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505 W Bijou Street

Colorado Springs, CO 80905
  • $550,000
  • STATUS: Active
  • ON SITE: 5 Days
  • ID#: 8860481
New On Site 5 Days Ago
UPDATED: 57 min ago
$550,000
  • 3
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,374
    SQFT
  • $232
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1904
County:

School Information

Elementary School:
Middle School:
High School:
School District:
REcolorado logo Offered by Colorado Homestead Realty.

Description

Downtown Colorado Springs Income-Ready Remodel with Rare ADU Flexibility. Where lifestyle, location, and income potential meet—just minutes from downtown Colorado Springs and Old Colorado City. Completely remodeled and move-in ready, this rare dual-living property offers the perfect blend of modern comfort and investment opportunity in one of the city’s most walkable and desirable locations. The main level features 2 bedrooms and 1 bathroom across 1,058 sq ft, thoughtfully updated with a clean, modern aesthetic throughout. Upstairs, the fully finished 780 sq ft ADU offers a private 1-bedroom, 1-bath residence with its own separate exterior entrance and kitchen, making it ideal for rental income, multi-generational living, or a private guest suite. Together, both units create a flexible living setup rarely found this close to downtown—allowing homeowners to offset their mortgage or investors to operate a true duplex-style rental in a high-demand area. Set on a 5,000 square foot lot, the property includes off-street rear parking and two storage sheds, adding convenience and functionality that’s hard to find in this central location. Whether you’re looking to house hack, invest, or enjoy a fully updated home with built-in income potential, this property delivers unmatched versatility in a prime Colorado Springs corridor.

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Digital Millennium Copyright Act

Based on information submitted to the MLS GRID as of 2026-05-12T08:24:02.257 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

REcolorado logo © 2026 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

www.yourcoloradohomerealtor.com/homes/176190548
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505 W Bijou Street Colorado Springs, CO 80905

  • Price: $550,000
  • Status: Active
  • On Site: 5 Days
  • Updated: 57 min ago
  • ID#: 8860481
3
Beds
0
Baths
0
½ Baths
0.11
Acres
2,374
SQFT
$232
$/SQFT
1904
Built
Neighborhood:
Parrishs
County:
El Paso
Area:
Colorado Springs
Elementary School:
WEST
Middle School:
West
High School:
CORONADO
School District:
Colorado Springs 11
Property Description
Downtown Colorado Springs Income-Ready Remodel with Rare ADU Flexibility. Where lifestyle, location, and income potential meet—just minutes from downtown Colorado Springs and Old Colorado City. Completely remodeled and move-in ready, this rare dual-living property offers the perfect blend of modern comfort and investment opportunity in one of the city’s most walkable and desirable locations. The main level features 2 bedrooms and 1 bathroom across 1,058 sq ft, thoughtfully updated with a clean, modern aesthetic throughout. Upstairs, the fully finished 780 sq ft ADU offers a private 1-bedroom, 1-bath residence with its own separate exterior entrance and kitchen, making it ideal for rental income, multi-generational living, or a private guest suite. Together, both units create a flexible living setup rarely found this close to downtown—allowing homeowners to offset their mortgage or investors to operate a true duplex-style rental in a high-demand area. Set on a 5,000 square foot lot, the property includes off-street rear parking and two storage sheds, adding convenience and functionality that’s hard to find in this central location. Whether you’re looking to house hack, invest, or enjoy a fully updated home with built-in income potential, this property delivers unmatched versatility in a prime Colorado Springs corridor.
Exterior Features

Architectural Style Traditional Attached Garage YN No Carport Spaces 0 Construction Materials FrameStucco Lot Size Area 5000 Offstreet Spaces 4 Parking Total 4 Patio And Porch Features CoveredFront Porch Roof Composition Rv Spaces 0 Structure Type Duplex

Interior Features

Above Grade Finished Area 1838 Appliances DishwasherMicrowaveOvenRangeRefrigeratorSelf Cleaning Oven Basement Crawl SpacePartialUnfinished Basement YN Yes Below Grade Finished Area 0 Cooling None Flooring TileVinyl Heating Forced Air Interior Features Smoke Free Levels Two

Property Features

Association Fee Annual 0.00 Association Fee Total Annual 0.00 Association Fee2 Annual 0.00 Association Fee3 Annual 0.00 Association YN No Building Area Source Public Records Comparable Listing YN No Exclusions Staging and personal property. Green Verification Count 0 Listing Terms 1031 ExchangeCashConventionalFHAVA Loan Living Area Sq Ft 1838 Owner Pays GasTrash CollectionWater Ownership Individual Property Attached YN No Property Condition Updated/Remodeled Property Sub Type Duplex Restrictions Covenants YN No Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 1205 Tax Legal Description N 100 FT OF LOT 7 BLK 3 PARRISHS ADD COLO SPGS Tax Year 2024 Tenant Pays ElectricityInternet Utilities Electricity ConnectedNatural Gas Connected Water Source Public Zoning R-2

REcolorado logoListing courtesy of REcolorado as distributed by MLS GRID.
Listing courtesy of Colorado Homestead Realty:elizabeth-reeder@outlook.com,720-231-8097. MLS #8860481


Digital Millennium Copyright Act

Based on information submitted to the MLS GRID as of 2026-05-12T08:24:02.257 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

REcolorado logo © 2026 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

 
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