505 W Bijou Street
Colorado Springs, CO, 80905 $ 475,000
Bedrooms3 Baths2.0 Sq 2,374 Monthly Estimate*
$ 2,999
Listed by Colorado Homestead Realty
for $475,000 with 3 bedrooms and 2 full baths. This 2,374 square foot home was built in 1904 on a lot size of 0.11.
House Hack Opportunity – Live in One Unit & Rent the Other! Why settle for a single-family home when you can own a property that generates income? This beautifully remodeled duplex offers a rare opportunity for owner-occupants, investors, and multi-generational living in one of Colorado Springs' most convenient locations. Just minutes from Downtown Colorado Springs, Old Colorado City, Memorial Hospital, military bases, shopping, dining, and I-25, you'll enjoy both exceptional convenience and long-term investment potential. The main-level residence features 1,058 square feet with 2 bedrooms and 1 bathroom, showcasing modern finishes, updated fixtures, and a bright, functional floor plan. Upstairs, a 780-square-foot private apartment offers 1 bedroom, 1 bathroom, a full kitchen, and its own private exterior entrance, making it ideal for a long-term tenant, mid-term rental, guest suite, or private living space for extended family. Live in one unit while renting the other to help offset your monthly mortgage payment, or lease both units to maximize your income potential. With strong rental demand in central Colorado Springs, this property offers exceptional flexibility for a variety of investment strategies. Additional features include washer and dryer hookups in both units, off-street rear parking, and two storage sheds, all situated on a 5,000-square-foot lot. Whether you're purchasing your first investment property, taking advantage of a house-hack opportunity, or adding a turnkey duplex to your portfolio, 505 W. Bijou Street delivers the versatility, location, and income potential that today's buyers are looking for. Opportunities to own a move-in-ready duplex with this level of flexibility at this price point are becoming increasingly difficult to find. Take a look today!
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FeaturesInteriorInterior Amenities Eat-in Kitchen Smoke Free
Basement Crawl Space Partial Unfinished
Flooring Tile Vinyl
Basement (Y/N) Y
Window Features Double Pane Windows
Above Grade Finished Area 1838
Half Baths 0
1/4 Baths 0
3/4 Baths 1
Total Bedrooms 3
Below Grade Finished Area 0
Main Level Bedrooms 2
Main Level Bathrooms 1
Total Baths 2
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GeneralSewer Public Sewer
Heating Forced Air
Cooling None
Utilities Electricity Connected Natural Gas Connected
Possession Closing/DOD
Roof Composition
Appliances Dishwasher Microwave Oven Range Refrigerator Self Cleaning Oven
Zoning R-2
Garage Spaces 0
Patio/Porch Features Covered Front Porch
Architectural Style Traditional
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Frame Stucco
Exclusions Staging and personal property.
Year Built 1904
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
Ownership Individual
County El Paso
Property Type Residential
HOA N
Attached Garage N
Subdivision Name Parrishs
Full Baths 1
Status Active
High School Coronado
City Colorado Springs
Senior Community Y/N N
High School District Colorado Springs 11
Lot Size Units Square Feet
Lot Size Square Feet 5000
Carport Spaces 0
Listing Terms 1031 Exchange Cash Conventional FHA VA Loan
Elementary School West
Tax Annual Amount 1752
Middle/Junior High School West
Property Condition Updated/Remodeled
Virtual Tour https://tours.oatisgreenphotography.com/505-w-bijou-st
Structure Type Duplex
Standard Status Active
Middle/Junior School District Colorado Springs 11
Elementary School District Colorado Springs 11
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ExteriorWater Source Public
Total Parking 4
Lot Size Area 5000
Building Area Total 2374
Lot Size Acres 0.11
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* Excluded FeaturesList ByColorado Homestead RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $2,999
- Monthly Property Taxes
- $146
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Colorado Springs, CO
Average List Price $644,323
Percent of Sale Price 36%
About Colorado Springs, CO 461,521 Population
27% Since 2002
$ 57,575 Median Income
36.95 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
3615233 Elementary School
1730956 Middle School
Coronado High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/19/2026 | $475,000 | -5.00% | Price Down |
| 7/28/2026 | $500,000 | -4.76% | Price Down |
| 6/26/2026 | $525,000 | -4.55% | Price Down |
| 5/7/2026 | $550,000 | | Listed Price |