Duplex with Separate ADU
505 W Bijou Street Colorado Springs, CO 80905
For Sale
$550,000
Fully remodeled duplex in Colorado Springs offers a main 2BR/1BA plus an upstairs 1BR/1BA ADU with separate exterior entry.
Property Size1,838 SF
Lot Size0.11 Acres
Price / SF$299.24
Days on Market76
Property Features for 505 W Bijou Street
General Information
- Standard status
- Active
- Size
- 1,838 SF
- Lot size
- 0.11 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1904
Listing Agency:
Colorado Homestead Realty
(720) 231-8097
Listed By:
Elizabeth Reeder · License #100057404
(720) 231-8097
Source:
Exitrealty
Added: May 9
Changed: Jul 22
Last Checked: Jul 23 at 4:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colorado Homestead Realty
Investment Insights
Based on property information with market context.
This fully remodeled duplex at 505 W Bijou Street provides two separate living units with flexible use. The main level features 2 bedrooms and 1 bathroom across 1,058 sq ft with an updated interior throughout. Upstairs, a fully finished 780 sq ft ADU includes 1 bedroom and 1 bathroom, along with its own separate exterior entrance and kitchen.
The property sits on a 5,000 sq ft lot and includes off-street rear parking, plus two storage sheds for additional convenience.
Set up to function as a true dual-living arrangement, the home can support a duplex-style income configuration while also allowing for separate residential use through the upstairs ADU.
The property sits on a 5,000 sq ft lot and includes off-street rear parking, plus two storage sheds for additional convenience.
Set up to function as a true dual-living arrangement, the home can support a duplex-style income configuration while also allowing for separate residential use through the upstairs ADU.
Key Highlights
- 1904‑built, fully remodeled duplex with main 2BR/1BA (1,058 sq ft) plus an upstairs 1BR/1BA ADU (780 sq ft).
- Upstairs ADU has a private separate exterior entrance, plus its own kitchen and bath.
- 5,000 sq ft lot includes off‑street rear parking.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.4k | $19.80 |
| − Vacancy | −$2.0k | −$1.09 |
| EGI | $34.4k | $18.71 |
| − OpEx | −$10.3k | −$5.61 |
| NOI | $24.1k | $13.10 |
1,838 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$343.9K
$300.9K – $401.2K
NOI $24,074 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$318.7K
$278.9K – $371.8K
NOI $22,310 @ 7.0% cap · market cap 4.06%
Theoretical Best
Specialty Retail
$363.0K
$317.6K – $423.5K
NOI $25,409 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully remodeled duplex in Colorado Springs offers a main 2BR/1BA plus an upstairs 1BR/1BA ADU with separate exterior entry.
Where is this duplex located?
The property is located at 505 W Bijou Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1904‑built, fully remodeled duplex with main 2BR/1BA (1,058 sq ft) plus an upstairs 1BR/1BA ADU (780 sq ft).; Upstairs ADU has a private separate exterior entrance, plus its own kitchen and bath.; 5,000 sq ft lot includes off‑street rear parking.
