Well-maintained investment property in a proven rental location just minutes from CSU, shopping, restaurants, and transit. The 4-bedroom, 2-bath tri-level offers a functional floor plan, attached garage, off-street parking, and a separate exterior entrance to the lower level, supporting strong tenant appeal. Property is leased through May 2027 at $2,895/month with tenants paying all utilities. Consistent rental history with little to no vacancy and strong pre-leasing demand make this a stable, turnkey investment.
Prospect-Shields, located between College Avenue and Shields Street, is a residential and campus-adjacent Fort Collins neighborhood with mature tree-lined blocks and a steady bike-and-bus rhythm. The neighborhood’s character concentrates around the College Ave & Prospect Rd crossroads, where patios, late-night bites, and storefronts track the CSU pulse. Architectural cues lean mid-century ranches and tidy postwar cottages, with pockets of newer infill near major corridors. Spring Creek Trail and nearby greenbelts shape daily routes for walking and cycling. Community pillars include The Lyric, The Emporium: An American Brasserie, and Mugs Old Town.
Provided by Walk Score and Local Logic
Offer insights
1321 Springfield Dr · $495,000
$494K and above
75% chance or better to win
Why $494K+ is a strong offer
DAYS ON MARKET
87 days
The average home goes pending in 45 days.
SALE-TO-LIST
98.2%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Separate dining room
Window coverings
Fire alarm
Bedrooms
4 bedrooms
Bathrooms
2 bathrooms
Kitchen
Electric range
Dishwasher
Refrigerator
Garbage disposal
Laundry & utility
Washer
Dryer
Flooring
Wood
Heating & cooling
Forced air heating
Ceiling fan(s)
Exterior features
Corner lot
Deciduous trees
Paved with curbs and sidewalks
Fenced yard
House faces north
City street frontage
Asphalt road
Home design
Tri-level
Single family residence (residential income)
Not new, previously owned
Zoned RL
Construction
Frame construction
Composition roof
Utilities
City water (meter installed)
Public sewer
Natural gas available (Xcel)
Electricity available
Trash service by Republic
HOA & community
No association fee
Financial info
Gross income: $34,740
Net operating income: $29,778
Income includes lease/rents
Tenant pays deposit, gas, electricity, water, sewer, and trash collection
Electricity and solar
View estimated energy costs and solar savings for this home
3 bedroom tri-level located within walking distance to CSU campus, restaurants and shopping. Home features new carpet and a large back yard with mature trees. There is a separate outside entrance to the lower level family room. Cooktop, oven, dishwasher, refrigerator, washer and dryer all included. Close to Old Town and campus makes this location ideal.
Year
Property tax
Land + Additions
Assessment*
2025
$3,096 (+6.5%)
$6,250 + $24,819
$31,069
2024
$2,908 (+5.1%)
$6,250 + $24,819
$31,069
2023
$2,767 (+24.0%)
$6,700 + $27,289
$33,989
2022
$2,231 (−1.0%)
$6,700 + $27,289
$33,989
2021
$2,254 (+12.8%)
$6,950 + $16,673
$23,623
2020
$1,998 (−0.4%)
$7,150 + $17,153
$24,303
2019
$2,007 (+0.8%)
$7,150 + $14,207
$21,357
2018
$1,990 (+0.3%)
$7,150 + $14,207
$21,357
2017
$1,984 (+21.7%)
$7,200 + $14,638
$21,838
2016
$1,630 (+19.0%)
$7,200 + $14,638
$21,838
2014
$1,370 (+99.8%)
$3,180 + $11,840
$15,020
2013
$686 (+1.1%)
$3,180 + $11,840
$15,020
2012
$678 (−48.6%)
$3,340 + $11,210
$14,550
2011
$1,321 (−3.9%)
$3,340 + $11,210
$14,550
2010
$1,374 (+3.6%)
$3,340 + $11,210
$14,550
2009
$1,327
$4,260 + $11,070
$15,330
Public record
Public record
Zoning
Permits
Beds
3
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
8,727 Sq. Ft.
Year renovated
1960
Finished Sq. Ft.
1,416
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,416
Year built
1960
Style
Single Family Residential
County
Larimer County
APN
R0086029
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 30, 2026.
RL
Low Density Residential District
The Low Density Residential District designation is intended predominantly for single-unit dwellings, complementary accessory uses, and supportive neighborhood uses located throughout the City
Permitted uses
Include but are not limited to:
Community / recreation center
Day care facility
Educational/school
Feb 27, 2013 • Final
Residential mechanical
Remove the existing furnace and install a new furnace.
HVAC
Nov 12, 2009 • Final
Residential roofing
Remove existing roofing materials to the decking and reroof with shingles. Provide required attic ventilation.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
3/10 Heat Factor
7 days above 91° expected this year, 18 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
13 unhealthy days expected this year, 13 days in 30 years
Provided by First Street
Historical weather
Fort Collins, CO • 80521
Average low and high temperatures (°F)
43
17
51
22
63
35
63
36
70
44
82
54
90
60
84
57
77
50
68
40
54
29
52
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 28% for direct sun exposure in Fort Collins. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
5.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1321 Springfield Dr
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $447,000 and $675,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $447K to $675K.