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.
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
Estimated Payment
$ 3,015.57 per month $2,709.16 Principal & Interest $146.00 Property Tax $160.42 Homeowner's Insurance
505 W Bijou Street | MLS# 5847747
This single family home located at 505 W Bijou Street, Colorado Springs, CO 80905 is currently listed for sale with an asking price of $550,000. This property was built in 1904 and has 3 bedrooms with 2374 sq. ft. W Bijou Street is located in the Parrishs subdivision. Search Parrishs real estate on tyler.thecuttingedgerealtors.com today.