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Remodeled Duplex with Separate Upper Apartment
New
For Sale
$500,000

505 W Bijou Street, Colorado Springs, CO 80905

Two-unit home with separate upstairs apartment and washer/dryer hookups on each level.

Lot Size0.11 Acres
Days on Market3

Property Features for 505 W Bijou Street

General Information

Standard status Active
Lot size 0.11 Acres
Property subtype Residential Income

Amenities

washer/dryer hookups
storage sheds

Building Details

Year Built 1904
Buildings 1
Stories 2
Tenancy Multi
Listing Agency: MB - Colorado Homestead Realty
Listed By: Elizabeth Reeder · License #100057404
Source: Pikespeakdreamhomesrealty
Added: Jul 29 Changed: Jul 31 Last Checked: Jul 31 at 12:18AM

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 MB - Colorado Homestead Realty

Investment Insights

Based on property information with market context.

Remodeled duplex at 505 W Bijou Street offering flexible living and rental options. The main level features 1,058 square feet with 2 bedrooms and 1 bathroom, with modern finishes and updated fixtures. Upstairs is a fully finished 780-square-foot private apartment with 1 bedroom and 1 bathroom, its own kitchen, and a separate exterior entrance.

Washer and dryer hook-ups are available in both units. The property sits on a 5,000-square-foot lot with convenient off-street rear parking and two storage sheds.

Built in 1904, the layout is designed to support owner-occupancy and renting the other unit, or leasing both units for broader income flexibility.

Key Highlights

  • Upstairs private apartment: 780 SF with 1 bedroom and 1 bathroom, its own kitchen and separate exterior entrance
  • Main level unit: 1,058 SF with 2 bedrooms and 1 bathroom
  • Washer and dryer hook‑ups in both units

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Fish Market Adult Day Care Clothing & Fashion Store Pet Grooming Service Supermarket

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,097
Businesses Nearby

Demographics for 80905, CO

17,592
Population
8,933
Households
2
Avg Household Size
38
Median Age
39%
College-Educated
92%
High-School Grad
5.1 sq mi
ZIP Area
3,449
Density / Sq Mi
$64,496
Median Household Income
$40,876
Median Earnings
$1,449
Median Rent
$349,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit home with separate upstairs apartment and washer/dryer hookups on each level.
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 $500,000.
What are key features of this property?
This property features: Upstairs private apartment: 780 SF with 1 bedroom and 1 bathroom, its own kitchen and separate exterior entrance; Main level unit: 1,058 SF with 2 bedrooms and 1 bathroom; Washer and dryer hook‑ups in both units
More about this property
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