Metro Denver Luxury Homes For Sale

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.

Features
: Forced Air
: None
: Partial, Unfinished, Crawl Space
: Carbon Monoxide Detector(s), Smoke Detector(s)
: Covered, Front Porch
: 4
: Dishwasher, Microwave, Range, Refrigerator, Self Cleaning Oven, Oven
: Traditional
: Composition
: Public Sewer
Address Map
CO
El Paso
Colorado Springs
80905
Bijou
505
Street
W105° 9' 55''
N38° 50' 12.3''
W
Additional Information
: Frame, Stucco
49
West
: Tile, Vinyl
Coronado
: Smoke Free, Eat-in Kitchen
Yes
Yes
1031 Exchange, Cash, Conventional, FHA, VA Loan
West
Colorado Homestead Realty
74131-14-004
: None
: Duplex
Parrishs
$1,752
2025
: Electricity Connected, Natural Gas Connected
: Double Pane Windows
R-2
05/06/2026
2374
Active
Colorado Springs 11
Colorado Springs 11
Colorado Springs 11
05/07/2026
05/07/2026
Public
: Two

Parrishs

505 W Bijou Street, Colorado Springs, CO 80905

3 Bedrooms
2 Total Baths
1,838 Square Feet
$550,000
Listing ID #4017568
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 4017568
Price : $550,000
Bedrooms : 3
Rooms : 10
Total Baths : 2
Full Bathrooms : 1
3/4 Bathrooms : 1
Square Footage : 1,838 Square Feet
Year Built : 1904
Lot Area : 5,000 Acres
Lot Acres : 0.11
Property Sub Type : Single Family Residence
Status : Active
Originating System Name : REcolorado
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