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2 Beds
1 Bath
750 sqft

$257,770

519 Prairie Road, Colorado Springs CO, 80909

Price per sqft$343.69
Built in1935
Property size750 sqft
Property typeResidential
Listed by Jaclyn Peterson, Exp Realty LLC Listing Contact: 888-440-2724

Overview

Coming soon

Listed Oct 29, 2026

Updated 2 days ago

**Two Residences, R-5 Zoning & Redevelopment Potential!** Calling all investors, builders, and visionaries! This unique property features two separate single-family residences on one lot, offering a variety of possibilities for the right buyer. The existing homes include a 2-bedroom, 1-bath residence and a separate 1-bedroom, 1-bath residence, along with two storage sheds. Previously used as a rental property with separate tenants, the lot features fencing that divides the two living areas, with gated access to each side. Looking beyond the existing structures? The seller previously rezoned the property to R-5 with plans to develop a multifamily residence, and those plans are available for interested buyers to review. Explore the potential to renovate the existing homes, continue investigating the property's rental possibilities, or pursue a future redevelopment project, subject to applicable zoning requirements, due diligence, and necessary approvals. This property presents an opportunity for buyers willing to put in the work and envision what this site could become. The property and existing structures are being sold in their present condition. Buyers are encouraged to independently verify zoning, permitted uses, rental requirements, development potential, and the feasibility of any proposed improvements. Bring your vision and explore the possibilities this property has to offer!

$1,715/mo

Est. mortgage payment based on a $257,770 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
8230813

Interior Features

Bedrooms
2
Bathrooms
1
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.17 Acres

Other Property Details

Taxes
$801
Tax Frequency
Annually
Garage
Yes
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Listed by Jaclyn Peterson, Exp Realty LLC Listing Contact: 888-440-2724

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 d/b/a elevateMLS.

Data Last Updated: 10/30/2026

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