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520 Prairie Road, Colorado Springs, CO 80909

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For Sale

$300,000

2 beds • 1 baths • 744 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • Newly Listed
    Time on Century 21

  • $403.23
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Incredible Potential with R5 Zoning A Rare Opportunity! Discover the endless possibilities of this 2-bedroom, 1-bath ranch home, perfectly situated on a spacious .17-acre lot with highly desirable R5 zoning, allowing for multi-unit high development. Whether you are an investor seeking your next project or a homeowner looking to maximize your property s potential, this property is a true gem. The cozy home features updated vinyl windows, allowing for plenty of natural light, and a functional layout designed for comfortable living. The bathroom is conveniently accessible from both the laundry room and the primary bedroom. Step outside to an oversized lot with room for RV parking, a firepit area, and endless opportunities for landscaping or additional improvements all with the freedom of no HOA restrictions. At the rear of the lot, you ll find a detached two-car garage with an attached workshop, offering a perfect space for hobbies or storage. The alley access provides added convenience and flexibility for future uses. Located in a prime area within walking distance to schools, restaurants, and the Olympic Training Center, this property boasts accessibility to everything you need. Additionally, its proximity to public transportation makes it an excellent choice for commuters or tenants. The R5 zoning opens the door to a multitude of possibilities, including creating a multi-unit development or adding an accessory dwelling unit (ADU) to generate additional income. Opportunities like this don t come around often! Whether you're envisioning a single-family home with space to grow or a multi-unit income-generating property, this home is ready for your vision. With its unbeatable location, zoning flexibility, and thoughtful features, it s a must-see for anyone looking to invest in the future. Don t let this opportunity pass you by schedule your showing today and explore everything this property has to offer!
MLS# 8626193

Courtesy Of eXp Realty, LLC

(888) 440-2724

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Exterior Type
    Stucco
  • Lot Size
    0.17 Acres

Map and Directions

Directions to 520 Prairie Road, Colorado Springs, CO 80909

Home seller CENTURY 21 Altitude Real Estate

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Altitude Real Estate

(720) 221-1700
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Copyright © 2025 Pikes Peak Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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. Information being provided is 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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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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