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Trista Fischer

trista.fischer@engelvoelkers.com +1(719) 648-5331

$ 475,000

Est. payment -/mo

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Price Dropped by $25K

505 W Bijou ST Colorado Springs, CO 80905

3 Beds

1.75 Baths

2,374 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,374 sqft

Price per Sqft $200

Subdivision Parrishs

MLS Listing ID 4017568

Style Traditional

Bedrooms 3

Full Baths 1

Three Quarter Bath 1

HOA Y/N No

Abv Grd Liv Area 1,838

Year Built 1904

Annual Tax Amount $1,752

Tax Year 2025

Lot Size 5,000 Sqft

Acres 0.11

Property Sub-Type Single Family Residence

Source recolorado

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, 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!

Location

State CO

County El Paso

Zoning R-2

Rooms

Basement Crawl Space, Partial, Unfinished

Main Level Bedrooms 2

Interior

Interior Features Eat-in Kitchen, Smoke Free

Heating Forced Air

Cooling None

Flooring Tile, Vinyl

Fireplace N

Appliance Dishwasher, Microwave, Oven, Range, Refrigerator, Self Cleaning Oven

Exterior

Utilities Available Electricity Connected, Natural Gas Connected

Roof Type Composition

Total Parking Spaces 4

Garage No

Building

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Frame,Stucco

Schools

Elementary Schools West

Middle Schools West

High Schools Coronado

School District Colorado Springs 11

Others

Senior Community No

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan

Special Listing Condition None

Virtual Tour https://tours.oatisgreenphotography.com/505-w-bijou-st

Listed by Colorado Homestead Realty

NEARBY SCHOOLS & PROPERTIES

Trista Fischer

Advisor | License ID: 55055637

+1(719) 648-5331

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