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 o Double lot with expansive yard-gardening, entertaining, or future development (subject to zoning). o R2 zoning = flexibility for duplex conversion, ADU, or additional units-rare downtown. o 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. o 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.

Property Details of 421 S Prospect Street

Property Details

Interior Features

Exterior Features

Utilities and Appliances

Community

Other Details

Listed by Jeffrey Johnson of Keller Williams Premier Realty (719-445-0234)

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Based on information submitted as of May 16, 2026 7:32 PM EDT. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp d/b/a elevateMLS.

 
 

 

 

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