Prospect Lake Homes with Partial Basement

Welcome to Prospect Lake, a hidden gem nestled in the heart of Colorado Springs, Colorado. This picturesque neighborhood is renowned for its serene atmosphere and stunning natural beauty, making it an ideal place for families, retirees, and outdoor enthusiasts alike. With its proximity to the majestic Rocky Mountains and the tranquil waters of Prospect Lake, residents enjoy a perfect blend of adventure and relaxation.

Prospect Lake is characterized by its charming tree-lined streets and a welcoming sense of community. The neighborhood boasts a variety of homes, many featuring partial basements that provide extra space for storage, recreation, or even a cozy home office. These versatile spaces can be tailored to meet your lifestyle needs, whether you're looking for a playroom for the kids or a peaceful retreat for hobbies.

Living in Prospect Lake means easy access to a wealth of outdoor activities. Spend your weekends kayaking on the lake, hiking nearby trails, or enjoying a picnic in one of the local parks. The neighborhood is also conveniently located near schools, shopping centers, and dining options, ensuring that everything you need is just a stone's throw away.

With its inviting atmosphere and beautiful surroundings, Prospect Lake offers a unique opportunity to experience the best of Colorado living. Whether you're searching for your first home or looking to downsize, this neighborhood has something for everyone. Come discover the charm of Prospect Lake, where your dream home awaits!

Newest Prospect Lake Homes with Partial Basement

$270,000

2 Beds ⋅ 1 Baths ⋅ 7781583 MLS

Original hardwood flooring on main level. 2 bedrooms 1-bathroom zoned R2.

728 Prospect Lake Dr, Colorado Springs

$379,900

6194336 MLS

**Take advantage of a $5,000 Seller Credit at closing to help reduce your upfront costs or buy down your interest rate!** Rare income opportunity near downtown Colorado Springs! This ranch bungalow features two separate living spaces, including a full apartment in the lower level with a great rental history. Rent both units, house hack by living in one and renting the other, or accommodate extended family while keeping income flexibility. The main-level unit offers two bedrooms, a three-quarter bath, a bright living room with a charming window seat, a dining area, and a kitchen with stainless steel appliances and ample cabinet space. A covered front porch adds curb appeal and tenant appeal. The lower-level apartment has its own separate entrance, a bedroom, a bathroom, and a kitchenette, giving occupants of both units privacy and independence. Investors will appreciate the low-maintenance stucco exterior and the desirable R-2 zoning. Alley access, abundant off-street parking, and RV parking reduce parking concerns for multiple households. The fully fenced yard and a separately fenced patio with a hot tub add amenities that help attract and retain quality tenants. Location drives rental demand, and this one delivers. Memorial Park is a short walk away with trails, Prospect Lake, playgrounds, the annual Balloon Festival, and Fourth of July fireworks, while downtown dining, shopping, entertainment, and employment are just minutes away. Whether you're building a portfolio, offsetting your own mortgage, or planning for multi-generational living, this property offers flexibility, income potential, and a central location that's hard to find. Schedule your showing today!

713 S Sheridan Ave, Colorado Springs

$379,900

3 Beds ⋅ 2 Baths ⋅ 8398236 MLS

**Take advantage of a $5,000 Seller Credit at closing to help reduce your upfront costs or buy down your interest rate!** Live in one, rent the other! This charming ranch bungalow near downtown Colorado Springs and Memorial Park includes a full apartment in the lower level, offering rental income to help offset today's interest rates or an ideal setup for multi-generational living. The main level welcomes you with a covered front porch and a bright living room that flows into the dining area, complete with a charming window seat and abundant natural light. The kitchen offers stainless steel appliances, ample cabinet space, and a functional layout. Two bedrooms, including the primary, and a three-quarter bath complete the main floor. Downstairs, the private apartment features its own separate entrance, a bedroom, a bathroom, and a kitchenette, giving tenants or extended family true independence and privacy. This low-maintenance stucco home sits on a desirable R-2 lot with alley access, abundant off-street parking, and RV parking. The fully fenced yard offers room to relax, entertain, or expand, while a separately fenced patio with a hot tub creates a private retreat. Stroll to Memorial Park for trails, Prospect Lake, playgrounds, the annual Balloon Festival, and Fourth of July fireworks, with downtown dining, shopping, and entertainment just minutes away. A legal rental apartment, income potential, and an unbeatable central location. Opportunities like this don't come along often. Schedule your showing today!

713 S Sheridan Ave, Colorado Springs

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