$550,000

505 W Bijou St, Colorado Springs, CO 80905

3 beds |
2 baths |
1,838 sqft

Single-Family Home
Built in 1904
4,792sqft lot
4 car garage
$299/sqft
Listed 14 days ago

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.

Listing Status:: Active
Data Last Updated:: May 20, 2026 at 5:23AM
Listing Office:: Colorado Homestead Realty : elizabeth-reeder@outlook.com,720-231-8097
Listing Agent:: Elizabeth Reeder : 720-231-8097
MLS ID:: 4017568

General: Eat-in Kitchen
Appliances: Self Cleaning OvenDishwasherRefrigeratorMicrowaveFire Alarm
Basement: PartialUnfinishedCrawl Space
Heating: Forced Air
Eco/Green Feature: Windows

Other Structures: Patio
Parking: Off Street

Roofing: Composition
General: FrameStuccoTwo

Originating MLS: ires
School District: Colorado Springs 11
County: El Paso

Zoning: R-2

Utilities: Electricity Available
Water: City
Sewer: Public Sewer

Source: ires
Exclusions: Staging and personal property.

This listing courtesy of Elizabeth Reeder , Colorado Homestead Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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