505 W Bijou Street, Colorado Springs, CO 80905

$475,000
  • 505 W Bijou Street, Colorado Springs, CO 80905 Main Photo

32 Total Photos [Click to View All]

Active Price Reduced by $25,000 on August 19th, 2026
BEDS0 BATHS0.0 MLS#7889794
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONParrishs

Property Description

House Hack Opportunity ??? Live in One Unit & Rent the Other! Why settle for a single-family home when you can own a property that generates income? This beautifully remodeled duplex offers a rare opportunity for owner-occupants, investors, and multi-generational living in one of Colorado Springs' most convenient locations. Just minutes from Downtown Colorado Springs, Old Colorado City, Memorial Hospital, military bases, shopping, dining, and I-25, you'll enjoy both exceptional convenience and long-term investment potential. The main-level residence features 1,058 square feet with 2 bedrooms and 1 bathroom, showcasing modern finishes, updated fixtures, and a bright, functional floor plan. Upstairs, a 780-square-foot private apartment offers 1 bedroom, 1 bathroom, a full kitchen, and its own private exterior entrance, making it ideal for a long-term tenant, mid-term rental, guest suite, or private living space for extended family. Live in one unit while renting the other to help offset your monthly mortgage payment, or lease both units to maximize your income potential. With strong rental demand in central Colorado Springs, this property offers exceptional flexibility for a variety of investment strategies. Additional features include washer and dryer hookups in both units, off-street rear parking, and two storage sheds, all situated on a 5,000-square-foot lot. Whether you're purchasing your first investment property, taking advantage of a house-hack opportunity, or adding a turnkey duplex to your portfolio, delivers the versatility, location, and income potential that today's buyers are looking for. Opportunities to own a move-in-ready duplex with this level of flexibility at this price point are becoming increasingly difficult to find. Take a look today!

505 W Bijou Street | MLS# 7889794

This multi-family property located at 505 W Bijou Street, Colorado Springs, CO 80905 is currently listed for sale with an asking price of $475,000. Search Colorado Springs real estate on www.thecuttingedgerealtors.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: None
Fireplaces: None
Garage: 4
Heating: Forced Air
Lot Size: 0.11 Acres
Roof Type: Composite Shingle
Taxes: $1,752
Year Built: 1904

Feature Descriptions

Appliances: Dishwasher, Microwave Oven, Oven, Range, Refrigerator, Self Cleaning Oven
Basement/Foundation: Crawl Space, Partial Basement
Days on Site: 104
Existing Utilities: Electricity Connected, Natural Gas Connected
Exterior: Stucco
Laundry Facilities: Electric Hook-up
Sewer: Sewer
Water: Municipal

Listed By / Shown By

Listed By

Agency Name: MB - Colorado Homestead Realty
Agency Phone: 303-800-1000

Shown By

Agency Title: The Cutting Edge, Realtors
Agency Phone: (719) 999-5067

IDX logo

Estimate Your Payment

Estimated Payment

$ 2,624.27 per month $2,339.73 Principal & Interest $146.00 Property Tax $138.54 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Contact Laura Hemsworth & Lisa Ramsey Today! Phone: (719) 505-5561 Email: Laura@LoansWithMilestone.com

Login to My Homefinder

Register to View this Listing

Why Create an Account?

If you're searching for your next home, or just curious about the market there is no better tool to help you quickly find homes that meet your needs and wants.

With an account you can:

  • Save your favorite listings
  • Save searches with your important parameters
  • Be emailed about new listings that meet your criteria
  • Be notified of changes to your saved listings such as a price reduction or when a property goes off the market
  • Keep track of homes you have recently viewed

Sign Up Today

At least 6 characters with one uppercase, one lowercase, and one number. Leave empty to use phone as password.

Already have an account? Sign in here.

Forgot your password?