Property
ActiveResidential
1/32
$525,000

505 W Bijou Street

Colorado Springs, CO 80905
3
Beds
2
Baths
2,374
SqFt
0.11
Acres
RECOLORADO
#8860481
Updated: Jun 26, 2026, 12:30am

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.
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Included Appliances
DishwasherMicrowaveOvenRangeRefrigeratorSelf Cleaning Oven

Property Details

Interior
Above Grade Finished Area
1838
Appliances
DishwasherMicrowaveOvenRangeRefrigeratorSelf Cleaning Oven
Basement
Crawl SpacePartialUnfinished
Below Grade Unfinished Area
536
Building Area Total
2374
Cooling
None
Flooring
TileVinyl
Heating
Forced Air
Interior Features
Smoke Free
Living Area
1838
Security Features
Carbon Monoxide Detector(s)Smoke Detector(s)
Construction
Also Marketed As
Residential Income
Architectural Style
Traditional
Building Area Source
Public Records
Construction Materials
FrameStucco
Levels
Two
Out Building Count
2
Property Condition
Updated/Remodeled
Roof
Composition
Structure Type
Duplex
Year Built
1904
Site & Exterior
Lot Size Acres
0.11
Lot Size Area
5000
Lot Size Square Feet
5000
Lot Size Units
Square Feet
Offstreet Spaces
4
Parking Total
4
Patio And Porch Features
CoveredFront Porch
Sewer
Public Sewer
Utilities
Electricity ConnectedNatural Gas Connected
Utility Billing To Tenants
Direct Billing from UtilitySeparate Bill from Owner
Utility Metering
Common GasCommon WaterSeparate Electric
Water Source
Public
Zoning
R-2
Financials
Contract Earnest Check To
Land Title
Contract Min Earnest
6000.00
Exclusions
Staging and personal property.
Owner Pays
GasTrash CollectionWater
Ownership
Individual
Parcel Number
74131-14-004
Special Listing Conditions
None
Tax Annual Amount
1205
Tax Legal Description
N 100 FT OF LOT 7 BLK 3 PARRISHS ADD COLO SPGS
Tax Year
2024
Title Company
Land Title

Neighborhood & Lifestyle

Community & Association
Senior Community
No
Subdivision Name
Parrishs
Schools
Ratings
Elementary
West
Middle
West
High
Coronado
Elem. District
Colorado Springs 11
Middle District
Colorado Springs 11
High District
Colorado Springs 11
Listing provided courtesy of RECOLORADO via IDX. Updated: Jun 26, 2026, 12:30am.
Elizabeth Reeder

Listing Agent

Colorado Homestead Realty

Call Agent