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Renovated Apartment Building with Balconies
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For Sale
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107 W Cheyenne Rd, Colorado Springs, CO 80906

73-unit community with updated interiors, resident amenities, and convenient access to nearby retail, dining, and entertainment.

Property SizeContact for details
Days on Market2

Property Features for 107 W Cheyenne Rd

General Information

Standard status Active
Class Class B
Property subtype Multifamily
Occupancy 90%

Site & Location

Highway Access Yes
Road Access Yes

Units

Unit Mix 7 x studio, 33 x 1BR, 33 x 2BR
Multifamily Units 73

Amenities

pool
fitness center
sauna
Renovated 73-unit high-rise in the coveted Broadmoor corridor, offering premium interiors and mountain views at a significant discount to new construction.
Positioned between Downtown Colorado Springs and The Broadmoor, with walkable retail, strong demographics, and enduring renter demand.
deal was signed on august 2nd

Building Details

Year Built 1967
Year Renovated 2018
Units 73
Listed By: Jason Hornik · License #License(s): CO: FA. 100070708
Source: Marcusmillichap
Added: Sep 1 Last Checked: Sep 1 at 9:40PM

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 Jason Hornik

Investment Insights

Based on property information with market context.

Built in 1967 and renovated in 2018, this 73-unit apartment property offers a mix of seven studios, 33 one-bedroom residences, and 33 two-bedroom residences. Average floor plans measure 497 square feet for studios, 868 square feet for one-bedroom units, and 1,272 square feet for two-bedroom units. Unit features include stainless-steel appliances and oversized balconies with mountain views.

Resident amenities include a community pool, fitness center, and sauna. The property is located at 107 W Cheyenne Rd in Colorado Springs, four blocks west of the CanAm Highway and south of downtown. Ivywild School Market Place is approximately a five-minute walk away, while the Broadmoor hotel and golf resort is about a five-minute drive west. Cheyenne Mountain Zoo is located approximately six minutes beyond the Broadmoor.

Key Highlights

  • 73‑unit apartment property renovated in 2018
  • Unit mix includes 7 studios, 33 one‑bedroom units, and 33 two‑bedroom units
  • Average unit sizes range from 497 to 1,272 square feet

Property Analytics

Current Use

Luxe Tower Apartment Building Lee Carrato Freight Service Computer Share LLC IT Consulting Firm Kane Law Firm Law Firm

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Daycare Center Barber Shop Computer & Electronic Repair Home Appliance Store Tanning Salon

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

73
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

855
Businesses Nearby

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

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

What type of property is this?
Apartment building - 73-unit community with updated interiors, resident amenities, and convenient access to nearby retail, dining, and entertainment.
Where is this apartment building located?
The property is located at 107 W Cheyenne Rd Colorado Springs, CO.
What are key features of this property?
This property features: 73‑unit apartment property renovated in 2018; Unit mix includes 7 studios, 33 one‑bedroom units, and 33 two‑bedroom units; Average unit sizes range from 497 to 1,272 square feet
More about this property
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