$6,828 Closing Credit¹
#5990959, Brian Boals, Listing office: RE/MAX Real Estate Group Inc
$484,900 List price
720 S Prospect St Colorado Springs, CO 80903
$5,758
Closing credit¹
3 beds
2 baths
0.2 acres
Multi-Family
Property details
About 720 S Prospect St
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!
Highlights
Home typeDuplex
HeatingForced Air
StatusActive
CoolingCentral Air
BasementYes
Lot size0.1767 Acres
Year built1948
MLS #7488040
Summary
- Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
- Basement: Yes
- Total Bedroom Count: 3
- Heating: Forced Air
- Cooling: Central Air
- List Price: $484,900
- Annual Tax Amount: $1,397
- Tax Year: 2023
- Year Built: 1948
- Lot Size: 0.1767 Acres
- MLS Number: 7488040
- Office Name: Renjoy Real Estate
- Office Phone: (719) 650-7245
- Listing Agent: Jacob Mueller
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.
Copyright © 2025 Pikes Peak Association of REALTORS® and PIKES PEAK REALTOR® Services Corp. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/18/2025, 8:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$484,900
720 S Prospect St
$5,758
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 18, 2022 | Home Sold | $425,000 |
| Nov 10, 2021 | Home Sold | $275,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $31,640 | $1,397 |
| 2022 | $14,300 | $800 |
| 2021 | $14,720 | $868 |
| 2020 | $11,710 | $794 |
| 2019 | $11,710 | $629 |
| 2018 | $8,580 | $596 |
| 2017 | $8,580 | $230 |
History based on county public records data.
Nearby schools
3
Columbia Elementary School
Public District PK-5
1.2 mi
•835 E Saint Vrain St
4
Stratton Meadows Elementary School
Public District PK-5
1.2 mi
•610 Brookshire Ave
3
Hunt Elementary School
Public District PK-5
1.2 mi
•2101 Manitoba Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $35,361. The most common annual income of people living in Colorado Springs, CO is less than $<35k. Most families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
50%
<35k
45%
35k-100k
6%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
67%
Single, No Kids
13%
Single, with Kids
12%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
5%
12-17 yrs old
31%
18-34 yrs old
38%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Banana Republic
Where do the neighbors go to eat?
Boston Market
White Castle
Popeyes
What do the neighbors drive?
Honda
Kia
Nissan
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
Jazz
All data provided by Home Junction and Claritas
Similar homes for sale
$5,700 Closing Credit¹
#5401089, Rachel Anne Pugia, Listing office: Acquire Homes Inc
$4,986 Closing Credit¹
#7801463, Fernando Gonzalez, Listing office: HomeSmart
Backup offers
$6,828 Closing Credit¹
#7701903, Austin Collins, Listing office: Venterra Real Estate LLC
Backup offers
$5,463 Closing Credit¹
#5125166, Jeff Gaddis CNE, Listing office: Progressive Property Group LLC
Frequently asked questions
About 720 S Prospect St
The listing price of 720 S Prospect St property is $484,900.
The property 720 S Prospect St is a multi located in Colorado Springs, Colorado, 80903.
Active Listing: 720 S Prospect St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 720 S Prospect St are: Columbia Elementary School (GreatSchools Rating 3/10), Stratton Meadows Elementary School (GreatSchools Rating 4/10), Hunt Elementary School (GreatSchools Rating 3/10), North Middle School (GreatSchools Rating 5/10), Mountain Vista Community School (GreatSchools Rating 6/10), Galileo School of Math and Science (GreatSchools Rating 2/10), Eastlake High School of Colorado Springs (GreatSchools Rating 1/10), Palmer High School (GreatSchools Rating 4/10), Community Preparatory Charter School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $1,397 (source: MLS/based on county public records data).
The last sale was on February 18, 2022 for $425,000 (source: MLS/tax record).
The year of construction for 720 S Prospect St is 1948.
This home is located at 720 S Prospect St in Colorado Springs, CO and zip code 80903 in the Central Colorado Springs neighborhood. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 28, 2025 and is currently priced at $484,900.
In May 2025, from all listings sold in Colorado Springs, CO there were more than 76 sold above asking price, over 122 sold below and more than 72 were sold right at the asked price. Between April and May 2025, Colorado Springs, CO real estate market has seen increase in the number of listings by 42.2%. In May 2025, listings were on the market for 40 days. During the same period, the median list price in this real estate market was $480,000.
From Rocket Homes Real Estate and based on county public records data.