ago
Interior
- Fireplace(s): None, None
- Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Rooms
Other Rooms
- Laundry: Electric Hook-up
Parking
- Total Spaces: 2
Location
- County: El Paso
- Subdivision: Hillside
School Information
- School District: Colorado Springs 11
Heating & Cooling
- Cooling Type: Ceiling Fan(s)
- Heating Type: Forced Air
Utilities
- Water: Assoc/Distr
- Utility Description: Electricity Connected
Structural Information
- Exterior Const.: Stucco
- Roof: Composite Shingle
- Year Built: 1910
Lot Features
- Lot Size (Acres): 0.1837
- Lot Size (Sq. Ft.): 8,000
Financial Considerations
- Tax Amount: $1,403.5
- Tax Year: 2024
Listed by Keller Williams Premier Realty
Get Pre-Approved Today
Schools
Schools serving 421 S Prospect St
School District:Colorado Springs School District 11
| Name | Grades | Distance |
|---|---|---|
Hunt Elementary School 2101 Manitoba Drive, Colorado Springs, CO 80910 | PK-5 | 1.2 mi |
North Middle School 612 East Yampa Street, Colorado Springs, CO 80903 | 6-8 | 1.5 mi |
Palmer High School 301 North Nevada Avenue, Colorado Springs, CO 80903 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 421 S Prospect St
Date
Details
Price
Change
Source
3/19/2026
Listed
$532,000
-1.48%
MLS
10/11/2022
Sold
$540,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 421 S Prospect St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,404
—
$28,130
-5%
2024
$1,404
9%
$29,680
—
2023
$1,290
54%
$29,680
109%
2021
$837
9%
$14,180
3%
2022
$771
-8%
$13,780
24%
2021
$837
12%
$11,090
—
2019
$749
25%
$11,090
36%
2018
$600
6%
$8,180
—
2017
$568
13%
$8,180
-6%
2016
$504
—
$8,690
—
2015
$502
4%
$8,690
8%
2014
$484
-2%
$8,040
—
2013
$492
—
$8,040
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 421 S Prospect St
421 S Prospect Street, Colorado Springs, CO 80903 (MLS# 8848423) is a Duplex property with 0 bedrooms and 0 full bathrooms. 421 S Prospect Street is currently listed for $532,000 and was received on March 19, 2026. Want to learn more about 421 S Prospect Street? Do you have questions about finding other Duplex real estate for sale in Colorado Springs? You can browse all Colorado Springs real estate or contact a Coldwell Banker agent to request more information.

