505 W Bijou Street, Colorado Springs, CO 80905
Parrishs · El Paso County
Key Facts
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.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Structure Type
Duplex
Year Built
1904
Living Area
2,374 sq ft
Lot Size
0.11 acres
Parking Spaces
4
Ownership
Individual
Zoning
R-2
Days on Market
50
MLS® Listing#
4017568
Property Features
Interior
Appliances
Cooling
Heating
Flooring
Basement
Patio
Construction
Roof
Windows
Security
Utilities
Sewer
Water Source
Rooms
- Upper
- Main
- BedroomUpper
- BedroomMain
- BedroomMain
- Family RoomMain
- Family RoomUpper
- KitchenMain
- KitchenUpper
- LaundryMain
Schools
- Elementary:
- West
- Middle:
- West
- High:
- Coronado
Financial Details
HOA
None
Annual Taxes
$1,752
Tax year 2025
Parcel Number
74131-14-004
Affordability Calculator
$105,000
Estimated monthly payment
$2,794/mo
Principal $420,000 · Est. interest $585,937 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Colorado Springs, CO
- $522,120
- Median Listing Price
- 67
- Median Days on Market
- 2,005
- Median Sq Ft
- $249
- Median Price / Sq Ft
- 5,930
- Active Listings
- This home’s price is 1% above the area median.
- Its price per sq ft is 11% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Colorado Springs, CO.
Location
Points of Interest in Colorado Springs, CO
Showing the Colorado Springs area map.
Nearby Schools
Buena Vista Elementary School
Elementary · 0.3 mi away
Bristol Elementary School
Elementary · 0.6 mi away
Samaritan CNSLNG & Edctn Ctr of the
School · 0.7 mi away
Palmer High School
Secondary · 0.7 mi away
Giving Tree Montessori School
Elementary · 1.0 mi away
Community Prep School
Secondary · 1.0 mi away
West Middle School
Secondary · 1.1 mi away
West Elementary School
Elementary · 1.1 mi away
Pikes Peak Prep
Elementary · 1.2 mi away
Ruth Washburn Cooperative Nursery School
Elementary · 1.3 mi away
North Middle School
Elementary · 1.4 mi away
Columbia Elementary School
Elementary · 1.4 mi away
Colorado School for the Deaf and Blind
School · 1.4 mi away
Midland Elementary School
Elementary · 1.5 mi away
Production Printing
School · 1.5 mi away
Golden Mountain Montessori
Elementary · 1.6 mi away
Steele Elementary School
Elementary · 1.7 mi away
Ivywild School
School · 1.8 mi away
Taylor Elementary School
Elementary · 1.9 mi away
The University School
School · 1.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2915 Hayman Terrace, Colorado Springs, CO | $367,500 | 3 | 1 | 1,826 |
| 2067 Bristlecone Drive, Colorado Springs, CO | $367,900 | 3 | 3 | 1,718 |
| 5230 Bradley Circle, Colorado Springs, CO | $369,000 | 3 | 2 | 1,252 |
| 5230 Bradley Circle, Colorado Springs, CO | $369,000 | 3 | 2 | 1,852 |
| 5428 Anna Lee Way, Colorado Springs, CO | $369,000 | 2 | 1 | 960 |
| 3469 Trenary Lane, Colorado Springs, CO | $369,000 | 3 | 4 | 1,996 |
Moving Cost Estimate
EXIT Agents in Colorado Springs
Listing Courtesy: Colorado Homestead Realty - elizabeth-reeder@outlook.com,720-231-8097
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