124 W Cheyenne Road, Colorado Springs, CO 80906
Local realty services provided by:ERA New Age
124 W Cheyenne Road,Colorado Springs, CO 80906
$579,000
- 4 Beds
- 2 Baths
- 1,801 sq. ft.
- Multi-family
- Active
Listed by: lee wagner, lee wagner
Office: cushman & wakefield
MLS#:1788443
Source:ML
Price summary
- Price:$579,000
- Price per sq. ft.:$321.49
About this home
124 & 126 W Cheyenne Road presents a rare opportunity to acquire a well-maintained duplex in a highly desirable Colorado Springs location. Constructed in 1956, the property consists of two spacious residential units totaling approximately 1,801 square feet. Each unit features a functional 2-bedroom, 1-bathroom/1.5 bathroom floor plan designed to appeal to a broad tenant base seeking comfortable living accommodations in a convenient urban setting.
The property offers two carport spaces on 124 and two car garage at 126, providing a valuable amenity for residents and enhancing overall tenant satisfaction. Its manageable size and straightforward operation make it an attractive investment opportunity for both first-time and experienced multifamily investors seeking stable rental income and long-term appreciation potential.
Situated along the South Nevada Avenue and Cheyenne Road corridor, the property benefits from excellent access to Downtown Colorado Springs, Interstate 25, major employment centers, retail destinations, dining options, and recreational amenities. Residents enjoy proximity to some of the area's most notable attractions, including The Broadmoor, Cheyenne Mountain, and the extensive trail systems and outdoor recreation opportunities that make Colorado Springs one of Colorado's most desirable places to live.
Supported by a diverse regional economy, continued population growth, and strong rental demand, 124 & 126 W Cheyenne Road offers investors the opportunity to acquire a well-located duplex asset positioned to benefit from the ongoing growth and economic strength of the Colorado Springs market....
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Home facts
- Year built:1956
- Subdivision & Development:Broadmoor
- Listing ID #:1788443
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Basement:Yes
- Basement Description:Crawl Space
- Living area:1,801 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Shingle
- Year built:1956
- Building area:1,801 sq. ft.
- Lot area:0.21 Acres
- Construction Materials:Brick
- Levels:1 Story
Schools
- High school:Palmer
- Middle school:North
- Elementary school:Hunt
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$579,000
- Price per sq. ft.:$321.49
- Tax amount:$1,381 (2025)
Features and amenities
- Laundry features:In Unit
Parking
- Total parking spaces:2
- Garage:Yes
- Garage spaces:2
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