Ten-Unit Apartment
For Sale
$2,500,000
1609 W Cheyenne Road, Colorado Springs, CO 80906
Residential Income, Colorado Springs, CO
Property SizeContact for details
Lot Size0.74 Acres
Days on Market61
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: Sep 2
Last Checked: Sep 11 at 8:06AM
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 multifamily property combines a ten-unit apartment building with a separate cottage and two duplexes. The residences have been updated over time as individual units became available for new leases, and the entire property is currently fully leased. Improvements include hot-water heating, natural gas service, and shingle roofing. The apartment building dates to 1904.
The 0.74-acre property is located at 1609 W Cheyenne Road in Colorado Springs, west of Cresta Road and near the Broadmoor. The residences are arranged in a treed setting adjoining a stream in Cheyenne Canyon. Three schedule numbers cover the full offering, providing separate assessment records for the property components.
The 0.74-acre property is located at 1609 W Cheyenne Road in Colorado Springs, west of Cresta Road and near the Broadmoor. The residences are arranged in a treed setting adjoining a stream in Cheyenne Canyon. Three schedule numbers cover the full offering, providing separate assessment records for the property components.
Key Highlights
- Ten‑unit apartment building plus a cottage and 2 duplexes
- Fully leased across the residential improvements
- 0.74‑acre property at 1609 W Cheyenne Road
Property Analytics
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Current Use
Lease Details
15
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased residential property with an additional cottage and two duplex buildings.
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: Ten‑unit apartment building plus a cottage and 2 duplexes; Fully leased across the residential improvements; 0.74‑acre property at 1609 W Cheyenne Road
