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720 S Prospect Street, Colorado Springs, CO, 80903

Image Count: 24

$519,900

  • Highlights
  • Income
  • Duplex
  • 720 S Prospect Street, Colorado Springs, CO, 80903 listed by Jacob Mueller
  • Active
  • MLS#: 7488040
  • View on Map
Space maker

Property Description

Turnkey Duplex with Mountain Views and Strong Income Potential Seize this rare opportunity to own a fully remodeled, turnkey duplex, just minutes from vibrant downtown! Set against a serene mountain backdrop, this versatile property offers two fully independent units, each with private exterior entrances—ideal for maximizing rental income, house-hacking, or multigenerational living. Both units have been thoughtfully updated, featuring modern kitchens, stylish baths, fresh interiors, and mountain views from many rooms. Each side offers spacious bedrooms, contemporary finishes, and move-in ready appeal. Step outside to a sprawling backyard with alley access—perfect for tenant enjoyment, additional parking, or future development potential such as a garage or RV pad. Extensive upgrades include: new interior and exterior paint, dual furnaces, dual AC units, hot water heaters, updated electrical and plumbing, energy-efficient windows, kitchen cabinets, countertops, flooring, vanities, added insulation, and modern lighting. All the costly capital improvements have already been done, making this a true low-maintenance asset for years to come. Whether you're looking to live in one unit and rent the other, or add a top-performing property to your portfolio, this duplex offers endless possibilities. Turnkey, income-producing, and nestled in a high-demand area—schedule your showing today!

Property Listed By

Picture of REALTOR Listing Property
  • Jacob Mueller
  • 5427-056-917  Call the Agent 
Picture of Office Listing Property
  • Renjoy Real Estate
  • 5427-056-917  Call the Agent 

Property Details

    General Features

  • Property Type: Duplex
  • Year Built: 1948
  • County: El Paso
  • School District: Colorado Springs 11
  • List Price: $519,900

    Unit Information

    Beds Baths Parking Rent SqFt
    2 1 $2,500 816
    1 1 $1,800 648
  • Total Units: 2
  • Total Rent: $4,300

    Structure

  • Foundation: Walk Out
  • Structure: Framed on Lot
  • Construction Status: Existing
  • Siding: Stucco
  • Window Type: Vinyl

    Features

  • Heating: Forced Air
  • Cooling: Central Air
  • Laundry: Electric Hook-up
  • Appliances: Dishwasher, Disposal, Dryer, Microwave Oven, Range, Refrigerator, Washer

    Taxes, Utilities, Lot

  • Tax: $1,398
  • Lot Size: 0.18 Acres, 7,698 SqFt
  • Appliances: Dishwasher, Disposal, Dryer, Microwave Oven, Range, Refrigerator, Washer
  • Laundry: Electric Hook-up
  • Heating: Forced Air
  • Cooling: Central Air
  • Existing Water: Municipal
  • Existing Utilities: Electricity Connected, Natural Gas Connected
          Disclaimer
          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.
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          720 S Prospect Street, Colorado Springs, CO, 80903

          Image 1 of 24: Single story home featuring a chimney, a shingled roof, fence, a porch, and

          Single story home featuring a chimney, a shingled roof, fence, a porch, and a front lawn

          Image 2 of 24: View of patio featuring outdoor dining space and a fenced backyard

          View of patio featuring outdoor dining space and a fenced backyard

          Image 3 of 24: Rear view of property featuring an outdoor living space with a fire pit, a

          Rear view of property featuring an outdoor living space with a fire pit, a shingled roof, fence private yard, and a patio area

          Image 4 of 24: Birds eye view of property

          Birds eye view of property

          Image 5 of 24: Living area with light wood finished floors

          Living area with light wood finished floors

          Image 6 of 24: Living room featuring light wood finished floors and baseboards

          Living room featuring light wood finished floors and baseboards

          Image 7 of 24: Dining room featuring light wood finished floors and visible vents

          Dining room featuring light wood finished floors and visible vents

          Image 8 of 24: Stairs with baseboards and wood finished floors

          Stairs with baseboards and wood finished floors

          Image 9 of 24: View of stairs

          View of stairs

          Image 10 of 24: Bedroom with light wood finished floors and baseboards

          Bedroom with light wood finished floors and baseboards

          Image 11 of 24: Bedroom featuring wood finished floors, visible vents, and baseboards

          Bedroom featuring wood finished floors, visible vents, and baseboards

          Image 12 of 24: Full bath with a shower stall and toilet

          Full bath with a shower stall and toilet

          Image 13 of 24: Laundry room featuring washer and dryer and cabinet space

          Laundry room featuring washer and dryer and cabinet space

          Image 14 of 24: Clothes washing area with washer and dryer and cabinet space

          Clothes washing area with washer and dryer and cabinet space

          Image 15 of 24: Living area with wood finished floors and baseboards

          Living area with wood finished floors and baseboards

          Image 16 of 24: Living area featuring wood finished floors and baseboards

          Living area featuring wood finished floors and baseboards

          Image 17 of 24: Kitchen featuring light wood-style flooring, a sink, appliances with stainl

          Kitchen featuring light wood-style flooring, a sink, appliances with stainless steel finishes, and white cabinetry

          Image 18 of 24: Kitchen with wood finished floors, stainless steel appliances, under cabine

          Kitchen with wood finished floors, stainless steel appliances, under cabinet range hood, white cabinets, and a sink

          Image 19 of 24: Kitchen with wood finished floors, stainless steel appliances, under cabine

          Kitchen with wood finished floors, stainless steel appliances, under cabinet range hood, white cabinets, and a sink

          Image 20 of 24: Bedroom featuring light wood-type flooring

          Bedroom featuring light wood-type flooring

          Image 21 of 24: Bedroom with wood finished floors and baseboards

          Bedroom with wood finished floors and baseboards

          Image 22 of 24: Bedroom with wood finished floors, visible vents, and baseboards

          Bedroom with wood finished floors, visible vents, and baseboards

          Image 23 of 24: Bedroom featuring stacked washer / drying machine, wood finished floors, an

          Bedroom featuring stacked washer / drying machine, wood finished floors, and baseboards

          Image 24 of 24: Bathroom featuring a wealth of natural light, toilet, and a shower with cur

          Bathroom featuring a wealth of natural light, toilet, and a shower with curtain

          Disclaimer: 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.