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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 tyler.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

Agent Name: Tyler Carr
Agent Phone: (719) 205-6004
Agency Title: The Cutting Edge, Realtors

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

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 05/15/2026. The listing information on this page last changed on 05/15/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 05/15/2026 4:19:34 AM EST) or Metrolist - RECOLORADO by MLSGRID (last updated Thu 05/14/2026 11:34:39 PM EST) or elevate MLS (last updated Thu 05/14/2026 12:16:53 PM EST) or Pueblo MLS (last updated Fri 05/15/2026 12:44:08 AM EST). Real estate listings held by brokerage firms other than The Cutting Edge, Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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