Residential · Active

720 S Prospect Street

Colorado Springs, CO 80903

3 Beds · 2 Baths · 1,302 Sq Ft

$475,000

Single Family

Property Type

0.18 acres

Lot Size

1948

Year Built

$365

Price per Sq Ft

3351104

MLS #

About This Property

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!

63 days on market

Listed by Andrew Perkett & Thomas Kenney · Better Homes and Gardens Real Estate Kenney & Company · 719-550-1515

Last updated: 9/23/2026 6:19 PM · Source: elevateMLS, MLS#: 3351104

Property Details

Key Details

Property Type Residential
Sub Type Single Family Residence
Status Active
Price per Sq Ft $365
MLS # 3351104
Days on Market 63
Bedrooms 3
Full Baths 2

More Details

Above-Grade Sq Ft 816
Year Built 1948
Lot Size (Sq Ft) 7,698
Acres 0.1767
HOA Fee $0
Annual Taxes $1,246
Tax Year 2025
State CO
County El Paso

Interior

Total Rooms 12
Heating Forced Air
Cooling Central Air
Flooring Carpet, Vinyl/Linoleum
Appliances Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer

Exterior & Parking

Parking Features No Garage
Roof Composite Shingle

Building & Lot

Basement Full Basement, Walk Out
Construction Wood Siding, Frame
Sewer Sewer
Water Source Public
New Construction No

Terms & Other

Listing Terms Cash, Conventional, FHA, VA Loan

Location

Price History

DateEventPrice
10/19/2026 Price change
Source: REcolorado® #4147383
$2,200 $2/sqft
10/8/2026 Listed for sale
Source: REcolorado® #4147383
$2,200 -99.5% $2/sqft
9/23/2026 Listing removed
Source: REcolorado® #9078272
—
9/23/2026 Price change
Source: elevateMLS #3351104
$475,000 $365/sqft
9/23/2026 Price change
Source: elevateMLS #9158622
$475,000 +19.0% $365/sqft
9/9/2026 Listed for sale
Source: elevateMLS #3351104
$399,000 -16.0% $306/sqft
9/6/2026 Listed for sale
Source: REcolorado® #9078272
$475,000 +19.0% $365/sqft
8/29/2026 Listed for sale
Source: elevateMLS #9158622
$399,000 -6.1% $306/sqft
2/18/2022 Sold
Source: elevateMLS #5199116
$425,000 +1.2% $326/sqft
1/21/2022 Listed for sale
Source: elevateMLS #5199116
$420,000 +52.7% $323/sqft
11/8/2021 Sold
Source: elevateMLS #8521465
$275,000 +10.0% $211/sqft
10/8/2021 Listed for sale
Source: elevateMLS #8521465
$250,000 $192/sqft

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.

Listing information last updated September 23, 2026 at 6:19 PM.

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