10-Unit Apartment
For Sale
$2,500,000
1609 W Cheyenne Road, Colorado Springs, CO 80906
MULTI_FAMILY - Colorado Springs, CO
Property SizeContact for details
Lot Size0.74 Acres
Days on Market30
Property Features for 1609 W Cheyenne Road
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Basement
Partial
Elementary school district
Cheyenne Mtn-12
Middle school district
Cheyenne Mtn-12
High school district
Cheyenne Mtn-12
Standard status
Active
Lot size
0.74 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3948
Utilities
Heating system
Natural Gas, Hot Water(Heating)
Building Details
Year built
1904
Roof type
Shingle
Listing Agency:
ERA Shields Real Estate · ERA Real Estate
(719) 593-1000
Listed By:
Alan Wilaby · License #813495
(719) 338-1100
Added: Jul 13
Changed: Aug 3
Last Checked: Aug 11 at 10:06PM
MLS# 3488360
Copyright © 2026 elevateMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering includes a ten unit apartment building plus a cottage and 2 duplexes, all situated on a treed, park-like setting adjacent to a stream. The residences are fully leased, and updates are completed as units are ready for re-lease. The owner provides rental spreadsheets with income allocations upon request, and the listing includes 3 schedule numbers for the entire property.
The property is located in Cheyenne Canyon, west of Cresta Rd., in the area next to the Broadmoor. It is an older building with a shingle roof and natural gas, hot water heating.
Overall, the mix of apartments, a cottage, and duplexes supports a diversified residential income layout within one cohesive site.
The property is located in Cheyenne Canyon, west of Cresta Rd., in the area next to the Broadmoor. It is an older building with a shingle roof and natural gas, hot water heating.
Overall, the mix of apartments, a cottage, and duplexes supports a diversified residential income layout within one cohesive site.
Key Highlights
- 0.74‑acre treed, park‑like site adjacent to a stream in Cheyenne Canyon
- Ten unit apartment building plus a cottage and 2 duplexes
- All residences are fully leased and updated as units become ready for re‑lease
Property Analytics
Property Profile
Current Use
Lease Details
15
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
Explore this area
Business Placement
Demographics for 80906, CO
39,019
Population
16,771
Households
2.3
Avg Household Size
39
Median Age
49%
College-Educated
95%
High-School Grad
45.6 sq mi
ZIP Area
856
Density / Sq Mi
$88,047
Median Household Income
$47,314
Median Earnings
$1,634
Median Rent
$543,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased multifamily with natural gas hot water heat on a treed, park-like setting adjacent to a stream.
Where is this apartment building located?
The property is located at 1609 W Cheyenne Road Colorado Springs, CO.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 0.74‑acre treed, park‑like site adjacent to a stream in Cheyenne Canyon; Ten unit apartment building plus a cottage and 2 duplexes; All residences are fully leased and updated as units become ready for re‑lease
