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Occupied Duplex with Garage
New
For Sale
$430,000

227 S Prospect Street, Colorado Springs, CO 80903

The property includes individual laundry appliances, ample parking, and a large garage.

Property SizeContact for details
Days on Market7

Property Features for 227 S Prospect Street

General Information

Standard status Active
Property subtype Multi Family
Occupancy 100%

Units

Unit Mix 1 x 3BR, 1 x 2BR
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $1,476

Amenities

washer and dryer
garage

Building Details

Year Built 1958
Listing Agency: Highest Point Inc
Listed By: Aaron Brewster GRI
Source: Exitrealty
Added: Aug 7 Changed: Aug 12 Last Checked: Aug 12 at 4:27AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Highest Point Inc

Investment Insights

Based on property information with market context.

This duplex, built in 1958, is fully occupied and contains two residences. The main-level unit has 3 bedrooms, while the bottom-level unit has 2 bedrooms. Each residence includes its own washer and dryer, and the property offers ample parking along with a large garage.

Located at 227 S Prospect Street in Colorado Springs, the property is near parks and trails. The existing two-unit configuration and separate laundry equipment provide a straightforward residential income property setup.

Key Highlights

  • Fully occupied duplex with a 3‑bedroom main‑level unit and 2‑bedroom bottom‑level unit
  • Each residence includes its own washer and dryer
  • Large garage and ample parking

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Garden Center Pet Store & Service Kitchen & Bath Showroom Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,280
Businesses Nearby

Demographics for 80903, CO

15,944
Population
8,340
Households
1.9
Avg Household Size
34
Median Age
39%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$59,292
Median Household Income
$35,251
Median Earnings
$1,221
Median Rent
$420,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - The property includes individual laundry appliances, ample parking, and a large garage.
Where is this duplex located?
The property is located at 227 S Prospect Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Fully occupied duplex with a 3‑bedroom main‑level unit and 2‑bedroom bottom‑level unit; Each residence includes its own washer and dryer; Large garage and ample parking
More about this property
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