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.