505 W Bijou Street, Colorado Springs, CO 80905

$550,000
  • 505 W Bijou Street, Colorado Springs, CO 80905 Main Photo

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Active
BEDS0 BATHS0.0 MLS#7889794
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONParrishs

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.

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 $550,000. Search Colorado Springs real estate on www.thecuttingedgerealtors.com today.

Property Features

Property Type: Multi Unit - Multiple
Fireplaces: None
Home Style: Duplex
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: 8
Existing Utilities: Electricity Connected, Natural Gas Connected
Exterior: Stucco
Laundry Facilities: Electric Hook-up
Parking Spaces: 4
Units: 2
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

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Estimated Payment

$ 3,015.57 per month $2,709.16 Principal & Interest $146.00 Property Tax $160.42 Homeowner's Insurance

Change Payment Information

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(Payments are an estimate and may vary by lender)

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

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