224 N Prospect Street Colorado Springs, CO ^$ 525,000

224 N Prospect Street

^$ 525,000

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224 N Prospect Street

Colorado Springs, CO, 80903

^$ 525,000

Studio Baths0.0

Monthly Estimate*

^$ 3,275

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Studio

Multi-Family Home for sale in Colorado Springs, CO

for $525,000. This home was built in 1900 on a lot size of 0.133.

Rare opportunity just minutes from downtown! This exceptional investment property features a charming 2-bedroom, 1-bath main house plus a fully separate, turnkey 1-bedroom, 1-bath cottage—perfect for generating rental income or hosting guests. Each residence includes its own private front yard and dedicated parking, offering both privacy and convenience. Ideal for young professionals or savvy buyers looking to offset higher interest rates with built-in rental income, the cottage is move-in ready and can start producing revenue immediately. Located just five minutes from downtown, this property provides a quick commute while maintaining a peaceful neighborhood feel. Opportunities like this are rare—schedule your showing today and see the potential for yourself!

Multi-Family Active

Price

^$ 525,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 1,215

Style

Duplex

Lot Size

0.133

Year Built

1900

Town/City

Colorado Springs

County/Region

El Paso

MLS | Web ID

5968905

Features

General

Utilities Electricity Connected

Roof Composite Shingle

Appliances Countertop System Dishwasher Disposal Dryer Gas in Kitchen Kitchen Vent Fan Refrigerator Washer

Water Municipal

School District Colorado Springs 11

Property Type Income

Yearly Taxes 1215.00

Tax Year 2025

Status Active

Sub Type Duplex

Exterior

Siding Wood

Lot Size 0.1330

Foundation Crawl Space

Parking Spaces 4

Interior

Laundry Facility Electric Hook-up

* Excluded Features

List By

Homesmart

Broker

meganlklos@gmail.com

Affordability Calculator

$3,377

Per Month

Monthly Principal & Interest: $3,275
Monthly Property Taxes: $101
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Colorado Springs, CO

Average List Price ^$768,382

Percent of Sale Price 46%

About Colorado Springs, CO

461,521 Population

27% Since 2002

^$57,575 Median Income

36.95 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3784392 Elementary School

3784391 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/29/2025	$525,000	-3.67%	Price Down
10/14/2025	$545,000		Listed Price

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224 N Prospect Street, Colorado Springs, CO, 80903 is a Multi-Family Home for sale at $525,000 with a lot size of 0.133. 224 N Prospect Street is a studio with 0.0 baths and was built in 1900. The property's zip code is 80903 which is in Colorado Springs, CO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Pikes Peak REALTOR(R) Services Corp.

The data relating to real estate for sale on this web site comes in part from The Internet Data Exchange Program of The Pikes Peak REALTOR(R) Services Corp. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

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. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.

Data is updated as of 12/7/2025.

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224 N Prospect Street

Multi-Family Home for sale in Colorado Springs, CO

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