505 W Bijou St, Colorado Springs, CO 80905

$500,000
3
BD
2
BA
1,838
SqFt

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Listing courtesy of Elizabeth Reeder.

elizabeth-reeder@outlook.com,720-231-8097

List Price
$500,000
Status
ACTIVE
Price Change
▼ $25,000 1785297867
MLS#
8860481
Subtype
Residential Income
Year Built
1904
Bedrooms
3
Bathrooms
2
Living Area
1,838
Acres
0.11
Subdivision
Parrishs
MLS Area Major
Out of Area

Property Description

House Hack Opportunity - Live in One Unit & Rent the Other! In the Heart of Colorado Springs! Why settle for a single-family home when you can own a property that helps pay for itself? This beautifully remodeled duplex offers the perfect opportunity for owner-occupants, investors, or multi-generational living-all just minutes from Downtown Colorado Springs, Old Colorado City, local hospitals, military bases, and some of the city's best dining, shopping, and entertainment. The main level features 1,058 square feet with 2 bedrooms and 1 bathroom, showcasing modern finishes, updated fixtures, and a bright, inviting layout. Upstairs, a fully finished 780-square-foot private apartment includes 1 bedroom, 1 bathroom, its own kitchen, and a separate exterior entrance, creating an ideal space for long-term tenants, mid-term rentals, guests, or extended family. Live comfortably in one unit while renting the other to help offset your monthly mortgage payment, or lease both units to maximize your investment potential. With strong demand for rental housing in central Colorado Springs, the possibilities are endless. Washer and dryer hook-ups in both units! Situated on a 5,000-square-foot lot, the property also offers convenient off-street rear parking and two storage sheds for additional storage. Whether you're purchasing your first investment property, looking for a smart house-hack opportunity, or seeking a turnkey duplex in an unbeatable location, this property delivers the flexibility, income potential, and lifestyle that today's buyers are searching for.

Additional Information

Taxes
$1,205
Zoning
R-2
Appliances
Self Cleaning Oven, Dishwasher, Refrigerator, Microwave, Fire Alarm
Heating
Forced Air
Levels
Two
Roof
Composition
Parking Features
Off Street
Garage Spaces
4
School District
Colorado Springs 11
Elementary School
West
Middle School
West
High School
Coronado

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