720 S Prospect Street, Colorado Springs, CO

$399,000

Previous Next

3

Beds

2

Baths

1,302

Square feet

0.18

Acres

About 720 S Prospect Street

Exceptional investment or house-hacking opportunity just 5 minutes from Downtown Colorado Springs! This versatile property is fully updated and configured for dual-living flexibility, featuring completely separate entrances for both the main level and lower level. The bright main level offers 2 bedrooms and 1 full bathroom with modern interior finishes. Greeted right away with the central living space, and views of the mountains directly through the window. The kitchen boast beautiful updates and both bedrooms serve as their own retreat in the unit with a full bath between. The lower level features an independent 1 bedroom, 1 full bathroom unit ideal for rental income or multi-generational living. Major capital improvements provide complete peace of mind, including a new roof installed last year, a newly relined sewer line, and all HVAC systems under 5 years old. All furniture in the property is negotiable! Situated on a generous lot with plenty of outdoor space and quick access to downtown dining, shopping, and major corridors, this turn-key property is ready for an investor seeking strong cash flow or an owner-occupant looking for a property with options! Between location, beautiful updates, and peace of mind, this property has it all!

Features of 720 S Prospect Street

MLS® # 3351104
Price $399,000
Bedrooms 3
Bathrooms 2.00
Full Baths 2
Square Footage 1,302
Acres 0.18
Year Built 1948
Type Residential
Sub-Type Single Family
Status Active

Community Information

Address 720 S Prospect Street
Area Cheyenne Add Colorado Spgs
Subdivision Cheyenne Add Colorado Spgs
City Colorado Springs
County El Paso
State CO
Zip Code 80903

Amenities

Utilities Electricity Connected, Natural Gas Connected
Has Pool No

Interior

Appliances Dishwasher, Disposal, Dryer, Microwave Oven, Range, Refrigerator, Washer
Heating Forced Air
Cooling Central Air
Fireplace No
Has Basement Yes
Basement Full Basement, Walk Out

Exterior

Roof Composite Shingle
Construction Wood

School Information

District Colorado Springs 11

Additional Information

Date Listed September 9th, 2026
Short Sale No
RE / Bank Owned No
HOA Fees Freq. Not Applicable
Financing Available Cash, Conventional, FHA, VA

Listing Details

OfficeBetter Homes and Gardens Real Estate Kenney & Company
Contact Info719-550-1515

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?