505 W Bijou Street, Colorado Springs, CO 80905 (MLS # 7889794)

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PRICE $525,000 dsIDX morgage calculator
BEDS 3
BATHS 2
HOME SIZE 2,374 sqft
LOT SIZE 5,001 sqft

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.

DAYS ON MARKET 54 LAST UPDATED 6/25/2026
YEAR BUILT 1904 COMMUNITY Parrishs
COUNTY El Paso STATUS Active
PROPERTY TYPE(S) Multi Family

PRICE HISTORY
Prior to Jun 25, '26 $550,000
Jun 25, '26 - Today $525,000


ADDITIONAL DETAILS
AIR None
APPLIANCES Dishwasher, Microwave, Oven, Range, Refrigerator, Self Cleaning Oven
AREA Parrishs
BASEMENT Crawl Space, Partial
CONSTRUCTION Frame, Stucco
HEAT Forced Air
LOT 5001 sq ft
TAXES 1752
UTILITIES Electricity Connected, Natural Gas Connected, Natural Gas Available
WATER Public
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Listing provided by: MB - Colorado Homestead Realty, 3038001000
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