505 W Bijou Street, Colorado Springs, CO 80905

$475,000
  • 505 W Bijou Street, Colorado Springs, CO 80905 Main Photo

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Active Price Reduced by $25,000 on August 19th, 2026
BEDS0 BATHS0.0 MLS#7889794
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONParrishs

Property Description

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!

505 W Bijou Street | MLS# 7889794

This multi-family property located at 505 W Bijou Street, Colorado Springs, CO 80905 is currently listed for sale with an asking price of $475,000. Search Colorado Springs real estate on www.corealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: None
Fireplaces: None
Garage: 4
Heating: Forced Air
Lot Size: 0.11 Acres
Roof Type: Composite Shingle
Taxes: $1,752
Year Built: 1904

Feature Descriptions

Appliances: Dishwasher, Microwave Oven, Oven, Range, Refrigerator, Self Cleaning Oven
Basement/Foundation: Crawl Space, Partial Basement
Days on Site: 104
Existing Utilities: Electricity Connected, Natural Gas Connected
Exterior: Stucco
Laundry Facilities: Electric Hook-up
Sewer: Sewer
Water: Municipal

Listed By / Shown By

Listed By

Agency Name: MB - Colorado Homestead Realty
Agency Phone: 303-800-1000

Shown By

Agent Name: Chris Cooper
Agent Phone: (719) 460-2925
Agency Title: The Cutting Edge, Realtors

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Estimated Payment

$ 2,624.27 per month $2,339.73 Principal & Interest $146.00 Property Tax $138.54 Homeowner's Insurance

Change Payment Information

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(Payments are an estimate and may vary by lender)

Milestone Mortgage
Phone: (719) 505-5561
Email: Laura@LoansWithMilestone.com

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