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 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® # | 9158622 |
|---|---|
| Price | $475,000 |
| Acres | 0.18 |
| Year Built | 1948 |
| Type | Income |
| Sub-Type | Duplex |
| 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 |
| Fireplaces | None |
| Has Basement | Yes |
| Basement | Full Basement, Walk Out |
School Information
| District | Colorado Springs 11 |
|---|
Additional Information
| Date Listed | September 9th, 2026 |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
| Financing Available | Cash, Conventional, FHA, VA |
Listing Details
| Office | Better Homes and Gardens Real Estate Kenney & Company |
|---|---|
| Contact Info | 719-550-1515 |