$1,050,000
409 East Prospect Road, Fort Collins, Colorado 80525, United States
Remodeled 4BR/3BA near CSU with ADU potential and detached office
4
Beds
3
Baths
2,648
Sq Ft
1941
Built
0.26 acres
Lot
2-car detached
Garage
This is not a typical bungalow — 409 East Prospect Road pairs classic 1941 craftsmanship with thoughtful modern upgrades and a rare, flexible footprint just half a mile from Colorado State University. From the street you’ll notice the generous 0.26-acre lot and expansive driveway that can hold up to ten cars; step inside to refinished hardwood floors and a remodeled main level where a high-end kitchen anchors everyday life. Recent work includes a newly added bathroom and a kitchen renovation designed for durability and everyday comfort.
Downstairs, the finished basement changes the conversation about use and value: it has its own private entrance, full kitchen, laundry, and independent heating. That configuration supports multigenerational living, long-term rental, short-term stays, or a separate work/live arrangement without sacrificing privacy. On the garage level, a two-car detached structure has been finished into an office space — perfect for remote work, clients, or a studio — while the lot’s greenhouse and thriving garden offer berries, Colorado cherries, and room to expand hobby gardening.
Practical systems include forced-air heating, ceiling fans, and a tile roof, and the home’s wood-frame construction has been maintained in good condition. LMN (Low Density Mixed-Use Neighborhood) zoning creates optionality: accessory dwelling unit (ADU) potential gives investors and expanding families a clear path to add value. The property’s location is hard to overstate: 0.5 miles to CSU, 1.5 miles to Historic Old Town Fort Collins, and moments from Spring Creek Trail and neighborhood parks.
Offered at $1,050,000, the house balances move-in readiness with strategic upside. Buyers should note the home’s 1941 origin — while it has been thoughtfully renovated, older homes can have deferred maintenance items to address. Whether you are drawn to the separate-living basement, the detached office garage, the urban-adjacent garden, or the development possibilities under LMN zoning, this property is a compelling blend of character and contemporary utility. Contact the listing agent to schedule a tour and review inspection and permit records for the recent renovations.
Old Prospect combines residential calm with immediate access to university life and Old Town’s restaurants and events. The block-level feel is anchored by mature yards, bike-friendly streets, and proximity to Spring Creek Trail for daily recreation. Families value nearby O'Dea Elementary and Fort Collins High, while students and faculty appreciate easy walks to campus. Local weekend routines often include farmers markets, coffees in Old Town, and trail runs, offering an urban-adjacent lifestyle without dense congestion.
Fort Collins near CSU remains a seller-favored market: inventory sits around 2.5 months, average days on market about 30, and neighborhood median sale prices near $500,000. Short-term trends show modest appreciation (approximately 5% year-over-year and roughly 25% over five years) as demand concentrates on walkable, university-adjacent neighborhoods. Single-family homes with independent living spaces—finished basements, ADU potential, or detached studio/offices—are especially sought after because they deliver rental flexibility and lifestyle separation for multi-generational households. Recent comparable sales within a mile include smaller, updated homes in the mid-$400k range and outliers in the higher end; these underscore that lot, finished square footage, and permitted updates drive wide price dispersion. For buyers, limited supply means competitive offers are common; for sellers, properties with income potential or development upside (like LMN-zoned lots) often achieve premiums. Given this home’s finished basement with private entrance, detached office, greenhouse, and proximity to CSU and Old Town, it occupies a strong position in the current market. Verify permits and systems during due diligence; buyers who move quickly with pre-approval or proof-of-funds will be the most competitive.
O'Dea Elementary School
Elementary
Lesher Middle School
Middle
Fort Collins High School
High
Excellent trail access with Spring Creek Trail 0.3 miles away, Edora Park within 1.2 miles, easy bike access to Old Town, and campus recreation amenities nearby.
409 East Prospect Road is a 4-bedroom, 3-bathroom home built in 1941 with 2,648 SF of living space on a 0.26-acre lot in Fort Collins' Old Prospect neighborhood. The property features a beautifully remodeled main level and kitchen, refinished hardwood floors, and a newly added bathroom. The finished basement, complete with a private entrance, kitchen, laundry, and independent heating, offers versatile living options suitable for multigenerational living, short-term rental, or a home business. The detached two-car garage includes a finished office space, and the expansive 10-car driveway provides ample parking. Additional outdoor features include a greenhouse and a vibrant garden with berries and Colorado cherries. The property's proximity to Colorado State University (0.5 miles) and Historic Old Town Fort Collins (1.5 miles) offers easy access to the city's best restaurants, shops, and local events, all while enjoying the peace of a spacious private lot. The Low Density Mixed-Use Neighborhood (LMN) zoning allows for flexible use, including potential for an accessory dwelling unit (ADU). The current listing price of $1,050,000 reflects the property's unique features, recent renovations, and prime location. Comparable properties in the area support this valuation, with similar homes listed and sold in the $1,000,000 to $1,100,000 range. The Fort Collins real estate market remains strong, characterized by limited inventory and steady appreciation, particularly in neighborhoods near CSU and Old Town. This property represents a unique opportunity to own a versatile, updated home in a highly desirable location with potential for additional income through rental opportunities or ADU development.
Versatile, updated home in a prime Fort Collins location with potential for additional income through rental opportunities or ADU development. Strong market conditions and proximity to CSU and Old Town enhance investment appeal.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$1000K
Midpoint
$1050K
High
$1100K
$396.53/SF estimated price per square foot
Sales comparison approach using recent listings and sales in the area. Adjusted for property size, condition, and unique features. Income approach considered due to potential for rental income from finished basement and ADU potential.
As of 2026-03-06
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Fort Collins has experienced steady population growth and economic development, contributing to a robust real estate market.
Proximity to CSU and Old Town Fort Collins offers access to educational, cultural, and recreational amenities. Nearby parks and trails enhance outdoor lifestyle opportunities.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$92.52/SF
Public record sale
Looking to buy or sell? Connect with a licensed local agent who knows this area.
Request a ShowingYour inquiry will be connected with a licensed local real estate professional through our brokerage partner.
No agency is currently featured for this market. Join the CompCasa Local Partner Program to get your brokerage placed on property pages like this one.
Learn About the Partner ProgramCompCasa is a marketing and technology platform. All brokerage services are provided by licensed partners.