421 S Prospect Street

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).
* 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.
* 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.