505 W Bijou Street
Colorado Springs, CO, 80905 $ 475,000
Bedrooms3 Baths2.0 Sq 1,838 Monthly Estimate*
$ 2,999
for $475,000 with 3 bedrooms and 2 full baths. This 1,838 square foot home was built in 1904 on a lot size of 0.1148.
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, 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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FeaturesGeneralLiving Area 1838.0
Sewer Sewer
Heating Forced Air
Cooling None
Utilities Electricity Connected Natural Gas Connected
Roof Composite Shingle
Appliances Dishwasher Microwave Oven Oven Range Refrigerator Self Cleaning Oven
HOA Fee 0.0
Year Built 1904
Property Subtype Single Family
Tax Year 2025
Parcel Number 7413114004
Assoc Fee Paid Per Not Applicable
County El Paso
Property Type Residential
HOA N
Full Baths 1
Status Pending
High School Coronado
City Colorado Springs
High School District Colorado Springs 11
Lot Size Units SqFt
Lot Size Square Feet 5000.0
Elementary School West
Property Attached Y/N N
Tax Annual Amount 1752.0
Middle/Junior High School West
Lot Description Mountain View See Prop Desc Remarks
MLS Area Minor Parrishs
Additional Parcels Y/N N
Virtual Tour https://tours.oatisgreenphotography.com/505-w-bijou-st
Assessments Y/N N
Structure Type Framed on Lot
Standard Status Pending
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InteriorBasement Crawl Space Partial Basement
Flooring Tile Luxury Vinyl
Fireplace Features None
Entry Luxury Vinyl
Window Features Vinyl
Above Grade Finished Area 1838.0
Half Baths 0
3/4 Baths 1
Laundry Features Main Upper
Total Bedrooms 3
Total Baths 2
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ExteriorSiding Stucco
Water Source Municipal
Total Parking 0.0
Garage Type None
Lot Size 5000.0
Building Area Total 2374.0
Lot Size Acres 0.1148
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* Excluded FeaturesList ByMb - Colorado 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 $645,434
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.
5519655 Elementary School
5520066 Middle School
Coronado High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/19/2026 | $475,000 | -5.00% | Price Down |
| 7/29/2026 | $500,000 | -4.76% | Price Down |
| 6/26/2026 | $525,000 | -4.55% | Price Down |
| 5/7/2026 | $550,000 | | Listed Price |