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Morgan Jansen

morganjansenrealtor@gmail.com +1(720) 749-7456

$ 550,000

Est. payment | -/mo

3 Beds

2 Baths

2,374 SqFt

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$ 550,000

Est. payment | -/mo

Save Virtual Tour

3 Beds

2 Baths

2,374 SqFt

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 $231

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

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.

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 Locations

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Morgan Jansen

Owner & Licensed Realtor | FA.100076714

morganjansenrealtor@gmail.com

+1(720) 749-7456

CO, 80234, USA

505 W Bijou ST Colorado Springs, CO 80905

Morgan Jansen

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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505 W Bijou ST