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    416 Cheyenne Blvd Colorado Springs, CO 80905

    For Sale
    $354,900

    MULTI_FAMILY - Colorado Springs, CO

    Lot size:
    0.14 Acres
    Days on Market:
    54
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 416 Cheyenne Blvd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Fireplace
    1
    Basement
    Crawl Space
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1929
    Roof type
    Shingle

    eXp Realty, LLC (303) 882-1191 [email protected]

    Listing agent Eric Martinez (719) 640-3143

    Listing date Oct 14, 2025

    MLS# 3916879 Listing URL

    Copyright © 2025 Pikes Peak Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Colorado Springs Income Property

    This cozy rental property has been generating rental income for the past 20 years. Zoned R-2, the property allows for the addition of another property to increase rental income. The location is near shopping, restaurants, trails, parks, and attractions such as the Cheyenne Mountain Zoo and Seven Falls. The water tap fee has already been paid by the seller. A new sewer line was installed in March 2022, and the kitchen and bathroom have been renovated. There is a .5 non-conforming bathroom at the back of the house. Blueprints for an additional property on the lot are available from the seller. A new washer and dryer are included for the laundry. The backyard shed and seller-owned security camera system are also included in the purchase. The property is located in Colorado Springs, CO, in El Paso County, with a lot size of 0.142 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.835562
    Latitude
    38.805882

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    FAQs

    What type of property is this?
    Single family property - Cozy rental property with income potential in ideal location.
    Where is this single family property located?
    The property is located at 416 Cheyenne Blvd Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $354,900.
    What are key features of this property?
    This property features: - R-2 Zoning allows for adding an additional rental property.; - Ideal location near shopping, restaurants, trails, parks, and attractions like Cheyenne Mtn Zoo and 7 Falls.; - New sewer line installed in 3/2022 and renovated kitchen and bathroom.
    (719) 640-3143
    Request Owner's contact information
    416 Cheyenne Blvd Colorado Springs, CO 80905
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    Colorado Springs, CO 80905
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    416 Cheyenne Blvd Colorado Springs, CO 80905
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