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505 W Bijou Street, Colorado Springs, CO, 80905

Image Count: 32

$550,000

  • Highlights
  • Income
  • Duplex
  • 505 W Bijou Street, Colorado Springs, CO, 80905 listed by Elizabeth Reeder
  • Active
  • MLS#: 7889794
  • Tour #1
  • View on Map
Space maker

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.

Property Listed By

Picture of REALTOR Listing Property
  • Elizabeth Reeder
  • 7908-132-027  Call the Agent 
Picture of Office Listing Property
  • MB - Colorado Homestead Realty
  • 0001-008-303  Call the Agent 

Property Details

    General Features

  • Property Type: Duplex
  • Year Built: 1904
  • County: El Paso
  • School District: Colorado Springs 11
  • List Price: $550,000

    Unit Information

    Beds Baths Parking Rent SqFt
    2 1 $1,800 1,058
    1 1 $1,300 780
  • Total Units: 2
  • Total Rent: $3,100

    Structure

  • Foundation: Crawl Space, Partial Basement
  • Structure: Framed on Lot
  • Construction Status: Existing
  • Siding: Stucco
  • Window Type: Vinyl

    Features

  • Heating: Forced Air
  • Laundry: Electric Hook-up
  • Appliances: Dishwasher, Microwave Oven, Oven, Range, Refrigerator, Self Cleaning Oven

    Taxes, Utilities, Lot

  • Tax: $1,752
  • Lot Size: 0.11 Acres, 5,000 SqFt
  • Appliances: Dishwasher, Microwave Oven, Oven, Range, Refrigerator, Self Cleaning Oven
  • Laundry: Electric Hook-up
  • Heating: Forced Air
  • Existing Water: Municipal
  • Existing Utilities: Electricity Connected, Natural Gas Connected
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          505 W Bijou Street, Colorado Springs, CO, 80905

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          Disclaimer: 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.